3 Money-Saving Smart Living Tips for New Moms

As a new mom, you’ll always want to get the best things in life for your child. Sometimes that means splurging and spending a small fortune to get your little tike the best of everything. In other instances, you’ll need to save money in other areas so you can continue to give your child the best this world has to offer. New moms realize the value of saving money through smart living tips. So we’re going to share some of our best tips with you today. When you’re through, you’ll be able to cut … [Read more...]

Quick and Easy Ways for Your Family to Save Money

No matter how much money you make, it’s always a good idea to spend less so you can save more. Especially when you consider the fact that the average family will spend $233,610 to raise just one child! Don’t let an empty bank account haunt you for 18 years. There are quite a few quick and easy ways your family can save hundreds or even thousands of dollars. Find Ways to Save on Prescription Costs Prescription costs can quickly get out of hand, especially if you have … [Read more...]

The 5 Times It’s Okay To Say Yes To Debt

We’re getting to the time of year where people are spending more money than they do for the rest of the months ahead. Gifts, food, decorations, travelling to see family – it all adds up around Christmas time. One thing you find in your mailbox at this time of year, is junk mail offer after junk mail offer bombarding you with the latest and greatest in credit cards and payday loans. Companies like you to spend your cash, and they use Christmas as a way to tempt you in. They dangle a carrot of low … [Read more...]

One Common Mistake When It Comes to Family Finances

Your family budget looks great. For one thing, you have an emergency fund that has enough money to tide your family over for three to six months in case of a job loss or similar situation. Moreover, your budget makes provisions for expenses incurred and how much cash flow there is. It also allots money for items such as vacations, college savings accounts, and retirement accounts. However, there’s one potential area of weakness, and it comes in the form of a word that many people dislike: … [Read more...]

Creditfix’s Individual Voluntary Arrangement Helps Single Mothers Manage and Tailor Their Debt Repayment Schedules

What is an IVA? An individual voluntary arrangement allows you to pay off your creditors and make regular payments over a certain period of time. This arrangement requires you to convince at least 75% of your creditors to accept your proposition. And as a mother, when you are a single parent and the sole breadwinner of the house, this is an ideal deal for you because as long as you are making your regular IVA payments, your creditors cannot barge in on you. This is an ideal way to forgo your … [Read more...]

Parents & Finances: Common Money Problems

Along with being open to your children about aspects of your financial situation such as how much you earn, what your car costs or what you paid for a recent purchase, you need to know how to tackle a variety of financial concerns. Worrying about your money problems will not solve them. Finding ways to overcome them is the first step to financial recovery. Budget Common financial problems include not living within a budget. Parents are likely to encounter issues is if they do not take … [Read more...]

Parenting and Debt: Restoring your Finances and Consolidating Debt

Raising children and sustaining a family is a rewarding experience but managing finances can be challenging. With limited income to cater for difficult times, many parents face the task of balancing their work and children’s needs. The possibility of being in arrears on personal debts and bills makes it necessary to spare some time and research on how you can stabilize your finances on a long-term basis. Making numerous bad financial decisions can lead to major consumer debt over time. … [Read more...]

Parenting and Debt Consolidation Loans- Tips for Getting out of Debt

Debt is a problem that many households struggle with. Parents often accumulate debt from mortgages, credit cards, childcare costs and unexpected events. Without emergency funds to cover unforeseen circumstances and still being burdened by other lines of debt such as student loans, you can end up with a difficult financial situation. Debt Consolidation Consolidating debt refers to the process of combining the accounts that are paid on a monthly basis into a single payment rather than … [Read more...]