Being a mom is a full-time job especially if you have young ones, so it’s hard to practice any other trades. No matter what, though, there’s always time to invest in your family. Even the busiest mom can handle these next few investment tips for a better home, healthier family, and more robust bank account.
Start at Home
One of the best things you can do is to buy and implement energy saving appliances in your home. Start small by changing out the light bulbs for energy-saving ones. Have you ever noticed you have to cut the hot water in showers with cold water? You can save energy and water by simply turning down the temperature of water heaters to a more manageable degree. Teach your kids to turn off the lights when they exit a room and only use as much energy as necessary. When it’s time to switch out appliances, always go for the greenest option. By investing in resource saving behaviors and appliances at home, you save hundreds of dollars in the future.
However, if you’re looking to make a more substantial amount on a regular basis, investing in buy to let property could be the key to make your and your family’s future more financially secure. Needless to say, as you become a permanent landlord, you’ll be receiving a regular income which could go towards your kids’ future.
Invest From Your Phone
There are dozens of useful apps to help you start investing. For example, Acorns allows you to set up a portfolio and account that involves micro-investing — only investing a couple of cents at a time. The money comes from the purchases you already make in your life, such as a cup of coffee or at the grocery store. From there, you can save for retirement or simply add more money to your children’s college funds. There’s also Robin Hood which allows you to do free stock exchanges. It’s really free. You don’t have to pay a fee or anything, except if you want the premium version. But otherwise, all you have to do is download the app, add your bank account, and pick a stock.
Always Go for Healthy Meals
One of the best investments you can make is to invest in a healthy diet for your family. Not only are you cutting out expensive vices, such as sugar, junk food, and fast food, but you save on health bills future in life. You also save money by cooking at home rather than going out to eat. When you create a large portion of food at a time, such as through casseroles, you reduce the time you have to make dinner elsewhere and save money going grocery shopping as well. Overall, from reducing extraneous unhealthy purchases to lowering transportation costs to mitigating future medical bills, a healthy diet is one of the best things you can do for your children.
Get Creative With Investments
Not all investments look like financial ones. When you provide a more energy-efficient home and healthy diet, you create a better financial situation for your family in the future. When you get in the mindset that every action you take is an investment in your child’s future — good or bad — you inevitably alter your behavior to give your child the best future possible.