3 Lesser Known Budgeting Tips

by admin on March 23, 2011

If you are a single dad (father) or any single parents for that matter, a budget can be the difference between you staying on top of your bills or quickly getting behind on your monthly expenses.  Once you can create the balance between your bills and your life you might be able to sit down and relax for a brief moment.

Without failure though and no fault of your own, it can seem like your budget is not working.  Payday could seem like it is a long way away and you have no food, gas is low, and the money you wanted to spend on some new work clothes and clothes for the kids has been diverted to other financial obligations.  Now this issue may not be caused by the budget itself, it may be caused by the way that you as a single parent are shopping for your items.

Below we are going to give you three tips to use when trying to make your budget work for you and your family.  This is not a complete list of things that you need to do but, it is some of the lesser know tips that you can use when working on your own budget and trying to give yourself some financial help.

Now unless you are living in a big city that has a excellent public transportation you are probably driving back and forth to work and taking the kids to whatever function that may need to get to on any given day.  Now one of the byproducts of having to drive is that you need gas to make your vehicle get from place to place.  One way to help you save some money is to try and always pay at the pump.  It may not sound like much but, hear me out.  When you go into the store to pay you might be tempted by some of the smells and sights inside.  A small cup of coffee may not seem like much but, if you grab a coffee or soda every time you need to refill your car that stuff can add up quickly.  If you can avoid these temptations you will notice that you have a little extra money in your bank account at the end of each month.

Now I will be the first to admit that I do not like to grocery shop at all.  I used to just make a straight forward grocery list that had only essentials and for the most part it was pretty boring.  Once I would get to the store I would throw a few extra treats in the cart that was not on the list because the list was so boring.  Now every time I would do that I would wreck my own budget and then be scrambling to find money at the end of each month because I was spending money on items that I hadn’t planned for.  So now, the best thing I can do is to add a couple of treats onto the list and therefore I can plan for them and there is no more end of the month scramble for cash.  I know myself and my family is going to want some treats and so we plan for them rather than try to fit them in as an impulse purchase.

One final tip and probably the most important, is to write things down.  You would be amazed at the amount of money that you can spend in a month and not even realize it.  If you are not writing it down then these small little expenses can add up quickly and start creeping into your food and gas money.

To close, budgeting can be one of your best tools for financial help and financial assistance.  Budgeting can be a very complex process but, the money savings for your family are worth it and can be very helpful for long term financial freedom.

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