A single mom on a budget will have ups and downs. However, the budget itself might be the problem.
This may seem confusing. You came to this page to get a single mom budget.
I’m now hinting that you might not even need one. We should first look at your situation to find out the truth.
If you’re not 100% sold on the idea of budgeting in the first place, you’ll never stick to it.
Are you saving for a big-ticket purchase? Or do you feel too like too much your money is not accounted for?
These are questions that need to be asked and answered to give yourself the best chance to succeed with your budgeting goals.
There’s an old adage you might have heard before. It doesn’t matter how much water you put into a pot that has holes in it. Doesn’t matter how much money you make if your spending puts holes in your paycheck!
How many times have you heard someone say, “I need to make more money?” How do you know you should make more money?
Like many Americans, single parenting or not, you might just spend too much money on stuff you don’t need. Get a worksheet to get a picture of how you spend. Or you can just write down what you spend monthly.
You’ll be surprised at what you find. You might be spending $30 a month on app and game upgrades. Can you afford to be doing that?
Some people pay higher bills for the simple reason of brand loyalty. Will that
company be loyal to you?
Look for cheaper services with the same quality and don’t be afraid of change, especially with cell phone bills.
Pay bills online- Why do you pay a fee to pay a fee? That question is odd even writing it, so I know it doesn’t make sense to do it.
Shopping online- You can get a better deal most of the time by just switching your shopping habits. Hint. There’s a reason why people sell coupons on eBay.
Couponing- This has stood the test of time. Mainly because it’s a win/win for both parties. Many single moms take this very seriously.
Loyalty programs- If you’re going to be loyal to a brand, save money doing it.
Earn Cash Back- When I make a purchase on eBay, I get eBay bucks that I can put towards any purchase I want later. Find these programs to save even more money shopping online.
Use technology- There are many apps that send out price savings alerts. Discover and use them to your advantage.
Buy Bulk- I would only buy bulk with products I use most often. This can backfire if you buy too much of items that will just take up shelf space.
Social Media- You can find groups that are geared to helping people save. Like a group that hosts coupon parties.
Drink Water- It doesn’t have to be bottled water either. Unless the water in your region tastes disgusting, why do you spend so much money on water?
Do it Yourself- Learning how to do tasks rather than pay for them can be a great way to save money. You can also gain other benefits. Cutting the lawn yourself can save you money and provide a decent workout.
Try this experiment. Look in your closet and find clothes you haven’t worn in a year. If you can find an item that you know you only wore once, then you should definitely be more aware of why you buy stuff.
I think we’re all guilty of trying to impress another person in some form or fashion. If a $500 car note is going to kill your paycheck, maybe you should buy a cash car until you can do better.
You might be insecure about it, but you won’t be angry when your check comes and you get to keep most of it.
Anyway it goes, you probably would like to make more money. Unless you have achieved your own financial, this might not be such a bad idea.
The problem is making money without sacrificing all your time. Numerous ways exist for you to earn what you need without taking on another job you will hate.
When I first started to learn how to make money online, I was lucky to come across this platform early on.
You should do what works for you, but definitely do the research.
You should track your progress at least monthly. Try to spend at least an hour a month analyzing your budget.
Anybody can do one hour a month! Now if you’re making progress I believe you should definitely give yourself a treat.
Small rewards will be fine. It's easy to find an excuse to do something extravagant that will blow the budget.
There’s no harm in that. Make sure to hit some goals first, or this could set you back even further.