948 days ago,
professorsavings.com (http://www.professorsavings.com) a simple way to learn finance on youtube.Budgeting Tips For Single MomsSingle motherhood is becoming a problem all around the world these days. A single mother has to face number of challenges that includes the smooth running of the house, educating the children and ensuring a secure future for them. A single mother has to go through constant stress harassment and suffering. The piles of bills and expenditure to be met leaves her with an overstretched budget. Here are a bunch of budgeting tips for single moms.Steps to create a budget for a single mom• Identify the income source and the expenses. A chart needs to be prepared of the expenses and income that the single mother is living on.• Specify the source of income and the amount to be paid in different areas of expenditure.• Assess the credit situation by listing the loans and mortgages to be paid.• If the expenditure is more than the income, further steps have to be taken to reduce the expenditure.• Set aside money for health emergencies or sudden repairs in the house or travelling in emergency.• Another great budgeting tip for a single mom - necessary expenses must include monthly utility bills, education expenditure, insurance and mortgage . Others can be decided as per the financial situation.Ways to meet expenses The best way to meet expenses for a single mother is to find a job to work online. This will give her time to look after the kids and manage the house without depending on others. It also helps in adding to the income in the spare hours. Spending can be reduced by renegotiating the credit card debit with the card company. If the credit history is good chances to renegotiate the interest rate or settle at a lower payment is easier when applied for financial aid. Expenditure should be minimized to necessities and spend only on needs. Change should be made as a treat, but it should be within the budget. A small amount saved monthly will build up to a good saving for health emergencies. Bills should be paid immediately or at the earliest because there are chances of money to be spent elsewhere. Entertainment is a must. Pleasure trips and fun should be arranged in a sensible manner with discounts and free passes. Track of the expenses should be kept for some time by keeping watch on all the ATM withdrawals and other cash withdrawals. This may be cumbersome , but will give a clear picture of the financial status. Thanks for watching. Please help us grow.Please "like" our video Subscribe (http://www.youtube.com/subscription_c...)Professor Savings Channel (http://www.youtube.com/professorsavings)Connect with usGoogle Plus: (https://plus.google.com/b/11176169587...)Facebook: (https://www.facebook.com/pages/Profes...)Twitter: (https://twitter.com/ProfessorSaving)Google : (http://plus.google.com/b/111761695877...)Tumbler: (http://professorsavings.tumblr.com/)Pinterest (http://pinterest.com/professorsaving/) KEYWORDS professor savings professor saving all stock videos shares tips videos finance 101 lecture personal business smart beginner dummies basic learn 2013 ETF walmart money card profit clicking american funds mortgage rates pay down mortgage dividend stocks buy shares stock stock shares isa buy shares house rent owner orchard bank online payment mortgage rates pay down chase online my accounts today coupon mom today gold rate wells fargo jpmorgan chase capital one bank of america express citibank citi bank visa books blogs business ecommerce internet internet-tools multimedia self-improvement video videos blogging blog finance life money online mobile learning free cheap money cash Other Finance Youtube ChannelseHow Finance Youtube Channel: http://www.youtube.com/user/ehowfinanceBloomberg Youtube Channel: http://www.youtube.com/user/BloombegKiplinger Youtube Channel: http://www.youtube.com/user/kiplingerCBS Money Watch: http://www.youtube.com/user/moneywachDisclaimer: Professorsavings.com makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.