Money Management Tips for Single Parents

Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. In this chat we discussed budgeting and spending for single parents.

The panel included: Samantha Gregory: Founder of RichSingleMomma.com; Shannon McNay: Writer for Student Loan Hero; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.

We also featured financial tips all week on Snapchat.

Questions We Discussed:

• Q1: What are the first steps a single parent should take when creating a stable financial future for his/her family?
• Q2: How should a newly single parent establish a budget? What are best practices?
• Q3: What steps should single parents take to ensure they are staying on top of their credit?
• Q4: What financial documents should newly single parents review when creating a financial plan?
• Q5: Are there any tax credits or deductions that can help reduce the amount of taxes single parents pay?
• Q6: What are best practices for establishing an emergency fund?
• Q7: What insurance considerations should single parents take?
• Q8: What should single parents know about creating an estate plan?
• Q9: What advice do you have for a single parent who is struggling financially?
• Q10: Do you have any final financial tips for single parents?

View the Complete Tweetchat via Storify:

Resource:

Single Mom Budge Sanity Worksheet via Rich Single Momma

If you’ve never heard about #CreditChat, here is a brief overview:

Relevant chats on YouTube:

• Ways to Control Emotional Spending
• How to Juggle Debt & Retirement
• How to Pay Down Credit Card Debt Faster
• How to Eat Healthy (Without Breaking the Bank)
• How to Throw a Fun Dinner Party on a Budget