Over the past 15 months I have shared my attitudes towards money and budgeting as well as my tips for saving money. I recently thought it would be interesting to hear from other awesome Mum’s about their ideas regarding money and budgeting. So today I am sharing the first post in a new series “Money My Way”.
To kick things off, Kate Hames, author of mowglization.com, was kind enough to answer some questions for me about her attitudes towards money and budgeting. Thank you Kate. 🙂
Are you a spender or a saver?
I’m not sure that I’m either to be honest. Although I am quite careful with what I do spend my money on.
Where do you think you learnt your money habits? Did your parents teach you about money and budgeting or did you pick it up yourself along the way?
I always remember my Dad saying that one day I’ll learn the value of money and I never knew what he meant until I lived independently. My Nana was the person who certainly gave me good advice, she always said make sure your rent and bills are paid, you’ve got food in the cupboards and then see what you’re left to play with.
What do you wish you’d known sooner about budgeting and money?
I wish I’d known how drastically mortgages were going to change. It’s so difficult to get on the property ladder without some super saving or a generous relative.
Do you have a budget? If so, is it in your head or written down?
If my bank balance drops below a certain amount I do get a little bit panicky. It’s in my head and tends to change every 6 months.
What is your biggest money concern?
My biggest money concern is not being able to afford a mortgage on my own. Something I intend to change.
What is your best money-saving tip?
If you have to ask yourself if you really need to buy some thing then you don’t really need to buy it.
What is your favourite budget meal?
Corned beef casserole! Or pasta with whatever is in the fridge.
Do you give your kid’s pocket money?
Not strictly. My son will occasionally ask for money.
Did you receive pocket money as a child?
Not on a regular basis. My dad would usually empty his pockets of change and give me that to go to the shop with.
What’s one thing you hope to teach your kids about money?
How important it is but also how unimportant it is.
If you were given a million dollars tomorrow, what would you do with it?
I would pay my mortgage off, go on holiday and invest a considerable amount.
Kate Hames is a woman of many talents. She shares her random wonderingments on her website mowglization.com, is the author of the book From flat-out to focused, and showcases her beautiful voice, on her YouTube Channel. Also be sure to check out her Facebook and Instagram to keep up with everything she does!