7 Money Tips for Single Moms (and the Redbox Code)

The relationship between single moms and money is turbulent. Her struggle to get more to take care of her family seems endless and the more she tries it seems the more illusive it becomes. But a bigger issue with money is how to manage what she has and discover new ways to get a little (or lot) extra.

Here are seven tips for single moms that may make the relationship more agreeable:

7 Money Tips for Single Moms (and the Redbox Code)

The relationship between single moms and money is turbulent. Her struggle to get more to take care of her family seems endless and the more she tries it seems the more illusive it becomes. But a bigger issue with money is how to manage what she has and discover new ways to get a little (or lot) extra.

Here are seven tips for single moms that may make the relationship more agreeable:

Insurance Must-Haves for Solo Parents

For many people, insurance is a big part of their financial plans regardless of their status. But for a single mom like me, it is a necessity. If there is anything that single parents shouldn’t be without, it’s a contingency plan. Having only one person taking care of the family means there is hardly someone else to fall back on if something goes awry. This is where insurance comes in as the family’s safety net.

Before I discuss the types of insurance single parents need, it is first important to determine how much of your pay you can allocate for insurance premiums.

Insurance Must-Haves for Solo Parents

For many people, insurance is a big part of their financial plans regardless of their status. But for a single mom like me, it is a necessity. If there is anything that single parents shouldn’t be without, it’s a contingency plan. Having only one person taking care of the family means there is hardly someone else to fall back on if something goes awry. This is where insurance comes in as the family’s safety net.

Before I discuss the types of insurance single parents need, it is first important to determine how much of your pay you can allocate for insurance premiums.

Side Hustle Round-up

Over the last few months I’ve been sharing ways to make extra money on the side. I’ve covered most interests but there are still many more to consider.

If you got a copy of the Side Hustles for Single Moms ebook, you know that there are over 200 ways to make extra money. But repetition always leaves an impression so I’ll review a few of the past side hustles now.

Side Hustle Round-up

Over the last few months I’ve been sharing ways to make extra money on the side. I’ve covered most interests but there are still many more to consider.

If you got a copy of the Side Hustles for Single Moms ebook, you know that there are over 200 ways to make extra money. But repetition always leaves an impression so I’ll review a few of the past side hustles now.

Simple Savings Tips for Single Moms

Now this is an interesting story I read on CNN.com about ways to make money. Remember the change jar side hustle? Well I’m not the only one with this idea. In New York one family has made it a family affair. They pick up any coins they find on the streets, even in the snow. Now that’s dedication!

Even though the whole collecting change idea is not new, it is gaining popularity these days. Found money can come from many sources and its fun to see how much you can collect.

Simple Savings Tips for Single Moms

Now this is an interesting story I read on CNN.com about ways to make money. Remember the change jar side hustle? Well I’m not the only one with this idea. In New York one family has made it a family affair. They pick up any coins they find on the streets, even in the snow. Now that’s dedication!

Even though the whole collecting change idea is not new, it is gaining popularity these days. Found money can come from many sources and its fun to see how much you can collect.

Suze Orman: Free 2009 Action Plan

A few days ago I learned that Suze Orman was giving away her 2009 Action Plan. Since it is financial in nature I decided to pass it on to you. Suze is a financial expert with several books on the subject. She has a book especially for women titled Women and Money.

I was able to snag a copy and am sharing it with you. Let me know what you think of the plan.

Suze Orman: Free 2009 Action Plan

A few days ago I learned that Suze Orman was giving away her 2009 Action Plan. Since it is financial in nature I decided to pass it on to you. Suze is a financial expert with several books on the subject. She has a book especially for women titled Women and Money.

I was able to snag a copy and am sharing it with you. Let me know what you think of the plan.

7 Steps to Economic Empowerment: It Begins Between the Ears

The goal of Rich Single Momma is to empower single moms to live a balanced life starting with their money. Because money is usually on the top of the list of concerns this is naturally the best topic to cover during the first part of this New Year. But is it really about the money or something more?

The way I see it, it is about empowerment. For many the relationship with money is a love/hate relationship. We need it all the time, love it when we have it, and hate it when it’s out of our reach. To be empowered when it comes to money is to change our thoughts about it and come to an understanding that will benefit you. Here are seven tips for economic empowerment and a better relationship with money:

7 Steps to Economic Empowerment: It Begins Between the Ears

The goal of Rich Single Momma is to empower single moms to live a balanced life starting with their money. Because money is usually on the top of the list of concerns this is naturally the best topic to cover during the first part of this New Year. But is it really about the money or something more?

The way I see it, it is about empowerment. For many the relationship with money is a love/hate relationship. We need it all the time, love it when we have it, and hate it when it’s out of our reach. To be empowered when it comes to money is to change our thoughts about it and come to an understanding that will benefit you. Here are seven tips for economic empowerment and a better relationship with money:

Single Mom Side Hustle Series: Cater to Kids

Single moms are pretty much experts when it comes to kids. From birth, tots, tweens and teens, single moms experience every phase of parenting these little people. To make money from your expertise cater to kids or other parents. Child care is always in demand so if you have extra space and time consider being a baby sitter, offer after-school care, or weekend care.

Here are 10 ways to ways to make capitalize on your talents and love for kids:

Single Mom Side Hustle Series: Cater to Kids

Single moms are pretty much experts when it comes to kids. From birth, tots, tweens and teens, single moms experience every phase of parenting these little people. To make money from your expertise cater to kids or other parents. Child care is always in demand so if you have extra space and time consider being a baby sitter, offer after-school care, or weekend care.

Here are 10 ways to ways to make capitalize on your talents and love for kids:

What Are You Asking of Life Single Mom?

I came across this poem that Napoleon Hill included in the original edition of Think and Grow Rich:

"I bargained with Life for a penny,
And Life would pay no more,
However I begged at evening
When I counted my scanty store.

For Life is a just employer,
He gives you what you ask,
But once you have set the wages,
Why, you must bear the task.

I worked for a menial's hire,
Only to learn, dismayed,
That any wage I had asked of Life,
Life would have willingly paid."
~anonymous

What wage are you asking of life? Have you been asking and expecting too little? Just because you are a single mom, have been down on your “luck” and seem to struggle for the very basics of life, you don’t have to continue down this path. It’s time to start asking for more and expecting more.

The best way to do this is to start setting goals. Start simply but don’t hesitate to ask for big things. I am more than happy to show you how and share with you how life has been paying me big time. It’s no gimmick or sham, but through desire, determination, and belief I have reached too many goals to count.

Join me on the Destiny by Design in 2009 Teleseminar tonight at 8pm. Sign up here and get the details now! You have nothing to lose.

Destiny by Design in 2009 Teleseminar

When: January 5, 2009 (Tonight!)

Time: 8 pm

Place: Your phone

How do I sign up? Fill out the form below to register. You will get a follow-up email with the call-in details.

 Update: The teleseminar will be rescheduled for another time that works with everyone's schedule. Please leave a comment and let me know what times work for you.

What Are You Asking of Life Single Mom?

I came across this poem that Napoleon Hill included in the original edition of Think and Grow Rich:

"I bargained with Life for a penny,
And Life would pay no more,
However I begged at evening
When I counted my scanty store.

For Life is a just employer,
He gives you what you ask,
But once you have set the wages,
Why, you must bear the task.

I worked for a menial's hire,
Only to learn, dismayed,
That any wage I had asked of Life,
Life would have willingly paid."
~anonymous

What wage are you asking of life? Have you been asking and expecting too little? Just because you are a single mom, have been down on your “luck” and seem to struggle for the very basics of life, you don’t have to continue down this path. It’s time to start asking for more and expecting more.

The best way to do this is to start setting goals. Start simply but don’t hesitate to ask for big things. I am more than happy to show you how and share with you how life has been paying me big time. It’s no gimmick or sham, but through desire, determination, and belief I have reached too many goals to count.

Join me on the Destiny by Design in 2009 Teleseminar tonight at 8pm. Sign up here and get the details now! You have nothing to lose.

Destiny by Design in 2009 Teleseminar

When: January 5, 2009 (Tonight!)

Time: 8 pm

Place: Your phone

How do I sign up? Fill out the form below to register. You will get a follow-up email with the call-in details.

 Update: The teleseminar will be rescheduled for another time that works with everyone's schedule. Please leave a comment and let me know what times work for you.

Guest Post - Get Your (Financial) Life Right in 2009

Today's post comes from Tara Jefferson from The Young Mommy Life. She is an excellent writer and motivator as well as mommy to two little ones. She can relate to the single mom life because she used to be one but she is not afraid to reach back and encourage us who are still in the trenches. Her post has some very good points so pay close attention. Then go over a thank her for a great article.

Get your life right in 2009

This year has been quite a doozy.

Stock market turns to rubbish, automobile industry on the brick of collapse, jobs being slashed left and right.

If this doesn’t make you want to get your financial life in order, nothing else will.

What should be tops on your list of “Get Right Moves”? Read on…

Guest Post - Get Your (Financial) Life Right in 2009

Today's post comes from Tara Jefferson from The Young Mommy Life. She is an excellent writer and motivator as well as mommy to two little ones. She can relate to the single mom life because she used to be one but she is not afraid to reach back and encourage us who are still in the trenches. Her post has some very good points so pay close attention. Then go over a thank her for a great article.

Get your life right in 2009

This year has been quite a doozy.

Stock market turns to rubbish, automobile industry on the brick of collapse, jobs being slashed left and right.

If this doesn’t make you want to get your financial life in order, nothing else will.

What should be tops on your list of “Get Right Moves”? Read on…

Single Mom Public Enemy #1 - Money (Not Enough)

Money was the biggest problem I faced as a single mom, especially in the early days of motherhood. I was constantly worried about how I was going to pay for food, gas, rent, and clothes. The basics needs of our lives couldn't be met without a lot of worry, juggling, and praying.

Occasionally I got help from my parent but I hated to ask them for anything. I lived with them for a few months after I had my daughter then moved out. I was blessed to be on the local Section 8 or rental assistance program. I was on food stamps and WIC too so that took care of my food issues. Still, being on these programs did not diminish the nagging worry about money.

There was still mounting debt, being under employed despite having a two year degree, and simply not being able to buy clothes whenever I needed to or do something nice for myself. Most single moms can relate, very few can't.

Remembering the struggles of single motherhood prompted me to brainstorm the ways single mom struggle. I've included the money piece above and added the entire mind map on another page. Take a look at it and see if I'm on track. Did I miss something? Leave a comment and let me know.

Single Mom Public Enemy #1 - Money (Not Enough)

Money was the biggest problem I faced as a single mom, especially in the early days of motherhood. I was constantly worried about how I was going to pay for food, gas, rent, and clothes. The basics needs of our lives couldn't be met without a lot of worry, juggling, and praying.

Occasionally I got help from my parent but I hated to ask them for anything. I lived with them for a few months after I had my daughter then moved out. I was blessed to be on the local Section 8 or rental assistance program. I was on food stamps and WIC too so that took care of my food issues. Still, being on these programs did not diminish the nagging worry about money.

There was still mounting debt, being under employed despite having a two year degree, and simply not being able to buy clothes whenever I needed to or do something nice for myself. Most single moms can relate, very few can't.

Remembering the struggles of single motherhood prompted me to brainstorm the ways single mom struggle. I've included the money piece above and added the entire mind map on another page. Take a look at it and see if I'm on track. Did I miss something? Leave a comment and let me know.