How do we go about stretching those dollars to make ends meet and still put money aside for a rainy day? Here are some articles that I discovered that address this. This is especially relevant for single parents who might be working the minimum wage jobs. Don't give up! Folks before have done it and lived to tell.
1. There is a wonderful group called the Women'>http://spaces.msn.com/MSNMoneyWomenInRed/">Women in Red that share their money saving options. Learn what tricks they use to stretch a dollar.
2. For those that are living on $31,000 or less a year, there is a wonderful inspiring story of a lady who has done just that, and lived to tell. Tricia has managed to parlay her $533 a week into savings to support 3 kids, 2 mortgages and 1 car payment, and still manages to get money into her savings account. Read her story here.
3. Breast feed your child. Yes, you heard me right. Breastfeeding is not only better for your child, but is very cost effective. The average cost of formula is a lot more than $3 or $4 per can and children go through it much faster than breast milk. Breast milk has tons of added benefits - builds the childs immunity system, has been found to develop children with a higher IQ, and provides a great way for mother and child to bond. Mothers, you also burn tons of calories when you breastfeed, your uterus returns to its original position faster, and you get much needed sleep. Can't beat it.
4. If you aren't squeamish and have a back yard, grow a little garden. One lady fed a family of four AND a neighbor from a 10-by-15-foot garden. Very healthy for you (more exercise) and all organic!! Glowing skin and healthy insides are a sure way to reduce your doctor's bill too.
5. Fly cheap. Here are two search engines that provide great fares. Mobissmo, and Itasoftware.com.
6. Buy non-perishable foods in bulk, split the price on two-for-one deals with a friend, put a dollar in a jar everytime you do the laundry, and cash in your spare change (not at the money machine because they charge you, but at the bank that will sort for free).
Good luck saving.
Monday, October 23, 2006
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