Back in June I spoke about Mastering Your Money Mindset at the Arise Ministries Survive ‘n Thrive conference. In part of my talk I discussed financial stress and child support challenges.
The video below is an excerpt from that segment. I’ve written posts about the child support issue before. It is challenging to hear but is a very necessary conversation to have if you want to get past the financial stress and into financial freedom.
Read the book listed below on this topic where I share more details about what to do if you currently fighting for child support. The details below will help you make the decision to get the book or stay in a negative situation.
How to Win Child Support (or Walk Away and Be Financially Free)
Are you tired of fighting for child support and struggling financially?
Want to know the secrets to getting the support you need to raise your child without the financial drama?
Looking for help moving from financial dependence on a deadbeat to financial independence using resources that are available to you?
It’s time to download this ebook and discover how you can finally be financially free.
The truth is you can have 10 times more money by being financially free than you can by fighting for child support.
Download How to Win Child Support (or Walk Away and Be Financially Free) now to learn how.
Inside this ebook you will learn:
How Manage Your Finances During Divorce
5 Reasons Why Fighting for Child Support is a Lost Cause
How to Move Past Anger and Live Like a Queen
How to ignore your baby daddy?
Why Child Support Dependence is a Financial Dead End
You will also get this Special Bonus:
Scripts for asking for child support (and how to talk to the father)
Click the button to download your guide to winning child support now!
[purchase_link id=”16282″ text=”Add to Cart” style=”button” color=”green”]
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.
It seems to me that the words “teens” and “savings” are on opposite ends of the spectrum. Well at least with my kids. In a time when there is easy access to just about everything and endless marketing messages, saving is the last thing kids are thinking about. The other side of the coin is that kids technically don’t really need to save for anything because many kids get whatever they want from doting parents (I’m talking to myself here too). Work, sacrifice, and waiting seem like foreign concepts. I’m not bashing teens, but rather bringing to light the barriers to savings they seem to have.
Empowering Teens to Get Into the Savings Habit
Getting in the habit of saving is not something I’ve pushed very hard. That said, I want my kids to learn responsibility with money so I’ve done a few things to help them see the importance of saving. My problem is that I love giving them awesome things no matter how large or small. I love surprising them and seeing their faces light up. I almost think it is an addiction. But I’m recovering because I see that giving to them all the time instead of letting them earn and save for what they want does not warrant gratitude. That is what I really want them learn; how to be thankful and appreciative of what they get.
Lessons I’ll Use to Empower My Teens to Save
So my lesson begins in teaching them how to save. I read an article on the Regions Bank website about this very topic. They offered great feedback that I’m sure I can begin implementing. They offer five tips to encourage teens to save money.
Develop a Savings Habit
Use Online Tools
Differentiate Between Needs, Wants, and Wishes
Establish a Financial Game Plan Together
Keep a Record of Spending and Savingoffer begin implementing.They offered great feedback article on REhat they get.
and save for what they want does not wa
Encourage the Savings Habit
When my kids get birthday or holiday money it’s tempting to spend it all in one place. My 14-year-old son just wants food and games at this stage in life. As long as he has food and a bed he’s pretty happy. Recently he’s been talking about doing paintball for his birthday so he said he wants to save for that. My daughter wanted an iPad when she turned 15. I made a deal with her to save her birthday money and any other money she made to pay half for the device. She agreed and kept up her end of the bargain. I paid the other half and insurance. She still holds on to her precious iPad today even though she complains that it’s a bit outdated. She will always remember saving for what she wanted.
Online Banking
I’m big about banking online and being connected. I use tools like my bank app and Mint.com. My daughter is connected to our bank and can check her account balance when she needs the information. She can also see her savings account amount. I’ll have to set up an account for my son on my account and start letting him use his card and track his expenses. This is a good habit to start.
