top of page

Financial resources for mothers (US based)

If you are a new mother, you may be wondering what financial resources and benefits are available to you. Determining which ones you can access is a great way to gain peace of mind for the future, and a good place to start is by looking at public assistance programs that are specifically geared toward your needs as a mother. Here’s where to start:

  • Look into state medical insurance programs. Programs like Medicaid provide reduced-cost or free access to health care services, including doctor's visits, lab tests and screenings. The majority of states also offer coverage specific to pregnant women and their newborn children under the Children’s Health Insurance Program (CHIP), so it's good to know if additional services will be provided by applying through this program instead of regular Medicaid.

  • Research food assistance programs. If you’re struggling with affording nourishing groceries for your family, Supplemental Nutrition Assistance Program (SNAP) benefits can help cover the cost of food for households in need, allowing everyone within that household fair access to nutritious meals.

7 financial tips for new moms

New moms who are mentally and financially prepared for the birth of their baby will have a much easier time than those who aren't. Here are 7 tips to get you started:

  • Create a budget/savings plan. Setting and sticking to a budget should be a priority for new moms. It ensures that you'll be able to meet your financial obligations for things like rent, student debt, and food. When making your budget, it's also important to create an emergency fund in case something unexpected happens (e.g., you get into a car accident or lose your job). An emergency fund is usually 3-6 months' worth of living expenses (rent or mortgage payments, utilities, food costs) saved in a bank account that can only be accessed if there's an emergency -- not if you want to buy a new pair of shoes.

  • Pay off debt as quickly as possible. If you have credit card debt from the past or student loans from college, try to pay these off quickly so interest doesn't pile up on them and so more money can go toward savings each month. Student loan payments generally don't begin until six months after graduation but interest begins accruing immediately; if possible, try to make small monthly payments before graduation so by the time you graduate it will be much easier to pay off your student loan balance without having accrued any interest on it yet!

  • Invest in yourself: You may not think this has anything to do with being financially stable now, but investing in yourself now will help put money back into your pocket later down the road when it comes time for retirement! For example: taking courses that could lead towards earning certifications which would increase salary at work; signing up for seminars related specifically related directly towards career goals such as promotions within company structure; getting involved with professional organizations such as Women Presidents Organization (WPO) where women leaders come together via peer groups discuss business solutions over shared experiences - all types of investments allow growth & development personally professionally

Money saving tips for new moms

To be financially prepared for motherhood, there are five important things to keep in mind:

  • How to get discounts on baby items. One of the best ways to get discounts on baby items is through Amazon Family. This is a free program that allows you to save 20% off diapers and other household essentials if you're a Prime member, with no minimum purchase required. Also, if you have an extra phone (such as an old smartphone), you can use it as your “Amazon Household Phone” and take advantage of all the savings offers associated with Amazon Family. These include saving 5% on any purchases made using your “Amazon Household Phone” or receiving $15 in credit each time you spend $30 or more at Whole Foods using your “Amazon Household Phone.” You can also buy discounted gift cards through for other stores where you'll be shopping for baby items such as Target and Walmart.

  • How to get free baby items. If you know people who already have children, ask them if they have any old things lying around that they don't need anymore—they may be willing to give them away for free or at least sell them cheaply so they don't take up space in their house anymore! Another option is Craigslist: go online and look for freebies or postings where people are selling gently-used items for very cheap prices because they want someone else to enjoy their stuff instead of it going into landfill trash cans (like we see happen too often these days).

  • How to save money on food. The first thing that comes to mind when I think about saving money while still eating healthy foods is meal planning! When I was pregnant with my daughter, I did some research and found out that there are many different websites which provide weekly meal plans based on different diets (vegetarian/vegan/paleo/gluten-free). Each one will show what meals should be made throughout each day so I would

There are many resources available to help new mothers.

There are many resources available to help new mothers. The first place you should check for assistance is your own state government website, which should have a guide that shows you what programs and financial support systems are available in your area. You can also look at charitable organizations within your community and see if those offer any programs that might be able to assist you. If neither of the above options seem viable, reach out to your family or employer and see if they have anything that might help with the transition. Finally, contact your local bank or financial institution for advice on what funding resources are available for people like you in your situation.

1 view0 comments

Recent Posts

See All
Post: Blog2_Post
bottom of page