Home & FamilyMoneyTips For Saving Money as a Single Parent

Tips For Saving Money as a Single Parent

Being a single parent isn’t easy by any means, especially these days. The cost of living is high and pay is low, especially if you’re in the workforce without a college degree. However, even people with degrees are having a tough time finding good paying jobs. If you find yourself barely above water, you need to learn some important tips for saving money as a single parent.

Work From Home

Most people laugh when they hear about working from home. It sounds impossible if you’ve never done it. You heard about people working from home and you assume that they’re either lying or they got seriously lucky. What many people don’t realize is that working from home is easier than ever. Many companies hire people to work strictly from home now. Others work from home as a freelancer.

Some of the top companies that hire work from home employees, include:

Aetna
American Express
GE
Dell
Apple
Heathfirst
Cigna
Real Staffing
Appen
Rosetta Stone

The list goes on and on. Some companies will hire employees with benefits and others will hire freelancers. If you decide to become a freelancer, you can do side jobs for private clients from home. Many top freelance opportunities include:

Web Design
Tutoring
Graphic Design
Writing
Translation
Transcription
Research

If you have skills offline such as auto mechanic skills, home repair, or computer skills, you can do odd jobs for people for money as well. If you’re worried that you don’t have any of the skills needed to perform these jobs listed, start your own house cleaning business or daycare. Working from home will allow you to save money on gas and childcare, which can take more than half of your paycheck.

Get New Insurance Quotes

You might be paying way too much for your auto insurance. You can find the lowest rates, and a year later, you might realize a different company has a better deal. Make sure you check regularly for lower insurance costs. Browse all of the discounts offered by the company, raise deductibles and do anything else that you can to lower your payments. Call a Chicago insurance agency to find out how you can save on your auto insurance policy.

Buy Used

Buy used whenever you can. Major items that you can buy used are clothing and furniture. Many people donate perfectly good items that still look brand new. You can even find clothing with tags still on it because people lost receipts and couldn’t exchange something that didn’t fit. If you go to thrift stores and consignment shops, you’d be amazed at all of the brand name clothes you can find.

Often, you can spend $50 on several designer outfits, which is less than one pair of jeans would cost if you bought them brand new. Many consignment shops have fill-a-bag sales periodically. These are sales where you can buy a bag for $5 to $15 depending on the store and you get to keep everything that you can fit into the bag. You can wind up with $200 worth the clothes if you can roll them into a small enough ball.

Being a single parent is hard, but you can make it easier. Do everything you can to save money. Working from home, cutting back on insurance, and buying used items can save you several hundred dollars per month. It’s just a start because there are several other places you can cut costs, too.

1 COMMENT

  1. That tips mostly now happen in single parent not only single mom but also people who want to have money at home depending on their skills. The innovation of internet world.

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