As kids grow older, it is essential that they know the value of a dollar. Usually when people say this they are referring to their kid getting their first job. But in retrospect, kids should be taught the value of a dollar and how to stretch it before their first job! Applying the following steps will ensure that your kids will learn how to become financial savvy.
Around the age that your kid becomes more aware of their surroundings and curious about everything, sit them down and have a chat with them about money and finances. First, involve your kids in creating and maintaining a budget. It’s a good idea to do this because the older they get the more money they will want. Second, kids should know how the money is spent. This will allow your kids to be more sensitive to money limitations, and maybe not ask for that really expensive toy in the window. And third, kids should know approximately how much money is coming in, and how much has to go out to maintain life. When kids know this information, they will be more sensitive to your role as the provider.
Knowledge about financial obligations might encourage kids to find ways to earn money on their own at a reasonable age. Not only will teaching your kids to become financial savvy be beneficial to them, but it will also encourage you to practice what you preach. In this economy, it’s always best to learn and save together as a family.
Is having self-care very important to all of us. Yes, of course it’s very important for each of us to have a self-care because it will result in having a physically fit mind and body and it will lead us to a happy and healthy lifestyle. Therefore, you need to prioritize your life to prevent being overwhelmed and you must determine the five important areas in your life like yourself, your children, career, social life, church, volunteering or etc.
The first thing you need to do is to order your priorities from the most to least important then, within each; decide what activities you normally engage in then prioritize those.  And if it is not a priority, say ‘no ‘and try to decide later if it is worth adding to your list of priorities. When you feel overwhelmed simple step back and walk away or run for a little while to prevent mental and emotional overload. Take a day off to regroup your life and mind and to make it possible take a half-day off if a whole day is possible and then those few hours will do wonders for your soul and lastly you must use the time to pamper yourself.
Remember that when mommy feels good everyone feels good too, right? So dream high, set attainable goals and decide when, where, and how to track your effort to reach them. Â You must maintain positive friendships and never forget the old ones and never be afraid to make new ones. And you have to realize the freedom in independent decisions and try to learn from your mistakes to avoid repeating them in the future and you will see that you have save yourself from much aggravation. And if you have made some mistakes to yourself or to other people try to forgive yourself and move on because forgiving yourself will releases the guilt and allows you to move-on with a positive way.
The next step you need to do is to follow your unique path by making things that you enjoy most because all work and no play make life much too stressful and you need to pamper yourself more often by lavishing yourself with wonderful smelling fragrances, taking a bubble bath, getting a massage or nails done or any other inexpensive things that may suite you and relax you.
You should also remember not to get hard to yourself because we are all just human being so it simply means that we are not perfect so we must accept it and try to move ahead after each of our failure. And lastly you need to find your personality style because discovering your personality style is the first step in discovering who you are.
Do you have trouble with spending your own money? Just about everyone, whether you’re a single parent or just single, at some point has trouble keeping their finances in check. Today, money can be tight and a very scarce thing. That’s why controlling your spending is the most key thing to those who can’t seem to hold on to their last penny!
Many people have different ways of keeping their finances in check, but not everyone gets to that point of making personal changes to their spending habits. To start managing your finances, first develop a spending plan to avoid overspending. You can do this by making a list of things you need, and afterwards assign a dollar amount to each thing listed. This way you can stick to a stricter plan and be more in control. After you’ve done that, get a few previous bill statements for things that you’ve paid for in the needs category for things like food, clothing, transportation, etc. Once you’ve done that, look at your bank account online for ready access to your funds and statements. This will allow you to match you list to what you have in your account already.
Managing money is more of a necessity nowadays to staying afloat in this economy. If you want to survive and make every penny count, following these steps will surely get you on a healthier financial track. And if you’re lucky, you can squeeze room in for splurges and more elaborate forms of entertainment and treating yourself!
One of the first single moms I found online who was successfully running a business is Kelly McCausey. She was doing things that I wanted to learn how to do. In short, she was my inspiration.
Kelly took time to chat with me about being a single mom and reinventing herself once her now grown son moved out. She shared her struggle with finances for quite a while after getting divorced and the amount of debt she was in.
If you are struggling financially, Kelly will be a source of inspiration and motivation to turn things around. She shares an amazing resource she used to get out of debt. Listen in to see what it is.
Kelly now is the host of SoloSmarts radio show and owns SoloSmarts.com. You can get her free guide on the site.
To contact Kelly pay attention to this information:
After you finish listening leave a comment below about the show. Are you struggling with your finances? Have you found a way to make more money, start a business, or get out of debt successfully? We want to know.
Samantha A. Gregory is an author, consultant, and speaker. She’s a single-mom lifestyle, money, and parenting expert featured in The Washington Post, The New York Times, Essence Magazine, HuffPost, ABC News, and Mint.com.
Samantha founded the award-winning RichSingleMomma.com™, the first online magazine featuring personal finance, parenting, and personal development content and courses for single moms.
She aims to inspire women who are ready to thrive and not just survive in their single motherhood journey. Connect with her on Instagram @richsinglemomma.
Liz Becker joins me to discuss her life after split and how she managed to get a divorce in 3 weeks! But that’s not the best part, Liz shares how she went from near poverty to prosperity because of a few key decisions she made for herself and her son.
Listen in to learn how you can get through the relationship grieving process quicker and move on with your life successfully!
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About Liz:
Liz Becker is a Certified Life Coach specializing in divorce and parenting. With her expertise as a Licensed Master Neuro-Linguistic Programming Practitioner, Liz equips her clients with unique tools and techniques to achieve positive change and balance in their lives. In 2007, when her son was just three, Liz herself successfully navigated through her own divorce. As a consequence she now finds great reward in educating people on how to best cope with their own situation, guiding them to be the best parents they can be during one of life’s most challenging times and beyond. By combining her diverse life experience, NLP Training and a firm belief that happy parents make happy kids, Liz has devised a formula that produces consistent results for her international client base. Liz is also certified as a Motivational coach and Social and Emotional Intelligence Coach, and is a member of the International Coach Federation.
Samantha A. Gregory is an author, consultant, and speaker. She’s a single-mom lifestyle, money, and parenting expert featured in The Washington Post, The New York Times, Essence Magazine, HuffPost, ABC News, and Mint.com.
Samantha founded the award-winning RichSingleMomma.com™, the first online magazine featuring personal finance, parenting, and personal development content and courses for single moms.
She aims to inspire women who are ready to thrive and not just survive in their single motherhood journey. Connect with her on Instagram @richsinglemomma.
Hi! Welcome to RichSingleMomma.com. I started this website almost a decade ago because I couldn't find any blogs back then that helped single moms with money. I was having some success in that area so I decided to share what I knew about side hustles, making extra money, and managing money. Read more...Â
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