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Though there are plenty of single dads out there, single moms are far more common.
Close to 17% of all American households with children are run entirely by a single mom.
This means there are more than 6 million single moms in the U.S. Weve highlighted sixtips that can serve them.
Build Your Financial Life Around the Four Walls
What are the four walls?
This is a concept Ramsey and his colleagues often refer to.
You cant put these expenses on the chopping block.
So, carve your financial life around them.
Do you really need all those streaming services when your kids just watch Disney+?
the Ramsey team wrote.
Even little treats likelattes and pizza deliveriesadd up.
Decide what youre willing to live without to make it save more each month.
Decide right now that youre done with debt.
And start taking the steps to pay off any debt you currently have, the Ramsey team wrote.
If so, refinancing your mortgage could be asmart, money-saving move.
If you have a mortgage, look into refinancing, the Ramsey team wrote.
Another money-saving move pertaining to housing is downsizing.
you’re able to benefit from this maneuver even if you rent.
Sure, we shouldnt vent our anxiety onto them, but we should talk to them about money.
We understand wanting to protect your children from your own financial worries, the Ramsey team wrote.
But children can sense when youre stressed or when finances are tight.
Its best to be honest and talk to your kids about money in an age-appropriate way, of course.
Check out the services the Ramsey team highlighted.
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