I Never Thought Being a Single Parent Would Be So Hard Financially

In today’s world, kids are expensive.

Actually, everything is expensive and in my home state, it’s doubly so. When my ex and I started talking about divorce, I knew it would be financially hard. I lived on my own before getting married, and I knew it would be a costly endeavor, especially with a kid. It definitely was discouraging, but I knew we had to make the call. Even if I ended up struggling for eternity, this marriage was ending.

I never believed that I would struggle for eternity (and still don’t). If you asked me five years ago when we separated what my financial long-term plan was, I’d tell you it was to pay off debts, save and live. Are those bad goals? Nope, they’re fine — but they weren’t concrete or specific enough.

I talked to a financial planner thanks to the amazing organization, Savvy Ladies. I budgeted. In fact, I still tweak my budget often and track my spending daily. I even budgeted for emergencies and stuff that might happen along the way while I planned out my “financial life” as a single parent.

 

Read More:  I Never Thought Being a Single Parent Would Be So Hard Financially

 

Hang Tight,

Laura

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How to Put Those Financial Resolutions in Action in 2019

After losing my job when my company went bankrupt, I spent the majority of 2018 scrambling each month to keep it together. I’m proud to say that I did it, despite the obstacles, which changed my outlook about life and myself, greatly. Needless to say, it was a stressful year and so I was grateful to start 2019 with a new job and a commitment to get things on track, financially.

If you’re like me and ready to stay on top of your budget and finances this year and have made it a part of your resolution, there are concrete ways to put those resolutions to action in 2019. For some inspiration, I sought out the trusted advice of Savvy Ladies, a non-profit organization that provides personal finance education and resources for women to inspire them to plan for the future.

This isn’t the first time I’ve turned to this wonderful organization for guidance. When I first got divorced, I turned to them and then, when I lost my house in the divorce, I returned for more trusted advice. I can’t sing the organization’s praises more highly than I do!

Read More: How to Put Those Financial Resolutions in Action in 2019

New Year, New Start,

Laura