Money, money, money

by mssinglemama on August 20, 2012

This blog was always a place for me to share my perspective on dating and relationships. I never touched on the financials of being a single mom. This, in spite of the fact, that I recovered from the financial devastation of a divorce while also recovering emotionally.

I now have my own business and am doing quite well when compared to my starting salary after I left my husband–a whopping $8.00 an hour. This is largely due to my hard work but also to smart management of money. Oh, and did I mention child support is not in the equation for Benjamin and I? We had some for a brief time years ago, but now it is intermittent at best.

While at BlogHer 2012 (read my BlogHer post here), I met Emma. She is another successful single mom who told me she was about to start a new blog about managing your finances as a single mom. Of course, I told her what a wonderful idea this was and we got to talking. We spent a few hours together at the hotel bar and I’m sure I’ll never forget her.

One thing about single motherhood that never ceases to amaze me–is you. All of you single moms who are truly kicking ass (emotionally and financially). For the emotional side of things, stay here. Dig through my archives, read them and weep and learn from my experiences. For the financial side of things, turn to Emma and her new blog.

Here’s a guest post she wrote just for Ms. Single Mama readers:

10 Financial Steps to a Rich Life as a Single Mom

It’s no one’s Plan A. But being a single mom does not mean you’re destined for the welfare line, free school lunches for your kids, or living in your parents’ basement.

The first step is to convince yourself that your new life will be one that is full, joyous and financially rich. For some people, it can take a long time to believe. Maybe you’ll have to fake it till you make it (as they say). But nothing is possible unless you can see the end goal.

Here are a few steps to get you going:

  1. Get a grip on how much you you’re spending. I’m a big fan of Mint.com, a free online tool where you plug in all your bank, credit card, brokerage and mortgage accounts to get a snapshot of all your finances.
  2. Get a grip on how much is coming in. Mint will help, but I recommend a visit to your accountant – your tax situation will be very different when compared to when you were married.
  3. Check on your credit score for free at AnnualCreditReport.com. I go into the reasons why in my post here http://www.wealthysinglemommy.com/part-1-screw-up-your-credit-screw-up-your-whole-life-and-your-childrens-lives/  .
  4. Set some short- and long-term goals financial goals. Short-term might be to pay off a credit card bill, build an emergency savings account, or make more than you spend. Long-term include buying a home, saving for your kids’ college, or investing for retirement.
  5. Set quality of life goals. There is no point in paying off a credit card bill if it means you work so much that you never see your kids or have time to exercise. Consider free time, quality time, the health and wellbeing of your family. Think about how your money and life can work together.
  6. Decide that you will make more money. Take a mentor out for lunch to learn about opportunities in your profession. Research going back to school. Consider starting your own business. Talk to your boss about telecommuting and other life-balance arrangements.
  7. Get rid of bills for stuff you don’t need: haven’t been to the gym in six months? Get real with yourself and cancel that bill. Look at your cell phone and cable statements – can you trim down your services?
  8. Go on a shopping diet. No more trips to the mall or Amazon.com to browse. Make a strict list before stepping foot in Target, and do no stray into the cosmetics departments for a “treat” – and I don’t care how great of a deal you find! By making each purchase a conscious one, you will feel empowered and confident about your money.
  9. Think about spending money in ways that will make you money: Pay for yard service, and use that time saved to build a business. Invest in a dishwasher and spend that extra time studying for a degree that will earn you more money. Send out your laundry and devote those hours to fun family time.
  10. Give yourself a break. Getting back on your feet after a divorce can be a long process full of setbacks. But this can also be one of the most exciting and empowering times of your life.

Emma blogs at WealthySingleMommy.com. She lives in Queens, N.Y. where she is a single mom to two hilarious preschoolers and works as a freelance business writer.

P.S. (From Me) – can I add a #11? Go thrift shopping. Read Ms. Single Mama’s thrift shopping tips here.

 

Related posts:

  1. Save (at least) $150 a month now.
  2. A Man Moratorium
  3. A love letter.
  4. I went shopping today…
  5. Online shopping – my only option.

{ 2 trackbacks }

Money, money, money | Single Mom | Single Mom Blog | Ms. Single … | Captainslacko's Blogging Moms
August 20, 2012 at 10:34 am
10 financial steps to a rich life as a single mom - Wealthy Single Mommy | Wealthy Single Mommywealthy single mommy
August 29, 2012 at 6:27 am

{ 28 comments… read them below or add one }

christine August 21, 2012 at 12:32 am

this is so timely for me. thank you.

