You Are Not Alone: Small Steps to Gain Financial Security

It’s not easy being a single mom. Trying to pay the bills and provide for your family with limited money leaves you stressed. Over 80% of single moms struggle financially (Pew Research). But take heart - there are ways to slowly get control of your money situation.

At The BWOW, we want to help. Here are some simple tips to start gaining financial security:

Step 1:Look at Your Budget

Looking at your budget helps you see where you can cut expenses and save money. Tracking income and spending gives you control over your finances. Try listing your income and expenses to see where to save, even if it's only $10. Celebrate small wins!

  • Action step: Track spending for 1 month

  • Action step: Identify 1 expense to cut back on

Step 2: Check Out Assistance Programs

Checking out assistance programs provides support for basic needs. Applying for programs you qualify for takes advantage of available help.See what government help you qualify for. This can take care of basics like food, housing, and healthcare.

  • Action step: Research programs like SNAP and Medicaid

  • Action step: Apply to 1 relevant program

Step 3: Start a Rainy Day Fund

Starting a rainy day fund covers emergencies that pop up. Saving a small amount monthly prevents having to go into debt when the unexpected happens. Try putting aside a small amount each month to cover emergencies—even $25 helps.

  • Action step: Open a savings account

  • Action step: Set up automatic $10 weekly transfers

Step 4: Make More Money

Making more money increases your income. Exploring better job options and side gigs brings in more funds to support your family. Can you get a better job or pick up side work? Are you able to register for a course and learn something new?

  • Action step: Update your resume

  • Action step: Research jobs on weekends/nights

Step 5:Get Money Help

Getting money help from experts gives you personalized guidance. Talking to financial counselors and groups provides the advice you need to manage your situation.Talk to financial experts who understand your situation. Don't go it alone.

  • Action step: Contact a financial counselor

  • Action step: Join a single mom support group

Implementing each of these steps empowers you to slowly take control of your finances. Small actions create confidence and financial security.


With small steps, you can feel more secure. Want more tips?

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