Being a single parent is hard enough without worrying about budgeting your money.
Juggling work, kids, and a household can be challenging – but it doesn’t have to be problematic when it comes to money.
Budgeting is essential for anyone, but it’s crucial for single moms. When you’re the only one bringing in money, you must be extra careful with your spending.
Playing catch up is the first thing (and most important step) in budgeting for single moms. You can’t budget appropriately until all of your overdue bills are caught up.
As the head of the household, it’s now your sole purpose to balance the finances. To make that happen, you need to get your head out of the sand and know your numbers.
The first step to budgeting is creating a realistic budget. I can’t stress the importance of having a budget for single moms. Because it’s all falling o your shoulders, there’s nobody else to count on or blame.
After you have a budget, it’s time to cut unnecessary expenses. It’s important to find areas where you can save to put more money toward your family’s needs.