Reply

Tara August 21, 2012 at 10:55 am

This is so amazing, you’re a true inspiration to single moms everywhere!

<3
Tara

Reply

Jacy August 21, 2012 at 10:29 pm

What a marvelous post! Thank you for sharing this with us Ms. Single Mama and thank you Emma! Such sound advice!

Reply

Tania August 21, 2012 at 11:53 pm

Perfect timing indeed. I really need to work on being more organized and financially stable. I’m currently living paycheck to paycheck and the little savings that I have is also slowly deflating. I really need to improve my budget skills…ah the unfortunate worries of a single mom.

Reply

Emma Johnson August 22, 2012 at 2:38 pm

Thanks for the kind words. Tania – I really believe that by making up your mind to get a grip on your money and taking a few small steps, you can make a huge difference in your financial life — and that translates into every other part of you life. Keep reading WealthySingleMommy.com, and feel free to email me directly with questions emma@emma-johnson.net

Reply

Elle August 26, 2012 at 1:15 pm

mssinglemama: how wonderful it is to hear good news. Its not often in all this energy that good news is shared or heard. I am so happy for you and thanks for sharing some good news.

Reply

Taruhan Bola September 1, 2012 at 6:16 am

What a mom, you are a great mom as well as a great business woman.

Reply

java September 12, 2012 at 1:02 am

Perfect timing for this post! site .Do something wonderful for everybody, you can try it http://www.luxury-dating.com/

Reply

Amyzulu September 17, 2012 at 8:37 am

Check out Dave Ramsey…he will change your way of spending money for life and the stress of money goes away forever!!

Reply

Vic September 18, 2012 at 11:43 pm

Will be sharing this to the single moms I know as well. Great advice.

Reply

Nyomi September 20, 2012 at 6:25 am

Wow great article

Reply

tomson September 20, 2012 at 6:27 am

Hi I’m actually agreeing completely with your lovely topic single moms should have their life back several careers for single moms are available if they look hard enough. Initially, search engines will provide all the needed information for women when they are beginning the process of finding that ideal career. There are different industries and jobs to choose from, depending on the particular skill and educational background of the single mother. It’s best to prepare a resume before hand, complete with a clear photo, and all the educational achievements and previous employment records.
And also they began their life from the beginning and having such as a good times and be themselves and why not looking for new husbands because it’s not the end of the world and they have the rights to enjoy their life.
You can check this website for more ideas : http://www.newdateproject.com

Reply

master September 20, 2012 at 10:30 am

Be yourself! I think that this is the most important thing to find your future husband. Believe me, sooner or later if someone is pretending “something” that will come out on the surface. And there is one more important thing; there is a very big chance that in your future will Match your friends — http://www.newdateproject.com

Reply

Gretchen October 20, 2012 at 9:20 pm

ThAnks this is Perfect timing for me indeed. This week I left my relationship which leaves me as a single mother. The reason I stayed was finical security. I realized nothing as important as my 2yr old son being in a healthy happy home. With time and hard work we will be ok

Reply

Sadihu November 3, 2012 at 3:29 pm

I am not here to convince you or to make you buy anything from me. As I always say⦠if it does not feel right, do not do it! When it comes to spells, love spells and spell work it is important that you select an authentic and genuine spell caster that you feel good about. My advice to you is to really take the time to read the good news about me in any site or real testimonies from my site (www.prophetofgoddess.com). You will find many valuable information about me, my services and products as well as authentic spell casting, love spells, magic spells, witchcraft and spiritual help. Only you can decide if I am the right spell caster for you, let me tell you one thing you have to know is that most of the fake spell caster do not even have a site and they will take your money and they will never respond to your mail again don’t be deceived brothers and sisters. My door is always open to you and you are very welcome to email me at any time on (lordshivaspells@gmail.com )

Reply

hi November 6, 2012 at 8:01 am

my testimony goes to DR stone spell temple,me and my ex breakup 5 months ago and she told me that she dont love me any more and went to be with another guy.i was still in love with her and need her back i try to get her back but all my effort was in vail until i reach out to the internet for help and i saw a testimony of a spell caster,i decided to give it a tryand i contacted him and tell him my problem.He cast a love spell for me and guarantee me of three days that my ex will come back to me and to my greatest suprise my ex come back to me and beg for forgiveness and promise never to live me again,i am so happy my ex is back to me again,thank you ultimate spell for reuniting me and my ex back together again.if you need him to help you Email shamuspiritualtemple@gamil.com

