Parenting is a challenging but rewarding job. However, if you are also struggling with finances, things get even more difficult. Whether you are a stay-at-home mom with one income in the house or you are both trying to make ends meet, there are a few ways to simplify your finances to give yourself a little more breathing room.
It’s no denying that 2020 has been a challenging year thus far. The global growth rate is projected to be at -4.9% in 2020, and the recovery is forecasted to be much more gradual than the previous forecast. With all of this uncertainty, it’s crucial to keep an eye on your financial health.
At some point in your life, you may decide to file for bankruptcy. It’s a process that can help you, but you have to understand some of the ramifications of making the decision to file for such a classification. These are some of the ways a bankruptcy ruling could affect your family’s finances:
As a new and expecting mama’s, our number one priority is probably to keep our baby safe and healthy. What’s often overlooked as part of healthy infancy is financial planning to prepare for their lives and yours as things get flipped upside down. Luckily, whether you’re in your first trimester, or third, it’s easy to start preparations so you feel more comfortable bringing your little one into the world knowing you’ll be financially secure from month to month.
The year 2020 has been very hard on finances. No matter how careful you’ve been, many of us have taken pay cuts or lost a part of our income due to the pandemic. As we come out of this challenging time, consider the tips below to make your family a bit more financially secure in 2021.