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Home Money Management Single Mom Budgeting on a Limited Budget

This entry is part 11 of 16 in the series Single Mom Budgeting

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

 

 

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