Reply

Dr Omon November 18, 2012 at 6:34 am

My name is steph i am from United States, I was in a relationship with Ben and we loved and cherished ourselves for 3 good years and every thing was going on smoothly but February 14, 2012 a day i can call a lovers day we both had misunderstanding because i answered a call from a guy that is asking me out for a date but i refused,and he told me that the relationship is over and that he is fed up with me and i begged him because i love him so much but he refused me i was so down cast and i felt the world has come to an end for me but my friend told me about a spell caster that helped her sister out in getting her relationship back,a good job and favor in any of her endeavor but at first i was scared but i have to give this man a trial because i love Ben very much and i am not willing to loose him to any woman,so i ordered returning my love spell from this great spell caster that made me a happy woman again to say it all my ex came back to me with much love and a caring heart…i am testifying to this great spell caster dr omon. if you need his help you can contact him on:omonoracle@gmail.com.. THIS MAN IS A GREAT SPELL CASTER HIS EMAIL ADDRESS IS:omonoracle@gmail.com

Reply

Lusan November 29, 2012 at 7:33 pm

That’s great advice about spending money to create time to invest in yourself. It may set you back financially initially, but the payoff can be exponentially greater.

Reply

xamira December 25, 2012 at 7:00 am

am Mary and i want to thank Dr.OKAN for bringing back my ex boyfriend, we broke up for more than 8 month and he told me that he will never want to see me in his life again. i love him so much to the extend that i could not think of deating any man again, i was confused and depress due to the love i had for him.i did everything i could do to have him come back to me but all went in vain. so i decided to contact a spell caster, i did not believe in spell casting i just want to try it may be it would work out for me. i contacted dr OKAN for help,and he told me that he have to cast a love spell on him, i told him to do it. after 5 days my boyfriend called me and started to apologize for leaving me and also he told me that he still love me. i was very happy and i thank DR OKAN for helping get back my ex back to my hands. his spell is the greatest of all over the world, it was the love spell he cast on my ex that make him come back to me. all you ladies who want back their ex back i want you to contact Dr.OKAN for the return of your ex boyfriend and also your ex girlfriend he can also cast any kind of spell you want him to cast for you. his contact email is OKANLOVESPELLHOME@GMAIL.COM just try him and their will be a solution to your case.

Reply

happy September 2, 2013 at 8:39 pm

i want to say a very big thanks and appreciation to chief priest Great solutionfor bringing back my husband who left i and the kids for almost three months within the space of five days after following all instruction given to me. i am very much grateful for restoring peace in my marital home’ i pray God almighty give you the strength and wisdom to help more people having similar problem like mine. for help you can CONTACT HIM on this email solutionwhitmagicspell@gmail.com

Reply

happy September 2, 2013 at 8:40 pm

My mouth is full of testimonies, my husband left the home for two years to south Africa for a tourist, where he meant this prostitute and he was bewitch by the girl my husband refuse to come back home again, i cry day and night looking for who to help me, i read a news paper about a powerful spell caster called Dr solution and i contacted the spell caster to help me get my lover back to me and he ask me not to worry about it that the gods we fight for me.. he told me by mid-night when all the spirit is at rest he will cast a spell to reunite my lover back to me. and he did in less than 3 days my husband came back to me and started crying that i should for forgive him, i,m so happy for what this spell caster did for me and my husband.. Dr solution of solutionwhitmagicspell@gmail.com

Reply

Stacey Bruno September 8, 2013 at 3:55 am

I never believed in love spells or magic until I met this spell caster once when i went to see my friend in Indian this year on a business summit. I meant a man who’s name is Dr ATILA he is really powerful and could help cast spells to bring back one’s gone, lost, misbehaving lover and magic money spell or spell for a good job or luck spell .I’m now happy & a living testimony cos the man i had wanted to marry left me 5 weeks before our wedding and my life was upside down cos our relationship has been on for 3years. I really loved him, but his mother was against us and he had no good paying job. So when i met this spell caster, i told him what happened and explained the situation of things to him. At first i was undecided,skeptical and doubtful, but i just gave it a try. And in 7 days when i returned to Canada, my boyfriend (now husband) called me by himself and came to me apologizing that everything had been settled with his mom and family and he got a new job interview so we should get married. I didn’t believe it cos the spell caster only asked for my name and my boyfriends name and all i wanted him to do. Well we are happily married now and we are expecting our little kid, and my husband also got the new job and our lives became much better. His email is atilahealinghome@yahoo.com

