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My 5 Secrets to Fabulous Financials

Practical personal finance tips for busy moms

by Single Ma  |  12046 views  |  5 comments  |        Rate this now! 

By employing my Five Secrets to Fabulous Financials, I’ve been able to establish a healthy emergency fund, contribute the maximum to my retirement accounts (401k and IRA), contribute to BabyGirl’s 529 college savings account, own property, and enjoy a comfortable lifestyle – within “limits” of course.  How?  When you’re financially fabulous, you can have anything you want, as long as you also have discipline and determination.

About the Author

A working (single) mom and author of the personal finance blog Fabulous Financials @

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5 comments so far...

  • I am all about finances, too. I enjoyed reading this article and knowing I am doing the right things. It's been a rough couple of months (holidays!) and this article was a good reminderto stick to my savings plan.

    Flag as inappropriate Posted by Lisa Nelson on 2nd February 2008

  • Good points! Saving off of the top is definitely the way to go. It's too easy to keep spending any extra money if it's in a regular account!

    Flag as inappropriate Posted by Kim on 26th January 2008

  • Great tips. The automated-savings thing really works, and it's true that if you don't see it, you don't miss it. I also think the "balance" tip is really important - cutting back to the bone doesn't work well in either weight or money management.

    Flag as inappropriate Posted by Florinda Pendley Vasquez on 23rd January 2008

  • Great advice! When I first started working, my dad told me to contribute the maximum amount I could to a 401k plan and I would never miss it. That was good advice - I never missed it and have a decent amount saved in my 401k.

    Flag as inappropriate Posted by April Mims, Career Coach on 23rd January 2008

  • Sound advice. Thanks! It's so true that automated contributions to investments is the way to go, if you can swing it. It definitely eliminates the pain and the temptation. I think another good strategy is this: every time you get a raise, put the extra into your savings. You managed before, and you can manage now. All that lovely money can go into your nest egg. :)

    Flag as inappropriate Posted by Diane on 23rd January 2008