Finances are always a major concern for low-income families, especially when a new baby is approaching. So, what are some sensible solutions that mothers should consider for their families?

Earning 10 million VND per month – it seems like a lot, but it's still not enough.

Three years ago, when their first child was only one year old, a combined income of around 8 million VND per month allowed Ms. Hong and her husband (living in Xa La, Hanoi) to feel comfortable with their expenses. However, now that prices are soaring and salaries haven't increased much, the couple is constantly worried about finances, especially with their second child on the way, as the needs for the first child are much greater.

Ms. Hong works as an office employee for a private company, earning 4 million VND, while her husband, Mr. Hung, is a technical officer at a small garment factory, earning only 6 million VND. Their combined monthly income is only around 10 million VND, slightly more in months when they receive bonuses.

Ten million dong – a sum that sounds substantial, but for this young mother, it requires careful budgeting just to cover her monthly expenses.

Each month, after deducting rent (1.5 million VND), food (3 million VND), transportation and living expenses for both spouses at work (1.5 million VND), gifts for both sets of parents, and miscellaneous household purchases (2 million VND), the couple only has about 2 million VND left for their children's needs. Their philosophy is that parents can endure hardship and suffering, but they will never let their children lack anything. Besides kindergarten fees (1 million VND), essential needs for their children such as milk, diapers, toys, and clothes are always their top priority. However, due to limited resources, Ms. Hong can only afford to buy enough for her children and doesn't dare dream of having anything extra.

With the arrival of a second child, the cost of raising children will increase. This is clearly a difficult problem for a family with a low income like Ms. Hanh's, and finding a reasonable solution will be extremely challenging.

Budget solutions for families earning less than 10 million VND per month.

Cutting expenses is the first thing that low-income families like Ms. Hanh's think about. Eliminating unnecessary expenses, including those related to parents and children, helps free up some money for the children.

Besides cutting back on unnecessary expenses, the following cost-saving measures are also very helpful for many families.

Avoid spending based on your mood: Whether you're happy or very sad, you should never treat it by buying something. Sometimes, losing control of your mood can completely empty your wallet due to overspending.

Learn how to keep track of your finances: Tracking and recording your monthly expenses is the simplest way to easily analyze whether your income and spending are reasonable. Whether your income is high or low, you need to know your expenses first.

Plan your shopping wisely: This is the most important and effective solution that low-income families need to understand. Instead of impulsively buying things you need or don't need at the supermarket, create a specific monthly shopping plan and research where to buy things cheaper. Especially for mothers who are particularly concerned about their families and children, knowing which websites specialize in providing household and children's products is essential. These online stores not only offer a wide range of necessary items for the family and are easy to choose from, but they also often have special offers.promotional programSince it's a major holiday, mothers will also be able to save a considerable amount of money.

According to afamily