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Tired of reaching the end of the month, wondering where in the world all your money went? Have some big financial goals you're trying to reach — buy or refinance a house, pay off the car, get rid of debt, save for a vacation, help your kids pay for college? What about just creating a…
Fact: Divorce is one of the leading predictors of both bankruptcy and home foreclosure. Women are especially prone to a long-term financial fallout from divorce. Within a year of the end of their marriages, women are three times more likely to live in poverty than men, according to U.S. Census Bureau data. The London School…
I recently read this post in my Facebook group, Millionaire Single Moms, and it made me feel all the good feels: At 40 years of age this happened today: I purchased my first car on my own — no male input, no ex-husband choosing which car, no parents weighing in on my choice… this beautiful…
While brunch and a card are always nice, consider getting the single mom in your life something a little more persona. Thoughtful. You could even blow her mind. I recently asked members of my Facebook group, Millionaire Single Moms (have you joined yet?) what they would give to a friend whose divorce was just finalized,…
Updated Jan. 8, 2019 to reflect the newest tax laws. Gah! Taxes! No one likes them (except maybe accountants and sadists), but you and I know we have to deal with them. As a single mom or dad, there are specific considerations you must take when filing your taxes — things your married parents don’t…
Are you a single mom who wants to pay off debt for GOOD? If you live with consumer debt, you are not alone. According to U.S. Federal Reserve data U.S. households have on average $15,863 in credit card debt and $33,090 in student loans, while the Consumer Financial Protection Bureau reports that a full 52 percent…
So your credit is in the pooper and you need to repair it, likely ASAP. You are not alone. A few years ago Experian reported that 30 percent of scorable people in the United States, or 68 million, have bad or poor credit scores lower than 601. Check your credit score for free with…
No matter what you’ve read about household credit card debt and American money woes, remember that most people struggling with debt didn’t land there by choice. Sometimes all it takes is a few massive medical bills, a pricey divorce, or a cut in pay to send your finances into a tailspin. When that happens, it’s…
Credit is so important, but few people really understand how it works. A good or better credit score can save you hundreds of thousands of dollars over the average person’s lifetime, give you access to cash to buy a home, get an auto loan for a car, finance a business, and get out of debt…
Mama, you know you need life insurance — but likely do not have it yet (or don’t have enough). Here are common reasons women fail to have life insurance coverage: Too expensive (or assume it is too expensive) Too time-consuming to apply (meeting with an agent, medical exams — ain’t nobody got time for that!)…
This truth bomb from Jessica Mraz, 50, St. Paul, Minnesota: Life lesson learned yesterday. I was struggling to figure out how to pay for my son's health insurance and medical bills since the premiums went up and my deductible changed as well as sports and guitar lessons. I got into a big argument with my…
Who doesn't need more money? If you're not up for selling an organ on the black market or dabbling in illicit activity, income on the side is easier to find than ever before, thanks to the burgeoning freelance economy and the technology that supports it. Keep reading to learn how you can bring in some fast…
I hear from so many smart, hustling moms who are eager to move out of a crisis situation like a bad relationship, bad job, or bad town — and land on their feet. They might be ready to buy a house, or need to buy a new, reliable car. Maybe this is you. Perhaps you…
If you’ve made up your mind and there’s no alternative but divorce, talking to at least a few lawyers is always a good idea. The first consultation is sometimes free, so you’ve got nothing to lose. And you can gain a lot of information during divorce lawyer interviews if you head into the conversation armed…
Last summer my kids returned from a couple weeks in Los Angeles where they stayed with their aunt. Me: Why does Lucas have all new underwear? Helena: All his underwear had skid mark stains in them, so Aunt Tina bought him all new chonies at Target. Why didn’t I, his own mother, know that my…
I was recently speaking with a recently-separated friend. She had been with her husband for more than 15 years, and the prospect of spending so much alone time was daunting. Taking care of the car, the yard and the taxes were new to her. She craved a vacation, but the thought of traveling alone scared…
You likely have some gold sitting around. Maybe it is old jewelry that you no longer like, or perhaps it was a gift from someone you have negative (or complicated) feelings about. Perhaps you have some old gold coins you inherited, or even gold dental work sitting in the back of a drawer! If you…
My ex and I separated more than 10 years ago, and while the initial purge of his stuff and our stuff and my stuff-that-reminded-me-of-him-in-a-bad-way happened years ago, I am still Marie Kondo-ing my two-bedroom co-op of my marriage. In fact, this week I posted on CraigsList a vintage Heywood-Wakefield dresser that we bought for our…
Nationwide Life Insurance review This post was created in partnership with Nationwide. If you are a mom, life insurance is one of the fundamentals of financial planning — no matter your income, or whether you are the breadwinner or a stay-at-home or single parent. Even if you aren’t wealthy, imagine what your kids’ life would be…
I have a friend who had been married for 20 years. He had a high-earning career, and after spending her 20s in low-paid retail jobs, his wife stayed home full-time with the kids, until they were in high school, then worked part-time retail, tried to start a couple of craft businesses that went nowhere, and…