What they Want vs What they Need
Paintball is definitely a want for my son. Like I said before, he is all about playing games. He hasn’t hit the “gotta look good for the ladies” stage just yet. So buying clothes, shoes, and cologne is not a top priority. He’s not into designer sneakers so that has saved my budget. He loves getting new shoes when I get them but doesn’t make a big deal out of it.
My daughter on the other hand loves new clothes, make-up, and electronics. She wants them but is still working on making the most of her current wardrobe. She has had a wakeup call recently since she drives her own car now. Clearly she feels the need for gas, maintenance, and registration fees. She feels the pain each time she goes to the gas pump so her trips are few and far between; even to the mall. She has said she needs to save her money for when she goes to college and needs gas money. Savings for her will be kind of forced after all.
Planning for Their Financial Future
As they grow and their needs change in the process, we will need to talk about their financial future. My desire is for them to learn about business and entrepreneurship. They have it in them to use their creativity to provide a product or service. My daughter has dreams of being a private pilot. It will require a pretty large chunk of money to go through the final classes and do her test flight.
In the long term they have goals of finishing school and training for their profession. We will plan to sit down and discuss those goals and come up with a financial game plan.
Recording their Financial Activities
When I grew up I learned the basics of how to track my income and expenses using pen and paper. A simple ledger was enough to keep up with my allowance and payments for my small business. Today there are several options for recording financial activity. As part of my son’s curriculum he will learn how to record income and expenses using a simple spreadsheet system. It will be a great start and help him sharpen his math and critical thinking skills.
Empowering my teens to save and manage their money is a good first step to empowering them through life. They will feel in control of their finances and be able to make good choices throughout their lives.
This post was sponsored in part by Regions Bank. The content and opinions are my own.
Images by StockImages, suphakit73, and adamr at freedigitalphotos.net
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.
It’s been seven years since my divorce and occasionally I think I’m ready for a new relationship. The problem is I am something of a home body and don’t really like the thought of going “out”. It’s time consuming, expensive, and way outside of my comfort zone.
My daughter thinks I should get out and meet people. I suppose I should be but it all feels too hard for me. I’d rather be behind my computer creating something wonderful for you! 🙂
The loneliness begins to take a toll after a while though so what’s an attractive, smart, and slightly bitchy assertive woman like me to do?
I’ll tell you.
Discovering Online Dating Sites
A few years ago I discovered dating sites. It was almost like discovering fire!
I was initially turned off because of the horror stories I heard.
But as the years went by I began hearing (and meeting) people who were actually meeting and marrying people they met online. Just the other day I met a lady who met her husband online so there are a few success stories.
I began to experiment with the idea then got the nerve up to actually join a site, write my profile, and post a picture. I waited and sure enough I began to get messages. The problem was I couldn’t read them because I had to become a full member first. 🙁
I tried a few different sites and learned a lot of lessons in the process. With my budget at the time, I needed to find free dating sites. It was risky but I had to go through trial by fire if I wanted to meet someone.
I had to implement a few things to weed out the duds including:
Making my intentions clear
Creating a clear, concise, and compelling ad
Sticking to and communicating my boundaries
Following my intuition
Being my authentic self
One site I’ve used is:
PlentyofFish (POF)
Pros
Definitely PlentyofFish on this site from every corner of the globe it seems so you are going to find someone in your neck of the woods
Easy set profile set up. I think it may take about five minutes but I took longer because I wanted a more complete profile.
A great option if looking to date seriously as the search options range from casual to looking for marriage
Features a forum to meet people and talk about the single life or connect with people with the same interest
Great app to check out profiles and your messages as well as respond on the go
Location based results. I was a little freaked out when I was traveling and got messages from people in the city I was visiting. I suppose it’s good if you want to meet someone locally.
Cons
You have too many people to choose from. Too many choices can keep you and a potential date from making a decision.
May run into a few creepy people. Be sure to vet them carefully and follow your intuition.
In part two I’ll discuss other online dating sites and Online Dating Strategies that Works (for me at least 🙂 )
This article was sponsored in part by PlentyofFish.com but the experiences and opinions are my own.
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...