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AI Global Media Ltd.
Ground Floor, Suites B-D,
The Maltsters, 1-2 Wetmore Road,
Burton on Trent,
Staffordshire,
DE14 1LS

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VAT number - 100361775

Invoice Number AIGP-0163
Order Number 1622
Invoice Date 22 April 2022
Total Due £100.00
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Nila Green
FMM
вул. Антоновича, 40
Kyiv
Ukraine
01033
Ukraine
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1AI Guest Post
  • Brand: SME News (£100.00) £100.00
  • Select Publication Date: 2022-04-29
  • Number of images/videos: 1 (£0.00)
  • Media 1: Image or video?: Image (£0.00)
  • Total number of words: 500-750 (£0.00)
  • Article title: Top Money Management Advice for Single Parents
  • Article text: If you are a single parent you already know how challenging it may be to take full responsibility for your family and kids. It means you are also solely accountable for the financial stability of your family. Life is rather expensive today so it’s necessary to learn how to budget and manage your personal finances.

    Budgeting As a Single Parent

    When you are the only person responsible for financial health in your family, it may be rather hard to plan your funds and manage monthly costs apart from raising your children and thinking about your future retirement. There are a lot of challenges in being a single parent but it’s quite possible to plan your future and take control of your finances. Budgeting is what can really help you.

    What does it mean? A monthly budget is your plan for each dollar. The idea behind budgeting and money management is to understand how money works and realize how much you spend each month. 

    Many people don’t even know the exact sum of their monthly expenses. When you calculate it you may be surprised if not shocked. You may have tried to get about [*link https://fitmymoney.com/200-dollar-loan/ *]$200 loan[*endlink*] when you urgently needed extra cash. 

    Overspending is the main reason why thousands of people have issues with saving and investing. In this article, we are going to talk about ways to manage your funds as a single parent and prevent financial stress.

    Money Management Tips for Single Parents

    Figuring out how to manage your finances and budget money may take some time but it doesn’t have to turn into a hassle. Here are the top pieces of advice on how to master budgeting as a single parent:

    Define What You Owe

    Being a single parent, you are solely accountable for the financial situation and stability of your household. You should aim to ensure your family’s needs are met. Keep in mind that budgeting doesn’t happen all of a sudden. It surely takes some time to master the basics of money management.

    Collect all of your monthly bills, go through them, and try your best to pay them all. If you find some bills that are coming due but can’t be paid on time, make sure you notify the service providers and negotiate these payments.

    Repay Current Debt

    Another important step toward the financial well-being of your household is repaying existing debt. Create a list of all your current debts including student loans, the mortgage, personal loans, etc. Now it’s time to gather your debts and pay them down according to your repayment schedule.

    You need to make sure you find enough money in your monthly budget for debt repayment if you want to avoid additional charges or late penalties. You may want to cut down some expenses or limit them to essentials at least for some time until you become financially secure. 

    You can lower spending on TV-related costs, phone services, insurance premiums, groceries, and eating out. Moreover, miscellaneous spending such as vending machines or coffee can also be omitted.

    Create a Monthly Budget for Your Expenses

    Once you understand what you owe and have a strict plan on how to repay existing debt and improve the financial stability of your family, you need to make other adjustments to keep up with this plan. Creating a budget is an essential part of money management for a single parent. 

    There is a wide choice of online tools and apps that allow consumers to create a virtual budget and stick to it. Choose an app or a tool that is free of charge and submit spending categories including utility bills, entertainment, transport costs, groceries, etc.

    You will see how much you actually spend each month and where your income goes. A traditional scheme involves allotting a particular sum of your income to each spending category. Online calculators and special tools will help you with that. Of course, your housing expenses, car costs as well as food expenses will be the highest. According to Statista, the average annual expenses of consumer units in the USA were $7,316 on food.

    [*image1*]

    Bottom Line

    Apply these money management tips and make budgeting easier even being a single parent. You will notice the difference and find it faster to save money, reach your financial goals, and build wealth. Furthermore, you will serve as an example for your children and teach them about budgeting and taking control of personal funds.

_Brand: SME News (£100.00) £100.00
_Select Publication Date: 2022-04-29
_Number of images/videos: 1 (£0.00)
_Media 1: Image or video?: Image (£0.00)
_Total number of words: 500-750 (£0.00)
_Do-Follow links: 1
_Article title: Top Money Management Advice for Single Parents
_Article text: If you are a single parent you already know how challenging it may be to take full responsibility for your family and kids. It means you are also solely accountable for the financial stability of your family. Life is rather expensive today so it’s necessary to learn how to budget and manage your personal finances. Budgeting As a Single Parent When you are the only person responsible for financial health in your family, it may be rather hard to plan your funds and manage monthly costs apart from raising your children and thinking about your future retirement. There are a lot of challenges in being a single parent but it’s quite possible to plan your future and take control of your finances. Budgeting is what can really help you. What does it mean? A monthly budget is your plan for each dollar. The idea behind budgeting and money management is to understand how money works and realize how much you spend each month.  Many people don’t even know the exact sum of their monthly expenses. When you calculate it you may be surprised if not shocked. You may have tried to get about [*link https://fitmymoney.com/200-dollar-loan/ *]$200 loan[*endlink*] when you urgently needed extra cash.  Overspending is the main reason why thousands of people have issues with saving and investing. In this article, we are going to talk about ways to manage your funds as a single parent and prevent financial stress. Money Management Tips for Single Parents Figuring out how to manage your finances and budget money may take some time but it doesn’t have to turn into a hassle. Here are the top pieces of advice on how to master budgeting as a single parent: Define What You Owe Being a single parent, you are solely accountable for the financial situation and stability of your household. You should aim to ensure your family’s needs are met. Keep in mind that budgeting doesn’t happen all of a sudden. It surely takes some time to master the basics of money management. Collect all of your monthly bills, go through them, and try your best to pay them all. If you find some bills that are coming due but can’t be paid on time, make sure you notify the service providers and negotiate these payments. Repay Current Debt Another important step toward the financial well-being of your household is repaying existing debt. Create a list of all your current debts including student loans, the mortgage, personal loans, etc. Now it’s time to gather your debts and pay them down according to your repayment schedule. You need to make sure you find enough money in your monthly budget for debt repayment if you want to avoid additional charges or late penalties. You may want to cut down some expenses or limit them to essentials at least for some time until you become financially secure.  You can lower spending on TV-related costs, phone services, insurance premiums, groceries, and eating out. Moreover, miscellaneous spending such as vending machines or coffee can also be omitted. Create a Monthly Budget for Your Expenses Once you understand what you owe and have a strict plan on how to repay existing debt and improve the financial stability of your family, you need to make other adjustments to keep up with this plan. Creating a budget is an essential part of money management for a single parent.  There is a wide choice of online tools and apps that allow consumers to create a virtual budget and stick to it. Choose an app or a tool that is free of charge and submit spending categories including utility bills, entertainment, transport costs, groceries, etc. You will see how much you actually spend each month and where your income goes. A traditional scheme involves allotting a particular sum of your income to each spending category. Online calculators and special tools will help you with that. Of course, your housing expenses, car costs as well as food expenses will be the highest. According to Statista, the average annual expenses of consumer units in the USA were $7,316 on food. [*image1*] Bottom Line Apply these money management tips and make budgeting easier even being a single parent. You will notice the difference and find it faster to save money, reach your financial goals, and build wealth. Furthermore, you will serve as an example for your children and teach them about budgeting and taking control of personal funds.
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