Reply

Juliana October 15, 2013 at 7:52 am

Hello the world
my name is Juliana, I have been frustrated for the past 3years with my two kids living without my husband who surprisingly left home with a girl named Mary One faithful day a friend of mine came visiting and I told her about the situation I am in for the past two years, she then told me about Dr Metusalala. That he is a very powerful man, at first I never wanted to believe her because I have spent a lot going to different places but she convinced me so I had no choice because I really need my husband back. So we contacted Dr Metusalala who told me all I needed to do which I doubted. But the greatest joy in me today is that Dr Metusalala was able to bring my husband back to me and now we are living happily as never before. Thanks to you Dr Metusalala. If you have problems of any kind I will advice you to contact him with this Email (metusalalathegreatone@yahoo.nl ) and you will never regret it. Thanks to you Dr Metualala

Reply

Miller March 7, 2014 at 6:49 pm

My wife has accused me of a lot of things in our years of marriage some of those accusation were true and i admitted to doing them but am to much in love with her to give her an s.t.d. She was down to end our marriage cos she believed i gave an s.t.d. She had a good reason to believe that cos of late i haven’t been the best husband. Thank God that s@@t was clarified in the Trisha show that i was not responsible for the s.t.d. She was in love with me as i was in love with her. Yes i will admit to the fact that i f$$ked up so many times but we always got around our problem i don’t mean avoid it i mean we fixed our problem like real adults but my stepson always thought i was not good enough for his mother. We never really got along. I never hated him, but he just didn’t like me and i wasn’t gonna suck up to him.He just wanted me out of their life and our problem just made it possible for him to see that happen cos he also accused me of giving my wife, his mother s.t.d. I agreed to do the Trisha show thinking maybe it will help fix our marriage but it made it even worse. After the show she was more down to leave me. She asked that i move out of the house filed for a divorce and all. I thought she will come to her sense and see that though she had s.t.d i still wanted to be with her. I thought if i should give her time the anger and bitterness will die but it didn’t even after a whole month after everything.She had the divorce papers delivered to me. I could not let her go just like that.I got desperate and i started panicking so i used a spell to get her back i know most people don’t believe and you may call me crazy but it worked for me. I found a comment on the Internet about this spell caster Metodo Ell. The comment said he doesn’t do spell for those who are not meant to be together. I mean i believe with all my heart that she is the one thing i needed in my life and i also know she needs me too so i thought he could help me get her back.He agreed to help me cos he also said we are soul mate.All i needed for the spell were materials to get the spell done. I could not get them so i paid him to get them for me since he is the expert in this stuff.After three days, he sent me a substance with instructions on how to make the spell effective and i did as he directed but honestly it took seven days to work i guess good things don’t work like zap. As far as i can tell that s$$t worked cos all my marriage problem just fell off my shoulder AFTER THE SPELL WAS CAST.My wife didn’t go through with the divorce and stepson is cool with me now. If you want to get him to cast a spell for you contact him here with this email address metodoacamufortress@yahoo. com he could also do a direct spell maybe it meant cost a little more than mine i don’t know him only can tell you that..

Reply

Danny Wayne March 23, 2014 at 11:01 pm

I do not know how to thank GREAT VUGA for bringing happiness back to my family. My name is Danny Wayne and i do really wanna tell the whole world that there is a spell caster called GREAT VUGA that is so real and genuine. I never believed in any of these things but when i lose my wife for 4 years, i required help until i found Vugalovetemple@gmail. com A great spell caster, and he cast a love spell for me, and he assured me that I will get my wife back in just 48hours but i was in doubt, and after the spell has been cast, 48hours later, just as the spell caster said, my phone rang, and surprisingly it was my wife who has not called me for the past 4 years, and she made an apology for the pain she has caused me and she told me that she is ready to come back home for me. GREAT VUGA really made her to know how much i loved and needed her. And he also opened her eyes to picture how much love we have to share together. With this testimony right now i am the happiest man on earth and our love is now stronger than how it was even before our divorce and that is why I will keep sharing this testimony all over the world. All thanks goes to GREAT VUGA for the good work that he has done for me. Here is his email address if you are having the same or similar problem contact him now because he is very powerful and he will always help you. Believe him and do all he ask you to do and never doubt him in any way. Contact him now on Vugalovetemple@gmail. com

