GETTING OUT OF DEBT QUICKLY

Starting to save and eventually invest some of your money are very commendable goals. But it won’t happen if you always find yourself having debts. In order to be able to start your dream of being able to save, your first important task is to free yourself from debts. It’s time that you refrain yourself from spending more than what you are really capable to pay.

Just like any other guy, I also made some very bad financial decisions that had led me to owing some debts. I was naïve that time and not really giving a serious look at my finances. I thought I had a good job and a steady salary that can pay off those debts. I got a loan and a credit card. And so I went on spending a lot of money that I had and money that I thought I had. Until, there came a time when I started having trouble sustaining that kind of lifestyle. I had difficulty paying my loan and my credit card bills. It turned out that my salary wasn’t enough to take care of all the debts that I accumulated. It was giving me so much headache and those bills that are piling up follow me even in my dreams.

A Single Parent's Guide to Budget Planning

There are a lot of single parents who face the everyday challenge of managing their finances. Having a single income makes it difficult to maintain a budget. Single parents often find themselves in some sort of a financial predicament and so planning and committing to a family budget may prove to be a BIG TASK.

But if you are struggling to make ends meet, it is best to analyze your financial situation. Sticking to a family budget means having discipline. Here are some suggestions on how a single parent can accomplish this.