Single Mother and Learning how to Save

Saving may seem easier if you were saving for a new car, or a vacation however when it comes to saving in general it may prove to be more challenging because you may not necessarily feel you are receiving a reward from it. However saving pays off, especially as a single mother. All you need to do is simply spend less than you make each month.

You are going to want to establish a budget. First, make a list of all your monthly income. Next, list all your monthly expenses. This will show you how much money you have coming in each month and how much money you have going out.

Now circle your three largest expenses. For most of us, they usually are rent or mortgage, auto expenses, and food. Sometimes this could mean, selling your house and buying something smaller, or taking the bus opposed to spending more money and maintenance on your car. Your main goal is to get your expenses as minimal as possible even if it means giving up things you thought you could never live without.

People will find that by moving to a cheaper geographical area, an older apartment, and walking rather than driving will immediately free up hundreds of dollars per month. If you were working a second job, the amount of overtime you were putting in before or hours spent at a second job should start to decrease. The money saved from using new alternatives should go towards paying off debt.

Another great money saving tip is to cook and make lunch opposed to hitting the drive through or picking up a pizza for dinner. You can save hundreds of dollars by cooking.

Its easy to cook and can be fun too. Borrow cookbooks from friends or your local library. You'll be quickly amazed at how much there is to choose from, starting with breakfast all the way to dessert. Try to make about five meatless meals each week for dinner, but don't skimp out on the protein. Some good sources of protein are scrambled eggs, peanut butter on crackers or toast, cheese and fruit, yogurt, lentil chili, and bean quesadillas. It's important to eat healthy to stay healthy. Try using tuna, which is inexpensive and tasty. Eat it with bread or toss it on a fresh bed of salad greens and it becomes a quick main course lunch meal. Add some vegetable sticks and juice or water and your lunch is nutritionally complete and inexpensive.

Also, in order to save money on food, it is important to decide what you really need and what you can live without. Such as a latte on the way into work or brand name products. Coupons can be a great source to cut down costs. Cutting coupons can be a time consuming task so as a single working mother you should have allow your children to help if they are old enough to use scissors so you can multitask by spending time with your children and cutting costs.

Clothing is an important necessity however; where you buy it determines the cost. If your children are young you can get great deals at local garage sales, and thrift stores since they are bound to grow out of them in a short period of time. You can also buy furniture and household items here. You can find great deals at discount stores opposed to spending more money for a name brand shirt that is most likely made out of the same fabric. Also if you have other children in your family such as nieces and nephews ask for second hand clothes.

There are easy ways to reach your goals by cutting costs. Whatever that trade off is, whether it be trading in your car for a bus pass or giving up your house for a more cozy older home or apartment, cutting your food bill by cooking instead of getting take out, buying generic brands, and skipping out on treats you don't necessarily need you can save costs and reduce your debt. You can put all this saved money into a savings, pay off debt, or treat yourself and child to something special that you both deserve! Stay motivated and committed and you'll be debt free in no time!

Kathryn Spencer specializes in advising young mums how to make a budget and has long authored educational and support pieces for women and single mothers. Kathryn is a contributing author and editor to a variety of international and domestic web sites, and free newsletters. Kathryn lives in the southeastern United States with her two children Dylan and Kalie.

executive chauffeured services Bradford .. Madison to Airport car
In The News:

