What is your relationship like with money?

[Mumsworld112]

I’m currently a SAHM to my twin boys.
I feel now my relationship with money whilst being on mat leave and getting a UC top up is quite frugal- I only really spend when I need to and DH covers all bills.
I used to be quite free with money but since having the twins I get more weary about saving money for them and for us in the future rather than treating myself now.

I was just interested to know what other mums/ people’s relationships with money is like?

Growing up all the relationships I saw with money were really shit - constant debt, constant borrowing £20 here and there, no thought to the future. I opened my first CC at 18 and racked up lots of debt quickly.

Calmed down at 21 when I found out I was pregnant - paid everything off, taught myself everything I could about personal finance and started living pretty frugally. Salary kept increasing as I job hopped and was promoted, and I continued living fairly frugally (£300 'fun' money a month) and put everything else into a pot for a house deposit.

Just now at 27 have bought my first house. I've had a really quick succession of promotions/job changes that have resulted in an unexpectedly high salary and a few massive bonuses, so I'm more than comfortable and now I've purchased our home I have gone off the rails on spending a bit the last 6 months 😂 Need to start actively saving again as I've very much been spending every penny I have in my current account (still have prior savings untouched though) - my plan for 2025 is to find a balance between frugality and also embracing the pros of being a high earner and relaxing a bit with spending!

This is exactly me. I have a decent amount of savings before having my twins and I am also trying to find a balance between spending on anything/ everything I like lol and saving sensibly too.

Have you declared your savings to UC? I think there is a limit you can have.

Very frugal (sometimes tight which I am trying to address). We didn't have much growing up and in my 20s I did get into debt. I married a man who splurged money which also added to the debt. I put it all right but vowed never to live beyond my means again and make sure I had savings for back up. For me money means security.

Brilliant. I love the stuff and always have. I have always saved regularly I to tax efficient investments and bought a house really young for equity/capital gain and boosted my pension as much as possible before DC.

When I was a SAHM, I bought what we needed and gave DH a monthly bill with receipts and everything itemised. He then wrote me a cheque.

I buy nice things but not excessively.