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Thread: How to budget a small income

  1. #1
    caledonia is offline Junior Member
    Join Date
    Sep 2009
    Posts
    26

    Default How to budget a small income

    I am a single mother and I have a 6 month old daughter. I want to know more tips on budgeting my small income and to save for my daughter's future. Thank you for those who will share their tips and experience.

  2. #2
    karan is offline Junior Member
    Join Date
    Sep 2009
    Posts
    20

    Default

    I suggest do some investment in goverment banks by paying on monthly or yearly basis.You can also invest in any pension plans so if you retire at some age and you need faninicial help for children you will get some money on montly basis.you can take tutions on sundays/holidays to make more money.

  3. #3
    singleparenting88 is offline Senior Member
    Join Date
    Feb 2011
    Posts
    181

    Default Re: How to budget a small income

    If you are capable of doing a part time home base job you should try it, that can solve your financial concern. You can't just rely on the small income you got as we know prices of the goods are increasing, having another source of income can save you a money to help you in taking care of your child.

  4. #4
    Gabrielle Daae is offline Senior Member
    Join Date
    Jan 2011
    Posts
    191

    Default Re: How to budget a small income

    You can buy store brand food, You can save change, You can put aside 5 dollars a week for your daughter, You would be surprised how quickly it can add up over time.

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