Your Questions About Money Saving Mom
Michael asks…
How to save money when my mom keeps borrowing it? Im 14?
Okay so everytime i try to save up my money my mom asks to borrow it! I want to save it what should i say? im 14
mikey answers:
That is an easy one. Just start saying your broke or you spent it. Ask mom what she needs it for and then put the same restrictions on her as she does you. When you need money.
Richard asks…
Is it true that if you’re saving money on RESP, you cannot apply for scholarship?
My mom is saving money on RESP for my education because I’m planning on going to University.
My mom‘s friend told my mom that if I have a RESP, I cannot apply for scholarship…Is it true?
by the way, my mom‘s friend heard this news though her friends so there is a chance my mom‘s friend might not be true.
RESP means registered education savings plan.
mikey answers:
Not entirely true. If you drop the RESP, then you can apply for a scholarship. You must get a group scholarship plan if you want to apply.
Sandra asks…
Any money saving tips and activities for stay at home mom on a tiiiight budget for a family of 4?
mikey answers:
YOU ARE MY HERO, Keep it up, cut out buying thing you can live with out. Thank You for being a stay at home mom.
Your child is worth it
Ken asks…
what is the best way to tricking my mom into thinking im saving my money when i spent it on an Xbox 360?
Xbox 360 was bought i want to keep my ma thinking i saved my money
mikey answers:
Gee that was worth it…And how much fun will you have not being able to have friends over to play it…How are the holidays going to be when no one in your family knows they can get you games for the 360 or even buy you xbox live cards…. Dude tell the truth now …take the week of yelling ….It’s better then having to stress for months and months about her finding out…
Mandy asks…
As a new stay-at-home mom, what are some of your best money-saving tips that have worked for your family?
mikey answers:
I’ve noticed that to save on groceries, making out a menu and writing your grocery list based on that can actually save money! I used to just go shopping and get anything. I then noticed that I had this high grocery bill and not much food to show for it. When I sat down and made a menu for the week and bought only the things on my list the grocery bill was much lower and I knew exactly what I was going to make that day which helped me in that way also. Bottle feeding your baby formula is also going to take a lot of money. My baby wouldn’t take the breast so I bought a breast pump and still gave him his breast milk in a bottle. Now he’s 7 months old and formula fed and it costs soooo much money. So breastfeed as long as you can. I was going to try cloth diapers but noticed that there are some things worth paying for! It took almost all my time to clean cloth diapers so I quickly got tired of that! Being a stay-at-home mom is the greatest joy of my life and I wish you and your new baby all the best!
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