Yes, it is possible to thrive financially as a single mom. It takes planning, resilience, and courage - but finding financial stability - and even wealth - is within your reach today.
Let’s take a look at some great ways you can overcome challenges, make smart decisions about money, and approach your finances in a way that sustains and supports you and your child now, and in the future.
Tackling Finances the Smart Way
Here are a few smart tips and proven strategies for keeping money on your side.
Decide to Make More
Change your mindset, and make the decision you want to bring in more money every month. In fact, sit down and decide just how much more you want to make.
Do what it takes. Go back to school, get a mentor or coach, start your own business, talk to your boss about working from home part time, and turn to online resources where you can make money right from your living room.
Set Smart Financial Goals
Investing allows you to plan ahead long-term for big financial goals like buying a house, saving for retirement, or paying for school.
Check out Ellevest, an investing platform designed specifically by and for women. This platform helps you make smart investment decisions that are based on your unique goals, lifestyle, and income level.
Leverage Your Time
Get childcare while you work a promising second job. Hire a cleaner, and use that time to start your new business. Work online from home so that you can earn - and be around for your child - at the same time.
Use your time wisely so that you are earning more, and earning in a way that makes you happy.
Tap Into Your Resources
Look at grants that can help you pay for college or even meet that next rent check. Consider a freelance gig. Or fund that next creative project by launching a Kickstarter campaign.
There are resources waiting for you… now, you just need to get out there and use them.
Your Financial Success Starts Here.
Your financial wellbeing is in the hands of one amazing woman: you. You get to decide how much you want to earn, how you earn it, and what you do with it.
Financial independence is yours today. And that is truly exciting. So, here’s to your financial success, and to the incredible things you will achieve.
Summary of Parts I and II: Part one of this series looks at how to embrace financial independence and set smart goals. Part two talks about the nuts and bolts of money; from taxes to credit scores.
