It’s That Time of Year Again

Doing taxes can be intimidating for anyone, but as a single parent it seems that they become much more complicated and the task much more daunting. Most divorced couples switch off every other year claiming the kids. This can get rather complicated if you’re unfamiliar with filing your taxes. They ask all kinds of questions about who the child lives with and who provides more than half of the child’s expenses. Entering in this information can be tedious, especially if you aren’t the one that gets to claim the kids that year. Just because they live with you and you … Continue reading

Saving Little By Little

As a single parent money is always tight. It’s hard to make ends meet with only one income these days. I’ve mentioned many times in previous blogs that I am currently a full time student. The university I attend is about a 40 minute drive from our home. I was putting 60 miles a day on my car and was driving back and forth five days a week. When I was teaching in the schools I was putting double the miles on my car. Needless to say, I was spending an insane amount of money on gas each week. With … Continue reading

Raising Money Savvy Children

Logan and I went to the dollar store tonight. Originally this was just to pick out some Christmas presents for some dear friends of ours, but when Grandpa heard where we were going he couldn’t resist giving Logan a few dollars of his own to spend while we were there. Logan of course was very excited to get to pick some things out, but more importantly it provided a perfect opportunity to teach him a mini lesson on some rather important topics in today’s society. While he is only four, he was able to understand that two dollars can only … Continue reading

School Shopping On a Budget

It’s back to school time for most of us. I remember how worried I was that first year I was divorced. Where was the money going to come from for school clothes? There seemed to be so many expenses. I was fortunate that first summer, my niece and nephew were old enough to stay home alone and Hailey stayed with them so I didn’t have to pay for daycare, when school started it was a different story. There were so many things to worry about, Hailey was going to be a latch key kid for the first time, she would … Continue reading

Does Money Make You a Better Parent?

When you become a single parent you quickly learn that there is never enough money. Your kids learn this lesson too, much earlier than you want them too. It’s hard for your kids not to have the things everyone else has, it’s also hard when you are the one who always has to tell them no. Many studies that are done on single parents focus on income as a reason children from single parent households struggle. This may be true, but not having everything handed to you and learning the value of hard work gives our children life skills they … Continue reading

The Cost of Raising Baby

I read a report from the Agriculture Department’s Center for Nutrition Policy and Promotion that estimates it cost $235,000 for a middle income family to raise a child. Wow, that’s a lot of money. As a single mother if you look at the total it can be completely overwhelming. The largest portion of this is housing taking up 30% of the total. Daycare also takes a big bite as more women work outside the home, and if you are a single mother chances are you don’t have any choice but to work outside the home. Kids are expensive there’s no … Continue reading

Put Aside Your Pride

As a new single parent the most overwhelming thing is finances. How are you going to support this family? Many of us were stay at home moms or only worked part time. To go from that to be solely responsible for your children is like night and day. It helps if you ex is good about paying child support but unfortunately, for many reasons, many ex’s aren’t always current on their support so you can’t really count on it. The first thing you need to do is figure out what you have and what you can do. If you have … Continue reading

Debit Cards and Responsibility

How do you teach your children the value of money when you are so busy stretching it from paycheck to paycheck? When I became a single mother with lots of debt and bad credit I was determined that Hailey would never find herself in the same boat. When I was growing up we never talked about money, all we heard was that we had none. We had no idea why or where it went. I didn’t realize all the things that went into maintaining a home until I had my first apartment. Who knew you had to pay a light … Continue reading

Money Really Doesn’t Grown on Trees

One of the hardest things about being a single mom is having to say no so much. When you get divorced you learn quickly that if you don’t stand your ground the kids will walk all over you. Even if you’ve been the softie in the past you learn to stand up and say no. The kids don’t like it, and at first it may seem to make things worse, but once they learn you mean it, life just gets better. It’s always made me sad to have to tell Hailey no about things she wants that I just can’t … Continue reading

Budget Should Not Be A Dirty Word

I have been pretty fortunate as a single mother. Most of the time I’ve been single I’ve had a good job that has allowed me not to worry about how I was going to pay the bills. It wasn’t like that at first, when I first got divorced I didn’t even have a car, but things got better. Now, due to some pay cuts I’ve taken at work, things are looking a little scarier. Add to that a few emergencies, a major vet bill and an emergency car repair, and my savings account is non existent. Not having that cushion … Continue reading