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.
Over the next few weeks, we will be sharing a few tips on managing finances in different aspects. Single Parents, Co-Parenting (which is actually double the cost because two households are now taking care of the children), and of course finances for traditional parenting.
There are a ton of great resources out there to help manage money with the most popular being Dave Ramsey’s program. I would also like to suggest the following books:
Get A Financial Life by Beth Kobliner
Why Didn’t They Teach Me This In School <—one of my absolute favorites!!
Looking to transition these good money saving habits over your children? Might I suggest the following:
Make Your Kid A Money Genius (even if you’re not) by Beth Kobliner
The first post in this series is brought to you by MC Squared Financial Solutions. Being a parent is hard, being a single parent is just as difficult if not more because you have no one to lean on when times get hard. Managing finances when there has been a sudden change in your stability can be difficult for anyone without a steady flow of cash coming in.
Next week I’ll be discussing co-parenting and financial responsibility.
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