Single Parent’s Guide to Money

Updated 12 months ago

You are able – You CAN do this. You have to do this, so you obviously will. You’ll get the knowledge you need. You already have the wisdom you need. And you have the courage to make this life beautiful. We believe in you, bud. Make a budget that works- You have to look at all the bills. Hiding from them does not help, as you tell the kids. So, open everything and track what you’ve spent the last few weeks on everything. Budget’s are available online from many sources, or from your local library. Get an idea of how you might allocate resources and then make a PLAN. This might work best if you can make bills automatically payable so that you have one less thing to do. But whatever works for you, do. You aren’t alone- If managing the money hasn’t been what you’ve had to do, or you feel totally out of your element, talk with your local financial institution, your church or friends who can sit down with you and work out a plan. You are not alone. You may not want folks to see you feeling confused. BUT there are people who would LOVE to help you, as you have helped others with their hardships and transitions. It is only if you isolate yourself that you will be alone, buddy. Say no about spending- Do not feel guilty when the kids can’t have things they want to have. Life is not about guilt. This present single life was more than about stuff and money. And you need to NOT get under emotions at this time. The kids will be fine. They will always want more stuff. Even if you had lots more money they would continue to be unsatisfied because it is the job of retailers and product manufactures to help them desire the newest thing. So be strong and calm and clear in your financial direction. The more they can be included in the process by handling their own money or as they mature helping to be a part of the ‘family finances’ the less they will grumble. Keep on keeping on- Now keep going. Keep improving. Keep checking your plan and adjusting as needed. Things are going to awesome. This is going to work out and you will have raised some wonderful people. Citations: Marion Syversen, MBANorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc. and Norumbega Financial are separate entities, independently owned and operated.


MENU