Managing Finances: 5 Money Tips From an Ordinary Working Mom by Charlene Torkelson

3 years ago
Managing Finances: 5 Money Tips From an Ordinary Working Mom

As an ordinary person who comes from a family of numbers people – accountants, math professors and bank presidents – I’m a mom working three part-time jobs. But I’ve become a successful money person with no debt and a workable budget. My secrets to money management?

  • Don’t spend more than you have. Credit cards make it easy to spend more money. Then it comes to pay, and we can’t even remember what we bought.
  • Pay your bills, spend a little on something special and save the rest. Savings can quickly add up for that emergency.
  • Pay everything immediately. Don’t let interest build by paying the minimum on a credit card or loan.
  • When we have little money left, we feel we “deserve” something extra. Do something free! Visit a place with no entrance fee or take a hot spa-like bath. Join a friend for coffee and conversation.
  • We live in an age where we all accumulate things – kids have lots of toys, we have closets of clothes we don’t wear, and our house has furniture and items we don’t even use. Start to live with necessities rather than unneeded extras. If you don’t need it, don’t buy it. And garage sales can be a great way to find new things at a low price.

How do you budget your money?

Related Products on Amazon We Think You May Like:

30Second Mobile, Inc. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites.

3 Surprising Ways to Teach Your Kids About Money & Prosperity!

Thinking of Buying a Home? 6 Things NOT to Do With Your Finances!

Family Finances: How to Get Familiar With Your Finances & Start the Year Off Right!

Elisa A. Schmitz 30Seconds
There is nothing "ordinary" about you, Charlene Torkelson ! These are great tips. You are so right, especially about not spending more than you have. Seems simple enough! ;-)
Ann Marie Gardinier Halstead
Such great advice! Thanks for sharing these tips with us, Charlene Torkelson !

join discussion

Please login to comment.

recommended tips

Common Money Worries: Tips to Overcome Financial Problems From “Happy Money” Author Ken Honda

Financial Intimacy: 6 Ways to Keep Money From Wrecking Relationships

Pinching Pennies: 10 Reasons Why I Love Dollar Stores (and You Should, Too, No Matter What Your Income)

Want to Feel More Prosperous? Here's Why You Need to Give More!

Got 30 seconds? Sign up for and get the best of our tips each week!