As a single mom with 3 young children that are growing towards college with every breath, one of my main concerns is how to provide for them. I have the normal day to day worries that come with doing this mostly on my own, but then there are the obstacles we’ll need to tackle in the future.
For instance, how will I have the money to send them to college?
I should have started saving pennies and dimes a long time ago, that’s just a simple fact. Forget today, I need to start preparing yesterday. But the truth is that I haven’t. So as the years inch closer, my fears grow stronger. With all things to consider, it really is enough to pull one’s hair out.
But I am not alone. There’s been a new research study by MassMutual’s State of the American Mom which found that many moms have strong hopes and convictions about providing financially for their families, but given the multiple demands of the life of a mom, many also find it hard to achieve. I can completely understand this, and know where these moms are coming from, because I would definitely fit into this group.
In the survey, some moms shared they may feel overwhelmed about ways to start thinking about all of financial priorities they must provide for. I know I do. MassMatual has a starting place, however, to begin the process of helping sort through family finances.
I try my best to manage our household finances responsibly, because I know my kids are at an age where they pay attention. There are definitely areas I could work on, though. MassMutual has created a new quiz to help moms start thinking about their attitudes toward finances and how they can take small steps forward in the process of planning for their financial future. How well are you planning for the future?
I wrote this post as participation in in a blog tour for Mom Central on behalf of MassMutual and received compensation in the form of an Amazon gift code to thank me for taking the time to participate.