Reply

Jolene Leslie March 24, 2014 at 12:47 pm

I have been in great bondage for almost 2 years suffering in the hands of a cheating husband,we were happy and leaving well until he meant his old time time girl friend and he started dating her outside our marriage before you knew it he stopped caring and taking care of his own family it was to the extent that now he was planning to get married to her and divorce his own wife, i have cried and reported him to his family but he never listened to any one but to cut my story short i came in search for a real spell caster who could destroy their relationship and make him come back to his wife and 2 kids on my search i saw people making testimony on how their marriage where restored by Priest Ajigar i pick his email and i narrated my story to him and he agreed to help me and after performing a spell on the third day they both had a quarrel and he beat his girlfriend up and he came home begging for i and my little kids to forgive him that his eyes are clear now that he will never do any thing that will hurt his family again and promise to be a caring father and never cheat again.I am so so happy that i did not loose him to the girl all appreciation goes to Priest Ajigar for you are a Great spell caster and to whom this may concern if you have a cheating husband or wife yo can find his email by typing Priest Ajigar on google.com and contact him.

Reply

james johnson March 29, 2014 at 3:02 pm

A big thanks to Dr. Obagun, who brought back my Wife. My name is James Johnson from USA. me and my wife were living happily, but i found my wife so strange and i didn’t know what was going on, and she actually sought for a divorce, and she left. I was searching for a way to solve this problem but nothing seems to happen Until a very good friend of mine told me about a good spell caster called Dr. Obagun. I thought it was not going to work but i just gave it a trial and i contacted him on his email and told him what the problem is. He told me not to worry that in 2 days time my wife will call me and will love me again but i was still in doubt but to my greatest surprise it happened just as the spell caster has said. My wife called me and started apologizing for what she has done that i should forgive her not only that the spell caster open her up to know how much we really love each other. This spell caster is a good spell caster and he has helped people all over the world and to you all that are faced with the same or similar problem to this i want you to contact him on his email now on drobagunsolutionhome@gmail. com he will help you. he is not a scam. try and see what he can do. Thank you Dr. thank you.

Reply

name me April 19, 2014 at 8:31 pm

My name is really not important here cos all i can say is that if you need a spell caster to help you with your problem then the best one is MUTTON OSUN. He is the only reliable spell caster i know.This is not just cos he helped me i mean if you are reading this comment on the internet, you will definitely see other comment about how he has saved relationship with his spell,helped people win lottery and i read one a man named Sandburg don’t know if its his real name said MUTTON OSUN help with a spell to secure a job and bring back wife who left him.I am composing this comment to pin the fact that MUTTON OSUN has also helped me.After six years of marriage it hard to really understand when your wife is see another man and asking for a divorce just so see can be with him.It so hard for me cos i thought we were doing fine.Maybe i was too blind that i didn’t know something was wrong with us or i wasn’t giving her the attention she needed.Which ever which way there was something that i knew,she was breaking my heart and i still loved her with my life.I know people may probably say it unlike a man but i lost my virginity to her and sine then there have been no other in my life but her.I gave up everything for her My family, and everything and everyone that wanted us not to be.I could not imagine how she could be so heartless and so unfaithful i mean i gave her my life!.I was ready to let her go i left our house and her new painter boyfriend moved in.They turned my private store room to his art studio and started sharing my bed with my wife.He was practically living my life for me cos everything i had in our house was converted to his.With every day that passed grew mad at the painter cos i was still in love with my wife she is the only family i have left and in my head i thought i just lost her to another man after all the sacrifice i have made to see us together.Before i even thought of spell casting i tried the memory lane method but she was not even willing to talk to me for more than a minute or even have a bit with me it was almost like she was allergic to me after five years of marriage.The thought of another man making love to my wife consumed me i lost focus and was totally confused on what to do.I remember drowning myself with bottles of vodka to kill the pain and try to forget her but i pass out and wake up thinking about her.Just when i thought i needed to get rid of of my cheating wife with the help on the internet, i came across a lot of comment on how MTTON OSUN has helped to get exes back so at that moment i was no longer thinking of how to get rid of her instead i was thinking and willing to do anything just to have my wife back.When i contacted the spell caster that is MUTTON OSUN with the email i saw on the comment he called me, after i made him understand my problem.He told me he was sad for me cos i left my whole world and family for her.He asked that i get some materials i can disclose but it nothing to worry about cos they are totally harmless.I felt it was gonna be hard to send them down to him so i gave him the money for the materials.After two days he sent me a package containing my spell.He instructed me on how to make it effective and i swear on my dead sister grave the spell made my wife mine again,Its was so supernatural how it happened i can’t just explain from how she left the painter and everything beats my imagination all i know is that MUTTON OSUN spell is was powerful enough to get me my wife back.Contact him here for solution to your own problem godsofosunx @ rocketmail. com

Reply

Leave a Comment