Single Mom Budgeting on a Limited Budget

I was looking for information about how single moms can budget their sometimes limited income. 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 take the percentages and apply it to your situation. Amounts shown could increase because of Earned Income Credit, government assistance, child support, or food stamps.

From Crown Financial Ministries

 

 

About the author

Samantha Gregory wrote 794 articles on this blog.

Samantha Gregory has been encouraging single moms to learn how to thrive and not just survive the single mom journey. She is a coach, mentor, writer, mobile app developer, and mom of two. Hire her for your next project by calling 404-939-6179 or email samantha at richsinglemomma.com. Connect with her on Twitter, Facebook, Google+">Google+, and Pinterest.

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