May 26, 2012

Saving money as a single parent in the US

If you are a single mom living in America there are many ways to save money to be able to survive. According to the US Census Bureau in 2006 there were approximately 14 million single parents responsible for raising 21.6 million children. Child care subsidies and public health insurance can help, but it is not enough. Here is a list of things you can do to put a little extra money in your pocket whether you live in the US or not.

• Use coupons and buy items which are on sale. This can save you dollars which can be used elsewhere.

• Buy generic household items; there is very little difference between regular and generic. You can purchase paper products, clothing, prescriptions, toiletries and many other items with coupons. You also have great savings with generic prescriptions.

• Shop at discount stores and buy certain items like toilet paper and canned goods in bulk. These are items you always need.

• Buy clothes that do not require dry cleaning and that you can wash yourself. This will save you money over the long run.

• Buy make up and hair tint from a drugstore and do your own nails and hair.

• Here is a big one if you are desperate: buy a used car and sell your newer model to give you some big cash where you can buy a cheaper car and save a few hundred.

• If you foresee a tough month or two ahead, you can also temporarily cancel your cable and internet service until you can afford to have it again.

• Shop at superstores where you can buy in bulk and save a lot. Buy your grains, seeds, beans and nuts at places like Target and Wal-Mart.

• If you want some weekend entertainment for the kids and have no money left, call the library or the museum to see what activities they have planned. Following these simple suggestions will ensure you have more money to spend.

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