In 2013, working mothers prioritize being a better mother (29 percent) over being a better employee (2 percent). Yet, a majority of working mothers (55 percent) say they will strive to be both better mothers and better employees.Moreover, balancing work and family is the top challenge working moms (54 percent) face in 2013, and only 14 percent think they are good at both being a mom and a good employee. 2013 priorities: saving money, advancing career and improving financial well-being Despite their financial savvy, 46 percent of working mothers say paying off debt is one of the top challenges lying ahead for them in 2013—second only to balancing work and family. In line with the rest of the nation’s financial and economic concerns, working mothers’ top priorities in 2013 are centered on a set of financial objectives: saving more than last year (56 percent), making more money (54 percent), and putting more money into their kids’ college education funds than last year (36 percent). Working mothers appear determined to improve their financial and career prospects in 2013, with 23 percent having set their eyes on getting a raise, 16 percent on getting a job with better pay and more responsibility, and 13 percent on getting a promotion. "The beginning of a new year is the perfect time to reflect on budget priorities, learn lessons from last year, and put in place a plan that will enable working mothers to reach their financial goals," said Bhatt. Working mothers were reasonably successful in keeping their 2012 resolutions: In 2012, they were most successful in keeping the following resolutions:
- Eating healthy (37 percent)
- Exercising regularly (34 percent)
- Saving more money (27 percent)
- Attaining a better work life balance (27 percent)
Common techniques working mothers use to teach kids how to manage money are: teaching them to look for bargains (64 percent); teaching them basic arithmetic and investment techniques, depending on age (50 percent); and teaching them to build a budget for things they want/need (49 percent).Working Mother-Chase Slate Survey Methodology The Working Mother and Chase Slate Life of a Working Mother: Career, Family and Finances survey was conducted by Working Mother magazine online between Dec. 7-19, 2012, on behalf of Chase Card Services. The survey was emailed to a nationally representative sample of working mothers, who are readers of Working Mother magazine, to gauge their expectations and goals related to work, home/family and finances in 2013. A total of 822 usable questionnaires were received from respondents at the close of the survey. About Working Mother Media Working Mother Media, a division of Bonnier Corporation ( bonnier.com), owns Working Mother magazine and its companion website, workingmother.com, and the Working Mother Research Institute. The National Association for Female Executives ( nafe.com) and Diversity Best Practices ( diversitybestpractices.com) are also units within WMM. About Chase Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.