Wealth and the single mom

Wealth and the single mom

money jar2

 

I do not claim to have learned all there is to know about wealth. I myself am on a quest for knowledge and the total transformation of my life. Yet, I want to encourage every woman who is not living her financial dream to seek out advice, tips, books, instructors, etc., so they, too, can change their lives. The above picture is my actual change jar. It takes me a year or two to fill with my leftover change.  Once it’s full, I take it to one of those machines in the supermarket that counts it for you and collects a small fee in the process. I know. I should take it to my bank. See! I’m not a financial advisor. But, I am a mom who wants to leave a legacy.

Wealth is such a personal thing. I mean it’s relative right? Sure, some inherit it, but somebody somewhere had to first take a chance in the right direction and add in some hard work to build that pile of assets to, in turn, pass along.  I truly believe that as long as we have breath, we can change our lives for the better. That includes finances.

The Bible says in Proverbs 13:22 “A good man leaveth an inheritance to his children’s children.” Wow! I want to do that! Don’t you? It may not happen for me or you the way it happened for others, but the truth is we need to start building (if we haven’t already).

I like to listen to a few folks on advice for saving. The Bible says, “There is wisdom in a multitude of counselors”. I say there is confusion in not having a plan. As a single mom, I have seen lack and abundance (my scale may be just getting by). It (life) has been smooth and it has been rocky. But, GOD has kept me and my boys. He has been faithful. Because of this, I like to be faithful with what he gives me. So, I believe that part of wealth creating is giving. I can’t say I always tithe like I want, but I give. I have charities I support. It makes me feel so good inside to help someone else in need. Try it. It’s amazing how even our little is sometimes greater than what some one else has.

If giving money is not feasible, please find time to show your kids how to give back to others by you all doing charitable work. If money is not a problem, consider mentoring other women on wealth creation. We are blessed to be a blessing.

Side note: The sense of entitlement of the youth these days is at an astronomical level. Even my own kids have tried to act as if the world owes the something. I quickly nip that in the bud. I have them help me serve, and I have them give away toys and clothes. I also had them pick out the boy we sponsor in Africa who is around their age. I talk to them about how blessed we are knowing that they don’t fully understand yet. But, I know one day it will be clear. As I work to build something to leave them, I want to leave my wealth to men who know how to handle it and who know the blessing they hold.

So moms, even if it’s five bucks a week, start saving now. Try the change jar idea. Or, refrain from the delicious $5 coffee for a few weeks and watch it add up. We have more than we think even when to us it is not enough. Saving is a family affair. Get everyone in on the conversation. Make it a contest if you can, but by any means, save.

I pray this post blesses you and your family, and you get started on building your empire.

“Saving is hard, and I have bills,” you say.

Do It Anyway!

 

Love you some you today!

Love you some you today!

It has been a very busy summer here in Texas. I have, however, managed to find time to spoil myself here and there. Now, before you get to thinking I must be selfish, I have found that the little things I do for me make me happier and thus influences those around me to do the same. Finding time to be you is no crime. Needing time and not making a point to do so is. I mean, who wants to be around a crabby person?! I don’t. So, the point of this post is to say to women and men, “When was the last time you treated yourself to something you love?”. If you can’t answer this in 30 seconds, plan something today. My “lovin me” treat is a pedicure. What will yours be?

Ideas to love you some you:

1. Catch a movie alone (I like the matinee. The price and it’s never full)

2. Get a mani/pedi (girls and guys alike)

3. Spruce up the wardrobe by doing some shopping (make a budget)

4. Have a nice lunch or dinner at your fave place

5. You know you better than me, so get going and get to living!

Love you some you today. You and everyone around you will reap the benefits of your self love and care. Life will always be busy. We can find time to fill time. Why not live a little and enjoy it.

Do It Any Way!

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Time Stealers

Time Stealers

Be careful of time stealers. We can never get our time back. These may be people, entertainment, unexpected interruptions that are minor, etc. Set a plan, focus on the task at hand, and execute it. As single parents, time is very precious to us. Do you have to sign up for that thing? Does your kid have to be in that thing? No. There is only one of you. And if you have free time, spend some with the ones who matter most and take time to relax and prepare for the journey ahead. Balance and finding balance as a single parent can seem impossible. But, it isn’t. Usually, we have some time stealers present, and we have to learn to let them go.

Are you someone’s time stealer? Or, are you allowing your time to be stolen? Think about it. On the journey of life, we must do our best to make the most impact. Time is a precious commodity.

Time stealers knocking on your door? Don’t answer! You’ve got a family to raise and a mark to make!

Do It Anyway- Kaydy

Why Budgeting is a Blessing

Why Budgeting is a Blessing

This week, I’ve decided to change my mind about budgeting. What an ugly word. Well, maybe not, but it makes me a little uneasy. It can be daunting to sit down and plan where the money’s going. It isn’t fun to gather all those documents and crunch numbers. But, I know I have to do it. I’ve survived by winging it, but I want to really live debt free.

To the point: Sometimes we feel the pressure to spend on our loved ones, on ourselves, or because there’s a good sale. We overspend and don’t quite budget until it’s too late. But, we must be responsible and balance for what comes after. Great gifts are nice, but the real question is “Was it necessary?”. Hmmmm? So, won’t our children, significant other, best friend, etc., be okay if we give them one good gift here and there and still remain fiscally responsible? Yeah, they will. And, we’ll have less stress trying to put meals on the table because we didn’t overspend.

I’m currently working on my budget as I type. I’m tired of having desires to be debt free and looking up six months later to find I’m off track. Again. Although I made some headway, I’m still behind target. Who needs that! So, I’m listening to Dave Ramsey and Michelle Singletary, two financial experts I trust and follow on Twitter.

As I write my budget, I remind myself that God is more than enough in every situation we face. He is food when we’re hungry, water when we’re thirsty, peace when we’re stressed. You get the picture. But, some things we put on ourselves. Budgeting is a blessing and something we can do to know where we and our money are going.

So, budgeting will:

1. Help you see where you’re spending
2. Adjust where you’re spending
3. See what habits are causing you to lose money
And most of all
4. Set you up for success now and in the future

Budgeting is hard. Do It Anyway- Kaydy