22 Jun

Budgeting for the Single Mom

To start, it's important to understand your current financial situation. This includes your income, expenses, debts, and savings. Once you have a clear picture of your finances, you can create a budget that works for your family's needs and goals. The best way to track your expenses is the make a spreadsheet and on the top of the sheet, you put Jan - Dec, and on the left column put from the 1st - 31st, a list of all your bill that come due. In each corresponding cell on the spreadsheet, you enter when you paid the bill and the amount. You can also use a budgeting app to help you.

In terms of saving money, there are many strategies you can use. One common approach is to set aside a certain percentage of your income each month for savings. If you automate this through either payroll deduction or have a certain amount debited from your account each month, it will make the process easier to stick to. You can also look for ways to reduce your expenses, such as cutting back on eating out, cutting out that expensive latte or finding cheaper alternatives for household items. The website Temu has many products at discounted prices. Click on the link below.

https://temu.to/k/usBr7woRjsNQ519

Overall, household budgeting requires discipline and commitment, but it's an important step towards financial stability and security. I hope this information helps you get started on creating a budget that works for your family!