As a working parent, the reality sets in that a larger salary or better job would never be the answer to your problems. No matter how much money you make, you would never become financially free without financial discipline and strategy. In the face of rising expenses and bills, we go through strategies that work in a world that is constantly asking for more.

1. Plan before payday

The worst thing to do is to draw out your financial plan on payday. Way before you get paid, be sure to set aside a realistic amount that you can save.

Be sure that it is an amount you can comfortably set aside. It is okay to increase the amount as the months go by.

2. Keep a paper trail

You should keep track of what you earn and spend everyday. If you do this, there would never be any instance where you feel like all your money disappeared without a trace.

You can also get an app that helps you manage your finances and keep track of what you are spending.

3. Budget it

Once you set aside a percentage to save, the amount left is also very important . You should set out a detailed budget for the rest of your income. Put regular expenses like electricity, childcare and groceries down and allocate particular amounts to them. Most people fall guilty of going outside their budgets when emergencies pop up. The proper thing to do is to go to your budget and see where you would have to cut costs to fit the emergency.

Whatever you do, never give in to the temptation to raid your savings account.

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