Money Matters

3 Investing Tips Every WAHM Should Know

3 Investing Tips Every WAHM Should Know

Hey everyone! I’ve been talking about homeschooling lately (because it is school season, after all), but today, let’s talk about something that we should talk about all year round: money.

When it comes to handling the family budget, it’s usually left to the woman of the house to juggle the finances. Apparently, there’s a scientific reason why females handle the family’s money rather than men. Research featured by CNN Money said that women investors perform better than men, but they lack confidence when it comes to investing and planning for retirement.

Why so? Well, they invest wisely. However, their conservative thinking in terms of wealth has also led to many women, particularly stay-at-home moms, with less money to invest in their future or retirement. Here’s a post dedicated to wonderful WAHMs out there on how they can invest without putting too much pressure on the family’s finances.

1. Assess and set your financial goals

When it comes to investing, the initial step is to assess your financial position then set your financial goals accordingly. Look at your savings and see how much you can allot for long-term investments.

Place your money on opportunities with high returns after at least ten years and not in illiquid assets (real estate, car, mobile devices). Consider this list of low-risk investments with high returns to see which one you can invest in.

Secondly, determine your investment personality (willingness to take risks, the ability to take a loss and more). Lastly, build your financial goals based on your investment personality and how long you want to invest for. Short-term goals often result in quick and low returns compared to long-term goals that are fit for those planning for their retirement. It’s always ideal to invest in long-term strategies as you are able to gain greater yields, and able to re-strategise in case a loss happens in between.

2. Consider Forex Trading

A great way to achieve financial freedom is by investing your money in Forex trading. Women and millennials have a few things in common – they want low risk when it comes to investment opportunities and they follow a conservative trading system. According to a market insights report, millennials are particularly risk averse because they have been exposed to a lot of financial crisis, making them sceptical when it comes to capital markets. As a result, they use a conservative trading system that will help them lower their risk of incurring major losses.

However, most moms and millennials are also tech-savvy, making them perfect for Forex trading. Mobile apps, various software and resource websites allow them to have real-time access to information about their investments and assess the global market accordingly. Today, 92% of moms in the UK own a cell phone, with 83% of them saying they always keep their mobile device close to them.

WAHM Life

WAHM life

3. Engage in a lucrative hobby and start a business

While it’s not easy managing work and chores at home, many have proven that it’s possible to earn money even when you are looking after children. The best way is to find a hobby that you like to do and start a business from your passion, whether it’s baking, creating jewelries or writing a blog. Many WAHMs have started their own websites, where they share their own personal experiences about their life with their children, newfound hobbies and reviews of tech products or services they’ve recently tried. Starting a hobby can be a great way to escape the monotony of home life and make it more interesting. Try it and we’re sure you’ll find new purpose in life.

Do you invest? Feel free to share your tips and experiences in the comments!

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15 Comments

  • Reply Coi June 23, 2016 at 6:47 pm

    Great read! I want to invest, but I don’t know how it goes and where to start :/
    Coi recently posted…Review: Bubble Man Dish Washing LiquidMy Profile

  • Reply Michi June 24, 2016 at 9:34 am

    I guess investing is for everyone but a lot of people don’t know where and how to start. I’ve seen a lot of mompreneurs who have businesses that started as a hobby.
    Michi recently posted…Playmat for KidsMy Profile

  • Reply Berlin June 24, 2016 at 9:16 pm

    I believe there are many ways on how to invest and there are so many opportunities, its only Many arent aware on how to start. I hope there would be more seminars on financial independence and the like. Perhaps those momtrepreneurs would come up with seminars to help others push and start their hobbies into business.

  • Reply tina perez June 25, 2016 at 7:14 am

    based on experience, I am pretty ok with time deposits. its low risk and doesn’t need a lot to start with. but recently, been lured to unit investment trust fund. money market is low risk, while equity is medium risk. recently, the equity plummeted around 10% and i was afraid. but it is slowly recovering now. lesson learned: investments if it goes down, it will definitely bounce back later. when its down, dont despair, instead invest some more.

  • Reply Jackie June 25, 2016 at 1:33 pm

    Hi Maan,
    I found this a very helpful post. I’m currently a SAHM looking for opportunities to earn a little money, and these are good tips for me. Thank you. 🙂

  • Reply Maine @ MomsterTeacher June 25, 2016 at 6:10 pm

    This is something I want to know more about. Ako naman, I chose to invest in investments like Sunlife & Prulife because of the medical benefits. It’s important that if ever something happens to me, I won’t scrimp on medical expenses “para tipid”.
    Maine @ MomsterTeacher recently posted…Allergy-Free Raviv at KidzaniaMy Profile

  • Reply Liz A June 25, 2016 at 10:24 pm

    I started with my investments in 2008. First two things I did was to buy a small lot in my hometown then started on VUL. The lot has been fully paid for a few years back and my VUL will be having its 10th year anniversary in two years’ time. Last year, I started investing in the stock market. I still have a long way to go but I am actually glad that I started when I did because now, I am struggling financially but I am hoping to bounce back by next year.

    Thanks for the ideas. I am in need of a new income source and somehow, this is making me look into other things I never considered before. 🙂
    Liz A recently posted…Breastfeeding in a Modern World by Baby & MeMy Profile

  • Reply Nilyn Matugas June 27, 2016 at 1:23 pm

    I’ve been wanting to know about forex trading, mutual funds, all those stuff but I don’t know where to start lol! I’m asking my friend from time to time about it but I still can’t grasp it! haha.
    Nilyn Matugas recently posted…Sundayvotion: 5 Verses about HardworkMy Profile

  • Reply Ma.Me.Mi.Mommy June 27, 2016 at 1:25 pm

    It’s a good thing that technology has made a lot of investing info available and accessible to everyone. I’ve been hearing a lot about all sorts of investing but I haven’t really junped the gun on it.
    Ma.Me.Mi.Mommy recently posted…Dry-Aged Beef at Wolfgang’s Steakhouse, a Must-TryMy Profile

  • Reply Celin Hiwatig Mendoza June 27, 2016 at 2:43 pm

    I haven’t experienced forex trading BUT I’m ver business minded! Halos lahat na atang klaseng business pinasok ko na haha. Now I’m into personalized and customized items. It is very important na marunong ka humawak at magpaikot ng pera. Read, participate in discussions on how to manage finances. This is a very informative post and bagay na bagay sa ating mga nanay.

  • Reply Jerzee Benavente June 27, 2016 at 10:38 pm

    Trading is very risky if you’re not knowledgeable about it. However, you may invest in mutual funds first instead or go for blue chips if you wish to venture in trading.

  • Reply Peachy @ The Peach Kitchen June 29, 2016 at 5:11 am

    Thanks for the tips! I’m still trying to think about a good investment and what business I should dive in.
    Peachy @ The Peach Kitchen recently posted…S’mores DipMy Profile

  • Reply Neri Ann June 29, 2016 at 1:35 pm

    Haven’t heard about Forex trading though I am into investing na din. Well mother’s should also know how to invest even if their working at home. They can also try other investments that doesn’t require big down payment.

  • Reply Denice June 30, 2016 at 4:25 am

    I am the one who budgets for our expenses at home. E is more confident in the way I budget kasi and he says that I am kuripot so it will be best. As for investing I dabbled on it a bit 2 years ago and haven’t had the time to continue it since we are focused now on our wedding so maybe after. 🙂 Stock trading isn’t that hard you just need tine to study it.

  • Reply Laurel Santos October 18, 2016 at 2:08 pm

    Being a mother can really be challenging, you’ve got a hand full of things to do. Thanks for giving us tips on how we can be financially independent. Salute!

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