Financial Tips
Learn financial tips on how to use your assets to create and grow a financially stable home.
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Don’t just Survive…Thrive!
You’ve made your budget and been living within it for a while now. You have a rainy-day fund set and are ready to for the next steps to improving your life. Don’t Just Survive…Thrive! Get Out of Debt Step 1 for Don’t Just Survive…Thrive is to Get Out of Debt! Debt is any loan. Some loans are more reasonable, such as mortgages or student loans. It’s highly unlikely we will be able to completely pay these off in just a few years. However, we can pay above the minimum balance to lessen the amount of interest paid overall. One tip for these bigger loans is to take the minimum payment,…
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Make Your Budget
As a Successful Solo Mom, your ability to Make Your Budget (and stick to it) is crucial to managing your hard-earned money and ensuring you have a future for your babies. Since you are the head of your household, you are 100% responsible for all your family expenses, which means you cannot afford to live above your earnings. It is also important that you have a rainy-day fund set aside for the unexpected expenses, like car repairs or broken arms. Knowing how you spend your money is essential to maintaining a Successful Life for you and yours. In this article, we will provide tips on how to make a simple…
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Renting with an Agreement
Perhaps you are in transition to a more stable financial foundation or making life changes, so renting seems to be the optimal choice for you. Great! Let’s review some things you need to know. By opting for rented accommodation, you agree to pay a monthly payment to your landlord. The rent your landlord sets is highly dependent on the market value of the area. To figure out what is reasonable you need to do a thorough check of the market, including the side of town, number of bedrooms, and square footage of the unit, before agreeing on the rental agreement. A landlord can set a higher rent if the apartment…
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Owning with a Mortgage
Mortgage is defined as “a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor’s property, with the condition that the conveyance of title becomes void upon the payment of the debt.” What does that mean? It means the lender, often a bank, allows you the funds to buy the property but in exchange you repay them within the conditions of the loan: with interest and timely. It also means they have the title or legal claim over the property until you meet all those conditions. When you do, you fully own the property, and their claim is released.…
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Buying -vs- Renting
Buying -vs- Renting, Owning -vs- Leasing, Mortgage -vs- Rent…However you phrase it, it’s a big and exciting choice! Before we go there though, I want to first congratulate you on kicking off your research to find the best living situation for you and your family! This will be an interesting journey and there’s a lot to uncover before you make your final decisions. I once thought there was little difference in owning versus renting. However, now, after having done both pretty extensively, I understand there is a big difference in lifestyle. Let’s start with similarities… You get to live in a place you can call “home”. Whether you have funds…
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Jobs For Single Moms With No Daycare
For single moms, life can be hectic trying to juggle all the responsibilities. Most of the time, some choose to leave their jobs because they have to look after the kids. However, they are weighed down by the responsibilities, and the need for money takes them back right to looking for jobs. There are various great jobs for single moms and programs to help them. Although it can be a challenge for them to balance work, childcare, and family responsibilities, most jobs will offer daycare services to reduce stress and family pressure. Nevertheless, there are several jobs single moms can comfortably engage in without the need for daycare services. Below…
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Super Easy and High Paying Side Hustles for Single Moms (2021)
As a mom, if you want to make some money on the side, it is important to figure out the best high paying side hustles for you. Some of the best options to choose include: Start a Blog Writing a blog is a great way to make sure that you are able to do something that you like, help out others, and make money in the process. It does take some time to set them up ahead of time, but once it gets going, you can earn a good amount of money. Step 1: Choose Your Niche There are hundreds of thousands of blogs out there. It is important to…
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Full Proof Plan: Surviving Financially as a Single Mom
Surviving as a single mom is hard. but it doesn’t have to be THIS hard! Learn the most practical; tips to make your journey easier as a single mother.
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10 Budgeting Tips for Single Moms
Budgeting is hard for single moms. Or, is it? Find out the best tips and tricks for single mom budgeting, now!
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5 Practical Business Ideas for Single Moms (Step by Step)
As a stay-at-home mother, you may be looking around for lucrative business ideas that will allow you to make some money while you are home with your kids. Many families need to make a little bit extra to pay the bills or pay for a nice vacation and stay-at-home mothers may want to find a way to fit this into their schedule to take care of their kids still. The good news is that our modern economy allows a lot of ways for us to make money while at home. From social media posts to graphic designers, virtual assistants, and even freelance writers, there is a way for everyone to…
