Blog Posts

By Jessica Kmetty

Life moves very fast these days. Between juggling schedules for multiple children, personal commitments, professional commitments, and squeezing in some “me-time”, the need for flexibility in our lives as moms is crucial. It’s crucial for happiness, yes, but sometimes it’s crucial just for existence. It’s no wonder that so many women are taking their careers and finances into their own hands and building businesses that allow for this flexibility. The Survey of Business Owners data shows that 9.9 million US firms are women-owned, they’re generating $1.4 billion in receipts, and nearly 90 percent are nonemployer firms. Mom-bosses are following their passions, doing it for themselves, doing it for their families, and succeeding in ways they always knew were possible. As a mom doing all these things myself, I am sharing my top financial tips for the savvy mom-bosses out there:

Financial envy is even more of a thing now than it was back in 1913 when cartoonist Arthur R. “Pop” Momand debuted the comic strip “Keeping Up with the Joneses,” which centered on the misadventures of Aloysius P. McGinnis and his family, who were always trying to keep up with their never-seen neighbors, the Joneses.

Today, we not only have television shows displaying lifestyles of the rich and famous, we’re punched with images and status updates in social media, too. We not only see the “Joneses” on television, but we are likely connected on social media to colleagues and friends who post frequent photos and statuses about their new luxury car, boat, or 3-carat diamond ring.

Every year around tax time, reports of email phishing scams increase, though no season is immune to its own set of scams. Phishing is the act of using computers to fraudulently acquire sensitive information such as credit card numbers, social security numbers, and user names & passwords. To accomplish this, thieves will send electronic communications designed to look like they are coming from a trustworthy entity. One example of a recent phishing scam appears to come from the IRS: