Studies reveal that being in control of your finances actually does increase your happiness and your health.
“Love it or hate it, your finances are one of the biggest parts of your life,” says Emma Johnson in her awesome blog, Wealthy Single Mommy.
With that said, here are some great tips for taking the helm of your financial wellbeing, and steering your future in the direction you want it to go.
Rock-Solid Money Moves for Moms
Get a handle on your finances by taking these proven next steps.
Tackle Your Taxes
Taxes can be stressful, but doing them right can seriously benefit you as a single mom. Check out these outstanding tips for getting the most out of your tax situation.
Even better, there are some amazing resources online that make taxes way easier. Don’t be afraid to use assistance like TurboTax, TaxAct, or even easier, Credit Karma. These platforms are specifically designed to make the tax process less stressful, and more beneficial.
Check Your Credit Score
Your credit score is important. It impacts the rates you get on all kinds of loans, makes the difference in getting approved for a mortgage, and can get you approved or declined for a new apartment. In short, your credit score is worth thinking about and yes, improving.
The good news is, you can check your credit score for free at Credit Karma or Credit Sesame. These platforms also give you real advice on how to boost your score.
Get Protected
Many people think of life insurance as something for only the very wealthy. Today though, there are online resources like Haven Life that will keep you protected at a rate that works with your specific budget.
Get smart and get life insurance to make sure that - if anything ever happens to you - your family is protected.
Be Proactive, Creative, and Innovative
To thrive financially as a single mom, you need to work creatively, act with confidence, and constantly be willing to think outside the box.
By making smart decisions about money, you can get ahead of the game, and enjoy the financial success and personal freedom you’ve always dreamed about.
Summary of Parts I and III: Part one of this series talks about embracing financial independence and building a smart budget. Part three looks at how to earn more creatively.
