Single Mothers Advice to Reducing Monthly Costs.
Being broke is a common thing to most people. Resulting from careless buying of stuff. It’s is more challenging for a single mum to monitor her spending.
In order to monitor spending it is advisable to calculate a person hourly paycheck. The calculations are done by comparing daily or hourly income with the expenses. To most people expenses exceed income. In order to avoid being broke it’s important to cut down expense. Some of the guidelines to help cut down expenses are.
Writing down and numbering the things you use money on. Most people simply do not know where their money goes. Having a kid become more challenging to monitor expenses. Going shopping with a child can turn out to be disastrous. Most kid do not understand the difference between a want and a need. Kids may push parents into purchasing crap. To avoid losing track of your expenditure. Look for expenses you can do away with. Also its advisable if your kid is grown old even to understand basic things write a shopping list with them. Parents should be strict that the kid knows that the shopping is only for the listed items.
Do not go shopping on an empty stomach. Hunger messes with your head and you end up shopping for the wrong items.
Ensure you benefit from complimentary products Having knowledge of complementary products is essential to a single parent as he/she should benefit from them. A single mom can acquire a comic book charge less from newspapers. A single parent should also seek other complimentary products such as discounts and loyalty points. When starting the value may not be felt but as you continue you will begin getting value.
Eliminate wastages. Many people do not make the best use of the available resources. Kids are even more terrible when it comes to resources management. It is common to find a house bulb own even when there is sufficient sum lighting or find the sink overflowed whether by a kid or adult. Causing the amount charged for water or electricity to go up. Through well management of house amenities we will bring down the charges. Make it a habit for both you and your kid to always close water taps and switch off house lighting bulbs and other electrical appliances when not in use.
Although kids brings joy to a family it is not easy to raise them. The challenge is even harder for single parents. Ensuring that your kid has the basic need such as food, education, shelter and clothing is the first priority of any parent. Budgeting will enable a parent to be able a fulfill their child’s dream.