Three Reasons Why Your Budget is More About Your Kids and Less About Your Money

Making ends meet financially is difficult these days – especially if you are a single dad trying to shoulder most of the financial burden.  It’s going to take extra courage and creativity to make your budget work because, like it or not, the finances of single dads are scrutinized more than the finances of single moms.  Complain all you want about how “unfair” it is… get over it.  Instead, your children need you to be proactive and to make a plan.

You can’t have the plan “in your head” – you have to physically write your budget, put it on paper, and review it often.

Here are some things to consider when you create a budget (read more here especially if you are experiencing financial hardship:

  • Don't be too proud to ask for help. There may come a time when you will be in a better position to "pay it forward" and help someone else.  Everyone needs help once in a while.
  • Some manufacturers have a mailing list to receive coupons, samples and rebates for things such as diapers, formula, baby food, cleaning supplies and personal care products.
  • Thrift stores and consignment shops offer designer clothes for a fraction of the original cost. Some things may be harder to find, such as small children's pants, which are often worn out by the time an active child is done with them. Suits or dresses may be less worn.
  • Clearance racks and sales may sometimes have better deals than discount or closeout stores.
  • Look at your habits and activities to make sensible reductions in costs.

Your child is best served when you take charge of your finances.  No one is going to do it for you.  Own it.

The three reasons your plan is more about your kids and less about your money

1.     Your child support payments will be current stay in good standing with the courts.  No court will grant you time with your kids if your payments are in arrears.

2.     It is an example for your kids to learn how to correctly handle finances.

3.     You will experience less stress about money.

Have faith in yourself and the future – your hard work will pay off and motivate you and your kids to live better lives.

Leave us some of your tips about creating a budget in the comment section below.