Ashley Mozingo

Hi everyone! My name is Ashley, and I am a stay at home mom to two girls, Paislee, 3 and Keely, 1. My husband is in the Coast Guard, and is currently stationed at a Coast Guard unit on Camp Lejune. We have been married for five years now and have spent two of those years in Alaska, where Paislee was born, and two in Maine, where we had Keely. We were lucky to get stationed here in 2012, and call North Carolina "home". We were both born and raised in different cities in eastern North Carolina, and we are super excited to get to spend some time here with our girls and introduce them to some of our favorite places that we had as children. Before I met my husband, I attended East Carolina University, where I earned my Bachelors Degree in Communications. I have a love for writing, and a huge passion for being a mom, so I am thrilled to have the opportunity to write about my experiences and exciting moments of this rocky ride that we all call 'Motherhood'.

breanna-sykes

Budgeting

My husband and I have decided to create a budget. Yes, after almost 4 years of marriage and our daughter being a year and 1/2 we are now deciding to create a budget. We aren’t big spenders but we realized that we say yes to things like dinner dates or traveling without consulting our finances. So, more often than not, we end up severely limiting our income each month.

I have several friends with their own budgeting ideas. One of my friends calls hers the envelope system. When they get paid she takes all of the money out and sorts it into envelopes for each bill or budegted spending. I think this sounds like a lot of work and frankly a little scary to have all of your money physically under your roof. But, it’s her way of making things work.

Another friend of mine breaks her budgets down into bank accounts. It’s kind of like a bank account tree. It starts with their big savings for retirement. Then that branches down into another big savings account for emergencies. Then that one branches into another savings account for regular use such as vacations. Then from there it branches into their joined debit which is for bills. And lastly they each have a personnal debit account in which they have their spending money after everything else is paid. This sounds more doable for me since all of the money is in the bank and it’s a nice organized plan.

A couple tips that I have learned over the years for budgeting are as follows:

-Treat your savings account as a bill. You should always put money from each paycheck into your savings account.

-Always have an emergency fund. You never know when you are going to need a chunk of change in a bad situation.

-Use your credit cards, but pay them off. We use our credit cards for groceries and gas. That way we know we can pay them off immediately.

-Give yourself some spending money. Being able to treat yourself every now and again is important. Even if it’s just to an ice cream after work.

 

What are some of your tips or advice for budgeting?

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