Saving for our children’s future is very important to us as parents, however with the way the economy is these days it can be hard for some just to make ends meet. A new research study, MassMutual’s State of the American Mom, found that many Moms have strong hopes and convictions about providing financially for their families, but given the multiple demands of the life of a Mom, many also find it hard to achieve.
The priorities that are ranked at the top for Moms tend to be college savings, saving for retirement, managing day-to-day expenses and educating yourself and your children. During the survey/study, some Moms shared that they may feel overwhelmed about ways to start thinking about all of these things. I have to say that I can totally relate. As a Mom of 5 boys I have asked myself how I am going to be able to save up for all of my children. We don’t know what the future holds, and it would be really nice if we could have everything laid out all nicely for us, wouldn’t it?
Luckily, there are many places you can go to find info about saving money for your family. One place that might be helpful in starting your search is massmutual.com/familyfinances. MassMutual has actually created a cool new quiz to help Moms start thinking about their attitudes toward finances and how they can take small steps forward in the process of planning for their financial future. You can find the quiz below and it only takes a few minutes to answer the questions. This may be very beneficial to you in determining how you will save for your children’s future.
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