THREE PERSONAL FINANCE EXPERTS FOR SINGLE MOTHERS TO FOLLOW


Aside from your kids, money may be top of mind most of the time. Taking control of your finances can be a daunting task, but it doesn’t have to be. With a little help, you can get useful information on how to make, manage, save and grow your money.

HERE ARE THREE PERSONAL FINANCE EXPERTS FOR SINGLE MOTHERS (not listed in any particular order):

#1 Dave Ramsey – (Podcast/YouTube) The sometimes controversial author of the best-selling and highly rated author of  “The Total Money Makeover” and “Financial Peace University” has a podcast and a YouTube show, The Dave Ramsey Show . On this show, people call in with real-life money issues, asking for advice on how to turnaround their financial situation. Sometimes these cases are extreme, like being $400K in student loan debt or paying $1K a month for a car note. You will learn a lot from watching this show or listening to the podcast on a regular basis.

 

#2 Michelle Singletary – The award-winning writer and Washington Post columnist of The Color of Money and author of “The 21-Day Financial Fast: Your Path to Financial Peace and Freedom”,  “Spend Well, Live Rich (previously published as 7 Money Mantras for a Richer Life): How to Get What You Want with the Money You Have”, and “Your Money and Your Man: How You and Prince Charming Can Spend Well and Live Rich” gives real-world advice on personal finance.

 

#3 Tiffany “The Budgetnista” Aliche is the blogger, best-selling author of many books, including “The One-Week Budget” and creator of the Live Richer Challenge which is completely free to join. Get ready to be inspired to have fun learning to your money. The Budgetnista’s down-to-earth and very relatable style is more than engaging, it’s contagious. She’ll have you eager to tackle your budget and financial goals.

 

Taking control of your finances doesn’t have to be hard. Take one day at a time and one step at a time and, before you know it, you will be better in control of your money. Rome wasn’t built in a day—neither was your budget. It’s a process and journey. Enjoy it!

Ready to get started with budgeting? Check out my post:

10 Things Every Single Mother Should Know About Money Management – Part 1

10 Things Every Single Mother Should Know About Money Management – Part 1


Mead-Budget-Planner-Expense-Tracker-Money-Manager-Budget-Organizer

As a single mother, one of the most challenging areas to deal with is money – or, to be more accurate, the lack of money.

Not every single mother is struggling financially, but I was and, from the many comments and questions about money on I get on this blog, I know many of you are, too.

Whether your financial struggles are due to not making enough money, not managing your money effectively – or, in a worse scenario, the combination of the two:

No/Low Income + Money Mismanagement = FINANCIAL DISASTER

You need to do something fast to change your financial circumstance.

Struggling financially is bad enough on your own, but when you have other mouths to feed, aside from your own, the weight of that added responsibility can be extremely stressful.

So, without further ado, here are the 10 THINGS EVERY SINGLE MOTHER SHOULD KNOW ABOUT MONEY MANAGEMENT:

#1 STRUGGLE DOESN’T HAVE TO BE PART OF YOUR SINGLE MOTHER JOURNEY

Just because you’re a single mother, it doesn’t mean you have to struggle. No matter what your financial situation, you—and only you—have the power to change it.

But something must click for you to change how you view and use the money. For me, I was tired of the stress that comes with not having enough money to live and enjoy life. I wanted better for my son and me, and I’m sure you do, too.

Mead-Budget-Planner-Expense-Tracker-Money-Manager-Budget-Organizer

What I had to realize, though, is that I needed to change my relationship with money completely. Pre-baby, I always considered myself to be great with money, but when you got another life depending on you, things change—fast.

So there I was someone who’d always thought I was great with money to someone who, as a single mother, was constantly broke.

I needed to do something fast, but what?

I NEEDED to get real with myself about my finances, set up a single mother budget and stick to it. Period.

But how?

#2 ACCEPT YOUR NEW FINANCIAL CIRCUMSTANCE

For me, everything started with accepting my new financial circumstance. The money I made was good enough to take care of me, myself and I, but that same amount of money was not going to cut it with a baby—unless I drastically changed my lifestyle.

For instance, say you only make $10.00/hour or approximately $1600.00/month – accept it. No amount of wishing (alone) is going to change that. Having a clear understanding of your income is the first step in transforming your finances as a single mother.

LIST OUT YOUR BILLS AND DEBT

Yikes! It may be hard to face the fact of how many bills you’ve created or how much debt you’re in, but you have to do this. Trust me; it will be worth it.

Break out the long legal pad and start listing out every single monthly bill.

EVERY. SINGLE. BILL.

You can use a sheet of paper or a legal pad. At this point, it doesn’t matter what you use. The point of this exercise is to get:

  • List of ALL your monthly BILLS
  • Know EXACTLY when each BILL IS DUE
  • Get a visual of the BARE NECESSITIES
  • Know where you can CUT UNNECESSARY BILLS
  • Have a TOTAL of YOUR MONTHLY EXPENSES

If you have a little extra cash, $10 – S25 dollars max, I would highly recommend getting a  budget planner becuase it:

  • Gives you ONE place to KEEP all your FINANCIALS
  • Allows you to SEE your FINANCIAL HEALTH at a GLANCE.
  • Allows you to see WHERE  you’re SPENDING TOO MUCH MONEY
  • Keeps you FOCUSED on your BUDGET and your FINANCIAL GOALS
  • Gives you POWER and CONTROL over your FINANCES

#3 BUDGET PLANNERS ARE A SINGLE MOM’S BEST FRIEND

Now that you know the benefits of using budget planners, here are some of the best budget-friendly budget planners. As you can see below, budget planners come in different styles, colors, designs. I like cute things and when I like the design aesthetic of something, I’m more inclined to use it. Find one you like, but more importantly, find one that makes budgeting easy.

To get an idea how other people have set up their budget planner, check out these videos:

 

Here is another budget planner set up video:

Here are a few budget planners on Amazon.com that are super cute and extremely use:

  1. Mead Budget Planner and Expense Tracker (Comes in two colors, Pink and Purple) – $14.99.
  2. Monthly Budget Planner / Bill Paying Organizer (Colored Dots) $17.99
  3. Monthly Budget Planner/Organizer (Various Colors) $7.99

Part II will be published on 05/26/18

 

Armless NASCAR engineer Richie Parker Inspires You to Know That You Can


After watching this video about Richie Parker, a NASCAR engineer, who was born without arms, there is no reason to EVER fix your mouth to use the words, “I CAN’T”.  Being born without arms and told constantly that he would not be able to do certain things, Richie Parker could have bowed out of life and used his circumstance as an excuse–and we probably would have given him a pass to do so.

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20 Companies That Hire Remote Workers for Real Work-at-Home Jobs & Telecommute Jobs


If you’re looking for REAL work-from home jobs, take a look at the list below. If you’re interested in any of these positions, please contact the company/companies directly. I have no affiliation with any of the companies. I’m just doing my girls right and posting these work-at-home jobs as a favor. Enjoy!

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Five Side Hustles You can Start Today:


Five Side Hustles You can Start Today:

moneyFirst, let me define what a side hustle is and what it isn’t, as far as I’m concerned, and how I use it on THIS BLOG:

The term side hustle comes from the African-American community, and it was used to describe side work for extra money that was entrepreneurial in nature. So, a part-time job is not considered a side hustle. Somehow, over the years, the word “side hustle” been watered down–but I digress. With that said, when I use the term “side hustle” on this blog, it’s with the original meaning in mind: a way of making extra money outside of your regular job that is entrepreneurial in nature.

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