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11 Financial Steps to a Rich Life as a Single Mom
Happy Tuesday!! Another week another great finance article from the interwebs. This one may be an old one, but it’s definitely one of my favorites from our friend Emma Johnson over at Wealthy Single Mommy.
I have been going over these tips for a while now and now that I have removed the block from my mind of impossible to possible I FINALLY get these steps and am ready to accept that I have to be financially independent for my children’s sake. It’s easier said than done, but with patience and practice, you too can become the financial guru you were meant to be.
Head over to the blog and read more!!
Co-Parenting and Finances
We all know that raising children is expensive. It is estimated that the cost of raising children through the age of 18 is $233, 610 and according to the USDA the cost of raising a child on a year basis is around $13,000 per year for middle-class families. Housing and food are the two largest contributing factors to those numbers, with the cost increasing should you choose to add extracurricular activities to their schedules. When it comes to co-parenting and finances it can get especially tricky–finances are already one of the leading causes of divorce and separation, but what happens when you are already going through the divorce? What next?
Finances are difficult. Finances & parenting can be even more difficult when you aren’t quite prepared or when life hands you the impossible. For those of us who grew up without proper education when it comes to managing money and credit, it can seem like a daunting task to recover from the mistakes of our youth. Even if you have perfect credit–life changing situations (divorce, medical bills, unemployment) can put us in a serious bind and well…life tends to throw us a curve ball that we are either not prepared for or are unable to recover from.