As a parent you are bound to face a few challenges but as a single mother you are bound to face challenges almost everyday. Raising a child is not meant to be done alone however today it is occurring more often then traditional value holders would like to see.
If you are a single mother trying to successfully raise your children you are among the many. There are a vast number of women that successfully raise their children. However there is also a great number of single mother's that must bear the burden of covering their own costs as well as their child's, all on one income. Whether you are working full time or going to school to better your education you have to make sure your child has proper care after school lets out or during the day while you are away. Whether this proper care is day care or a babysitter, they all come with costs. Many households today are faced with debt so it's not a surprise to see single parents in debt. With the stress of everyday life, it's important to not let your debt be ignored. Managing your debt right away is the first step, which is followed by finding out ways to reduce your expenses and paying the rest off. Answers to your questions and concerns about financial issues can all be found at the Single Mother Resources website.
There are many things you can do to make sure you stay out of debt or get out of debt fast. According to many sources along with singlemotherresources budgeting is a key factor in helping so many people get out of debt and stay out of debt. The core of budgeting is for you as a single mother to see your monthly spending needs and habits. The purpose of a budget allows you to track your personal cash flow. Your personal cash flow is how much money comes in and how much goes out. Once you make a list you are going to realize that you have a lot more money going out then coming in especially on unnecessary goods such as impulse buys at the grocery store checkout, or items that your children want. Instead of giving in and giving your child what he or she is asking for, it's best to tell them the truth that you can't afford it right now. Suggest that your child starts or continues doing weekly chores and in return you will give them a small allowance where they can save up for something they want. This way it will take the burden off of you each time they ask for something. Once they save up enough money they can buy it themselves and then feel as if they earned it.
As for yourself and your expenses you need to make a monthly budget and follow it. You need to have the will power to control yourself from buying unnecessary items at the grocery store or taking your children to the latest movie. Go see a matinee film instead where prices are lowered, and eat before going to the grocery store so you won't want to buy everything in site. Set financial goals for yourself and keep track of what you are spending. This way if you know Girl Scout dues are coming up, you can set a goal to put that money aside where you might have spent it on something else otherwise. Also by keeping track of what you are spending you might come to some realizations such as what you buy at the grocery store. Name brand products are just as good as generic minus the name so it's worth buying generic products; you'll be surprised in how much you save. Let your children be involved with budgeting as well. Have them make a list of chores they do and how much money they receive in return. They will see how hard work pays off. Keep in mind that owning something that you worked hard for creates something that no one can take away from you which is your pride.
Before you know it, you will be on your way to being a debt free mom and able to treat your children to something special. But remember, it's going to be difficult at first and you'll want to give in or give up, but in it's all worth it in the end. Single Mother Resources will help guide you to become a debt free mom as well as a successful mom in teaching your kids a valuable lesson in life; hard work pays off.
Kelly K specializes in advising young mums on personal budgeting and has long authored educational and support pieces for women and single mothers. Kelly is a contributing author and editor to a variety of international and domestic web sites, and free newsletters.
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareThe gas that we fill our tanks with every week... Read More
Now that we are in the month of June I... Read More
1. Lighting & Light Bulbs Install low energy light... Read More
So, you've made the decision to apply for a credit... Read More
It is possible to eat a healthy, balanced diet without... Read More
Millions of people have a checking account and many people... Read More
On the other hand, there are those people who are... Read More
Recent findings from the Educational Policy Institute indicated that the... Read More
Each of us knows how to spend money, but do... Read More
Chapter 7The potential chapter 7 debtor should understand that a... Read More
Ever wonder where address labels come from? Avery? is perhaps... Read More
Your boss has just informed you that your department is... Read More
Many people spend their little income haphazardly without any planning... Read More
Investing is a subject a lot of people don't want... Read More
Did you know that 43% of all married couples argue... Read More
If you want money you need to learn how to... Read More
Six Scholarship judges were sitting around an oval table. Forms... Read More
Good money management needn't be difficult. In fact, there a... Read More
This investment retirement account (IRA) is useful to you as... Read More
There is a new bill that is being passes, it... Read More
Gas prices have soared to unimaginable heights of late. Since... Read More
Finding a stable and secure income that will come year... Read More
You've analyzed your past expenses, put them into spreadsheets, loaded... Read More
Would you know what to do if you suspect that... Read More
Women are charged more for dry cleaning services. Don't fume,... Read More
Antigo wedding limo ..Millions of people give a lot of thought to financial... Read More
An avid cyclist and bike racing fan, I sit transfixed... Read More
If you recently became a single parent and see your... Read More
You no longer look at the pictures of homes cause... Read More
Australians, in general, constitute some of the worst savers in... Read More
Traditional checks probably won't disappear anytime soon, but processing checks... Read More
I've been sharing the following idea with people for a... Read More
This investment retirement account (IRA) is useful to you as... Read More
Doesn't it seem like the only impressive numbers we've seen... Read More
The judge had to ask the question, and we had... Read More
When people speak about the increasing age expectancies, they generally... Read More
Recently, many of these loyalty rewards programs have come to... Read More
What is it about being frugal, why do it at... Read More
Chapter 7The potential chapter 7 debtor should understand that a... Read More
It is crucial as an individual who is striving for... Read More
Gas prices have soared to unimaginable heights of late. Since... Read More
You have probably accomplished a great deal with your life.... Read More
There have been an estimated 9.9 million victims on America... Read More
If you've been thinking about filing for bankruptcy, your best... Read More
Have you ever wondered what it would be like to... Read More
We live in a crazy world. Someone ought to sell... Read More
When you received an energy (heating) bill last winter, were... Read More
I have been a loyal user of Quicken(R) for more... Read More
It is estimated that we, as consumers, waste an average... Read More
It's the little things in life that make it interesting.... Read More
Personal Finance |