Smart Mom, Rich Mom

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SAVE (AND SPEND)LIKE A MOTHER

I have a friend on Facebook who routinely posts photos of her hauls at the grocery store, along with how shockingly little all those bags of chips and paper towels cost. While impressive—she usually brings home a full trunk load of items for less than $50—I can’t help but wonder if her effort is worth those savings. She spends hours clipping paper coupons (a habit she also shares with her Facebook friends) and then ends up with enough frozen pork chops to survive the apocalypse (as long as her freezer keeps running). Would her time be better spent on a more strategic financial task, like filing flex-spending receipts for health care costs or rebalancing her retirement investments? Will her family even eat all those ...