Being a single mom means relying on one income. This can be tough. There’s bills to pay, groceries to buy, gas to fill, etc. It seems to never end! Luckily, I came across an article on MoneySavingQueen.com that offers great tips to help single moms like us to save money.
1. Create a menu
Once a week or even once a month, take the time to sit down and plan out a menu for every single day. Check out what items are on sale and use coupons, to plan your menu around. Additionally, gather recipes and make one easy trip to purchase the food you need.
2. Make your own
There are tons of great DIY tips online (i love pinterest!). You can make your own laundry detergent, fabric softeners, and cleaners. Not only does this save you cash, but now you know exactly what is going onto your clothes and into your home so you don’t have to worry about harmful ingredients.
3. Think outside the box
There are many unique ways to save money. The MoneySavingQueen recommends becoming a Staples Reewards member because you can earn up to $2 back on every ink cartridge you recycle! Be creative!
4. Start an allowance
Being a single mom can be eye-opening in terms of money. That is why it is important to teach your children the value of a dollar. Make an allowance chart and have your kids earn their money, which will teach them the keys to success for their future.
5. Freeze it
Kids can be picky when it comes to food, which is why making food and then freezing it can help you out during the week. Just grab it out of the freezer and heat it up!
6. Bag your own snacks
Individual snack bags at the store can be pricey, but if you buy snacks in bulk (which can save you money), you can easily make individual bags yourself for lunch time.
7. Lower your bills by sharing your story
The MoneySavingQueen recommends sharing your story with your phone company, cable company, etc. Explain to them that you either have to get the bill lowered or terminate their services. Many companies will lower your monthly bill to keep you as a customer. It’s definitely worth a try!
8. Sell your clothes and buy consignment
You can get great deals on clothes through shopping consignment. Plus, it’s easy to make a few extra buck by selling the clothes you no longer wear.
9. Find new activities
With one income, it can be a struggle explaining to your kids why you can’t do the things you used to. That’s why it is important to find new activities like getting the cousins together for a barbecue or taking advantage of the free spring/summer time fairs and events around your neighborhood.
You have to have an emergency fund or savings fund, especially as a single parent. Life can be unpredictable and those unexpected situations can be expensive. Having extra money to lean on can make life a little less stressful. Just putting a little bit of money each month into a savings account can be beneficial.
Saving money is doable! So get out there and save! Feel free to share some of your own helpful money saving tips.