money management

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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6 Life Hacks to Make Parenting Much Cheaper – Single Mum, Parents Article

Being a parent is a blessing, but it also can get pretty expensive. I love being a mom, but I also don’t blame people who say they want to put off having kids until they get more money. Reports showing that the average cost of raising a child can be $233,000+ could be enough to scare anyone. Still, it’s important to realize that those numbers are just estimates and everyone’s situation is going to be different. You still raise healthy…

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19 Ways to Save Time and Money So You Can Be More Productive – Single Mum, Parents Article

We tend to focus a lot of our energy on money but time is also a precious commodity. It seems to slip away so quickly, and I often find myself trying to slow the clock, savor a moment, and relish the present. Along with finding new ways to save money, I’m constantly aiming to save time as well. My goal is always to spend less time doing the things I have to do, so that I can spend more time enjoying the…

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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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How to Create a Single Mom Low Income Budget – Single Mum, Parents Article

I was looking for information about how single moms can manage on a low income budget. It’s easy to find information for two parent households but rarely for one parent households.I found something that might be helpful for single moms (with one child) who make less than $25k a year. The following image shows the percentage that could be spent for three income amounts. They are broken up over about 10-15 categories.If you make more or less you could still…

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How I Became a Work from Home Single Mom – Single Mum, Parents Article

In the past couple of weeks I’ve been asked several times by different people how to get started working from home. I don’t hold much back when it comes to that. I’ve told you exactly how I’ve found my jobs, what works for me, and even how much money I make. It’s taken me two years to get to where I’m at today and I still have a long ways to go. Making money from home isn’t easy but I…

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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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