As a parent raising your kid(s) all on your own, you must be aware of the financial difficulties faced by single parents in general. The entire experience of dealing with all the troubles of parenthood on your own might as well be quite traumatizing for you. It is believed that most of the single parents are always living on the edge of the financial rope—simply because the entire family is run on one salary instead of two. If these single parents are not really ready to live beneath their means, keep track of their finances after every single expense and stick to their budget thoroughly then it becomes difficult for them to meet financial emergencies or for that matter overcome possible financial setbacks like pay cuts, job loss or medical emergencies. Go through the post in a bid to know how single parents can organize their finances.
Browsing Tag
single parents
For Sarah Roe, saving money has become a way of life. As a money-saving single mom, she shares a few tips about how she manages her expenses with a frugal budget on her popular blog MoneySavingQueen.com– it includes simple solutions like freezing extra food, lowering your bills or educating your kids about money. Something most, if not all of us, can do!
With Christmas round the corner, the fact that household budgets skyrocket in December is no secret. The pinch on the pocket is felt harder by single moms who have to save to spend on ‘extras’ during the holidays- new clothes, gifts and decorations jostle for space along with priorities like rent, gas and groceries.A few spare dollars always come in handy for last-minute holiday purchases.