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.
Latest posts by Samantha Gregory (see all)
- Tooth Fairy Calculator - May 15, 2013
- The Avengers Teach Kids About Money - May 14, 2013
- Mother’s Day Gold Heart Charm Necklace Review and Giveaway - May 8, 2013