Getting virus alerts on your iPhone? Tech expert Kurt “CyberGuy" Knutsson helps you learn how to handle fake scam alerts and boost security.
Tech expert Kurt “CyberGuy" Knutsson says opening emails is safe, but risks arise from interacting with links, attachments or HTML content.
Tech expert Kurt “CyberGuy" Knutsson reveals four signs of compromised Social Security numbers and offers five steps to protect yourself.
Tech expert Kurt “CyberGuy" Knutsson discusses how MAB Robotics' Honey Badger 4.0, a versatile robot, now walks underwater with amphibious skills.
An updated Android trojan called FakeCall hijacks bank calls. Tech expert Kurt “CyberGuy" Knutsson says Android phone manufacturers and Google need to step up their game on security.
The Massimo Modular E9 is a sleek, smart and comfy tiny home in 409 square feet. Tech expert Kurt “CyberGuy" Knutsson takes a closer look at what the future of housing might look like.
Every stock trader should consider a virtual private network to safeguard their trading, according to tech guru Kurt "CyberGuy" Knutsson.
Apple recently announced its new lineup of Macs and rolled out Apple Intelligence, its latest artificial intelligence-powered feature for its products.
A Swiss-engineered robot can climb ladders, showing why it's at the cutting edge of autonomous robotic solutions for harsh industrial settings.
Kurt "CyberGuy" Knutsson presents the cities targeted most by robocalls, why this is happening and what you can do about it to protect your privacy.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents
Kurt "CyberGuy" Knutsson shares tips and suggestions for how to get the best use out of the updated Calendar app available with the latest iOS update.
Your Social Security number, your unique identifier used for many purposes, has likely been leaked on the Dark Web; here are some steps you can take to protect yourself.
Researchers have developed a new technology that creates strong, sticky fibers capable of lifting objects and capturing things from a distance.
Smart rings track the same things that smartwatches do, including steps, sleep and a general overview of your overall health, and they tend have more battery life than smartwatches.
Researchers have developed a robotic finger that can perform routine medical exams like those conducted by doctors, helping to address the growing shortage of trained professionals.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Insurance administrative services company Landmark Admin reported that a data breach from a May cyberattack affected over 800,000 people.
Sotheby's will auction the first artwork created by Ai-Da, the world's first robot artist created in 2019 by British gallerist Aidan Meller.
More than 250 million users of the Verizon Messages app will have to switch to another app. Verizon is shutting down Messages in the next month.
Tech expert Kurt “CyberGuy" Knutsson provides a list of 10 celebrities who are the most targeted by deepfake scams, including Tom Hanks.
Tech expert Kurt “CyberGuy" Knutsson discusses how Vast's Haven-1, launching in 2025, transforms space living with human-centric design.
UnitedHealth confirms over 100 million Change Healthcare users had their data stolen. Kurt “CyberGuy" Knutsson reveals what happened and what caused the breach.
Tech expert Kurt “CyberGuy" Knutsson explains how iOS 18 brings new text formatting and animated effects to the Messages app.
Whether you're a social media veteran or novice, Facebook friend request scams are common. Kurt the CyberGuy provides tips to keep your account safe.

Saving Money - Are You Doing Enough?

It is estimated that we, as consumers, waste an average... Read More

What Happens if You Die Without Making a Will

If you die without making a Will in the UK,... Read More

Healthy Eating On A Budget

It is possible to eat a healthy, balanced diet without... Read More

Grocery Savings - Your Kitchen is a Goldmine!

Your food budget is the most flexible area of your... Read More

Vacations Made Easy: Buying a Florida Investment Property

Vacations Made Easy: Buying a Florida Investment PropertyA relaxing beach... Read More

Saving Money On Gasoline For Your Automobile

The gas that we fill our tanks with every week... Read More

Benefits of Personal Finance Software

In this age of information, keeping track of your finances... Read More

Save Money on Groceries: Part I

One universal of humanity, no matter who you are or... Read More

How To Protect Yourself Against Identity Theft

Identity theft is a serious crime that continues to grow.... Read More

University: A Course in Personal Finance

Recent findings from the Educational Policy Institute indicated that the... Read More

Why We Are Never Satisfied with What We Have

I have to admit, I do it too. I complain.... Read More

Reduce College Debt with Scholarships

Six Scholarship judges were sitting around an oval table. Forms... Read More

Bankruptcy Laws Get Tougher - More Expensive

If you've been thinking about filing for bankruptcy, your best... Read More

10 Tips to Make Sure Your Financial Budget Will Succeed

You've analyzed your past expenses, put them into spreadsheets, loaded... Read More

Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income?

Finding a stable and secure income that will come year... Read More

Safely Save for Your Childs University Studies Using An Education IRA!

This investment retirement account (IRA) is useful to you as... Read More

Check Facts and Figures

Are you a check fanatic? Don't worry, you aren't alone.... Read More

Budgeting -- The Critical Flaw That Causes Most Budgets to Fail

Budgeting. It's a word we're all familiar with. Everyone knows... Read More

Can You Afford Not To Look After Your Personal Finances?

Investing is a subject a lot of people don't want... Read More

I Want to Buy a Home - Now What?

If you were to ask 100 women "What would you... Read More

Personal Finance - Have Consumers Had a Belly Full of Personal Debt?

For months, we were trigger-swipe happy, putting our groceries, clothes,... Read More

Financial Security

1) HOW TO LOOK FOR A JOBA) The Chronological Curriculum:1.... Read More

Identity Theft is a Major Problem: Whose Responsibility is It to Protect the Consumer?

We have heard a lot about consumers' personal information getting... Read More

The Magic Of Compound Interest

Christians are called to be good stewards of God's resources.... Read More

Debt Management ? Watch Out for Bank Fees!

During the last twenty years, banks have offered a number... Read More

O'Hare Chicago prom limo ..