Single Mom Money Tips – Creative Savings Techniques

by | Sep 14, 2011


Get creative with your savings techniques. Piggy bank, change jar, online interest bearing account, PayPal, mattresses.

All of these items and location are places to save your money. But it really isn’t about where you save it but how you save it.

For some the savings comes out in addition to tithe or other charitable donations. For others it comes out before taxes on the payroll into a 401K account.

Still others save all their loose change and deposit it when it overflows the container they are using. Whatever method you decide to use, the key is to be consistent.

Saving $5 or $10 per pay period or per month is better than nothing. Keeping it safe from your prying hands may be another challenge but when you commit to saving and you have a purpose behind it you will leave it alone.

So decide why you are saving your money, find a picture to keep proximately on your bathroom mirror, and start saving.

Single Mom Money Tips – Delay Your Instant Gratification

by | Sep 13, 2011


Learn to separate your wants and needs. I am yearning for an iPod Touch. I want that thing so badly that I have almost convinced myself that I need it.

The reality is that I have a perfectly good 30gig iPod classic. Sure the iPod Touch is the latest in electronic gadgetry and it is so cool, but I really don’t need it.

Sometimes it is hard to separate our needs from our wants. The reality is the only thing we need is air, water, food, and shelter. Okay we need clothes too, but the basics are few. The rest of the stuff is optional.

Single Mom Money Tips – Research for Quality and Price Before a Purchase

by | Sep 12, 2011


Research products or services online for quality and price before purchasing. Before you go out and buy a product or hire someone to do a job for you please, please check online.

When you research prices and quality of service you can same much time, effort and possible frustration.

How many times have you bought something then see it for a lower price somewhere else? Or how many times have you had work done on your car, hair, or house and someone tells you about someone who could have done it better and cheaper?

It pays to research when you want to buy electronics, appliances, clothes, and books. My favorite places to go online are Google, Amazon.com, ePinions, Znet.com, Cnet.com and a few others.

I get the inside scoop on the quality of a product and can get a good idea about how much it will cost. You can never go wrong with research.

Single Mom Money Tips – Use Barter Power

by | Sep 10, 2011


Barter with others including moms, small businesses, your health providers, etc. I am currently bartering my skills for valuable coaching services.

Bartering was the first form of exchanging goods for services. The basic idea is to give something to get something. An apple farmer needed eggs so he went to the neighbor with chickens and offered a bushel of apples for two dozen eggs.

Both people get what they need and no money is exchanged. So if you have a need and have some time, a project, or talent consider exchanging it with someone who has what you want.

You may have something that others need or want. It may be a product, service, or personal item. Others may have what you want so you come to an agreement to exchange things or time instead of money.

The barter system is a temporary way to get what you need when money is flowing in slower than you want.

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Single Mom Money Tips – Money Alternatives to Get What You Want

by | Sep 9, 2011


Discover other ways to get what you really want (money may not be the bottom line). With money constantly on the brain we forget that it is not what we really want.

The true needs are a roof over our heads, food to eat, clothes to wear, or a problem solved.

When you look past money and see the true need or want you release the tension and negative thoughts about money and your situation.

Keep your creative eyes open and you find ways to get what you need without being burdened by the “not enough money” syndrome.

Single Mom Money Tips – Change Your Money Thoughts

by | Sep 8, 2011


Change your thinking about money. For many people, especially single moms, money has many negative connotations.

You don’t have it, there is not enough of it, and you don’t know where the next batch is coming from. We have a tendency to think that it is out of reach all of the time and we struggle with it.

The truth about money is that it is simply a tool to get the things we need and want. Of course not having it and thinking about your lack will not make it come to you any faster.

When you change your thinking about money, see its true purpose, and realize it’s abundance you will have more of it. Whenever I have to pay a bill, write a check, or spend money I keep in mind that there is more where that came from. I will have more, not because I am doing anything special but because I just know that it will come again.

Sometimes we get so caught up in holding on to it with such tight fists that we fail to realize that a closed hand cannot receive more.