Budgeting

How to Budget with a Decreased Income – Single Mum, Parents Article

We all hope the day doesn’t come, but having an income decrease is a sad reality for many. Regardless of the reason, this can lead to a budget deficit which means you have more money going out than coming in. There are a few key things you can do to manage your expenses, even after your income has decreased. Here’s how to budget with a decreased income. See Which Expenses Can be Cut  The first step is to take a…

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8 Best Discounted and Free E-Learning Options For Kids at Home – Single Mum, Parents Article

Covid-19 has taken a huge toll on our nation and new announcements are being shared each day. One of the biggest updates is that schools have been closed in most states. Last Friday, my state’s governor made the decision followed by ordering all restaurants to not offer dine-in meals. If your kids are stuck at home for the next few weeks, they will likely get restless if they feel they have nothing to do. While you can always break out…

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How to Live on $28,000 Per Year – Single Mum, Parents Article

Want to reach financial freedom quicker? The key is to create more cash flow in your budget so you can have more control over how you manage your money. When I first started getting my finances in order as a single mom, my goal was to live on $28,000. This was not a choice. My salary at my full-time job was only $28,000 so I had to make it work. Let’s say you earn $50,000 per year though. Think of…

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Credit Management or Debt Settlement? #DSMLife #DSMMoney — Dallas Single Mom – Single Mum, Parents Article

If debt has become a problem in your life, you’re probably considering a number of different options for dealing with it — and several ways that you have discussed with your financial counselor. If you haven’t you should. Two of the most common ways to work debt are credit management and debt settlement. While both have certain elements in common, they also diverge in rather significant ways.  While either approach can help you get your debts back under control, there…

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5 Easy Ways to Get Cash Back Rewards – Single Mum, Parents Article

I saw my first cash-back credit card commercial several years back and it always seemed like such a cool concept. Earn money for making routine purchases that I’d have to make anyway? Sign me up! The only major problem with cash-back credit cards is that it’s easy to overspend and pay interest when you can’t pay off your credit card balance in full each month. This basically defeats the purpose of earning cashback because you’ll spend more money than the…

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10 Amazing Christmas Saving Hacks that Will Save You a Bundle – Single Mum, Parents Article

‘Tis the most spendy time of the year. And if you’re not careful, Christmas can go from super fun and cozy to full-out financial nightmare in a hot second. However, if you’re willing to put in a little legwork (and occasionally tell yourself no) you can have an absolutely amazing Christmas without ever stressing about money. Sounds good, right?  If so, get to planning with these Christmas saving hacks… Create an Amazon Shopping List to Stay Organized Ready for a…

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5 Clever Ways to Stop Spending When You Can’t Afford It – Single Mum, Parents Article

As the popular saying goes, the best way to double money is to fold it and put it back in your pocket. In other words, you can’t save money if you’re always spending it. For most people, saving is a lot harder than spending. There are so many daily temptations to spend money even when you can’t afford it. On the bright side, you can still reduce your spending even if you don’t want to feel deprived or limited. Here…

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Single mum money mistakes (and how not to make them) – Single Mum, Parents Article

Single mum money mistakes (and how not to make them).Stress, finances and single parenthood:  A complex concoction which can bring out the worst in any single mother.According to statistics (thanks Bureau of Statistics):‘Roughly 37% of single mothers live on an income predominantly from employment income, compared to 50% living mostly on Child Support and/or Centrelink.  The remaining receive income from various sources.’To generalise, the majority of single mothers have one income to bring up their family.  Which lets face it,…

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Planning for financial future with ElleVest and $25 to get started. #DSMMoney – Single Mum, Parents Article

When you go through a major life change or decide that now is the time to put adulting into good practice, you start to get very serious about your money and how it is working for… or against you. Founded by Sallie Krawcheck of Merrill Lynch, Smith Barney and Citi Private Bank to meet the need of serving women and their unique financial goals. She realized that women were being/ are being underserved and that we can do better. With…

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5 Charities That Help Single Mothers – Single Mum, Parents Article

There are times where a little help can go a long way. If you’re a single mom in need of financial help, going to a charity may seem like a cliche option. On the contrary, charities are put in place to offer resources to the entire community. Whether you need financial assistance, clothes, food, or other resources, there is likely a charity around that can help. Check out these 5 charities that help single mothers. Catholic Charities  The National Conference…

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