This is the first post in the Single Mom Money Tips series. You may already know about a few of these tips but there may be many you haven’t heard of.
I hope as you read you will make a point to apply them to your life. You will see a great difference and can begin taking control of the money flowing in and out of your life. Enjoy!
1. Develop a spending plan to avoid overspending.
2. The word budget conjures up the feeling of restriction and lack; so I like the word spending plan.
3. Realize that when you develop a plan you feel more in control and it’s easier to stop overspending.
4. Think about and list everything you need, and then assign a dollar amount to each item.
5. Look at past spending trends to get an accurate view of how much you spend for bills, food, clothing, car/ transportation, and entertainment.
6. Review your bank account online for a ready source for seeing where your money goes.
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.