I don’t think there is anyone who can’t benefit from making their money work harder for them. We'd be surprised to learn the areas in our expenses where we are needlessly throwing money away. I’ve been on the lookout for a practical tool for stretching my dollars, and I found it in Miserly Moms: Living Well on Less in a Tough Economy by Jonni McCoy.
I was one of those people who thought they needed more money to make ends meet. But McCoy showed me, through strategies she used in her own household, to budget the money we have now to cover more of our expenses.
McCoy shares ways she cut her household budget that turned out to be more profitable than getting a part-time job! The author notes, “She was inspired by the challenge of reducing our budget instead of increasing our salary" (p. 14).
McCoy first offers eleven miserly guidelines and tips that will immediately help you save money like, “Don’t buy everything from one store,” and my personal favorite, “Make your own whenever possible”. A lot of time is spent on money-saving tips for groceries, because the author maintains this is where money can be saved the most. Then there are chapters dedicated to other places to save money like on baby care, the eye-opening real cost of working, medical expenses, utilities, etc., all organized from the most cost-saving to the least.
Every time I opened the book, I found a useful strategy to use in my own household. I did not read the book from front to back rather chose topics for which I immediately needed advice. Chapter 31: “An Easy $10,000: Various Ways to Pocket Some Money” is worth the price of the book alone.
If you’ve wondered how to make more money without increasing your salary, and to make cut backs without cutting out all luxuries, invest in yourself by reading Miserly Moms. Even if you’re not a mom, singles and empty nesters can benefit from the cost-saving tips found in this book.