It can be a daunting task to save money in a single parent home, but it is a must that we do so. If you are only able to save $50 a month, it is worth it. Over a ten year period that $50 can grow to $5000. This money can be used as a down-payment for a house or even put towards purchasing a car. Saving brings us even closer each month to achieving our financial goals.
The first thing to do when you want to secure a financial future is to set goals. What is your plan for the future? Where do you see yourself in five or ten years? These questions must be answered before you can begin to secure your financial future. Most people, especially single parent families, face a nagging reality that they could possibly spend their lives living from paycheck to paycheck. This is not a conclusion that any of us should accept. Life is full many possibilities. When we limit ourselves to something, we become a slave to it. Who wants to become a slave to bills and debt? None of us. Being a single parent does not mean you cannot live a happy and debt free life.
