CareerDating/CourtingFinanceHomeParenting6 Tips for Single Mothers to Maximize a Small Income

As a single mother, money can be a challenge when you have another life or lives to account for and you take on the bulk of the responsibility financially. Recently, I’ve been being challenged by God to not panic but to take a step back and really look at what I have to see how I can get the most out of it.  My job doesn’t pay the best but I’ve found that it is...
Avatar Content Team5 years ago2138 min

As a single mother, money can be a challenge when you have another life or lives to account for and you take on the bulk of the responsibility financially. Recently, I’ve been being challenged by God to not panic but to take a step back and really look at what I have to see how I can get the most out of it.  My job doesn’t pay the best but I’ve found that it is doable and it is teaching me a few things about my perspective(s) on money. Here’s what I’ve been learning so far:

1. More doesn’t necessarily mean better off. Yes, increase is great but more money can possibly create more problems if you have not mastered financial discipline. It is best to assess and be honest with where you are and what you can handle financially. Sometimes it’s not about having more to work with; the beauty in learning to maximize the small can be of great value to your future.

2. Work with what you DO have. With wisdom you can really make any amount of money fit your needs, trust me I am a witness. I’ve found that the key is prioritizing what is most important, eliminating or doing without things you want but don’t necessarily need right now, and using wisdom with how you spend what is left over.

3. Steward well over what you have. In Matthew 25:21, we see that Jesus gives the parable of the talents: The master was full of praise. ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together! Please know that God sees our irresponsibility and undisciplined practices with money, He cannot trust us with more if we do not steward or manage the little that we have properly.  I’d like to believe that God delights in increasing us but not if we will use it to cause more damage to ourselves financially.

4. Tap into resources that can help generate income.  And I don’t mean a get rich quick scheme. What is in your hands to create that can be a stream of extra income and potential wealth? Do you have a niche, a talent or hobby that can produce income? Or, can you learn to create something that can stream income into your home? Think of the Proverbs 31 woman who built her home, went out into the marketplace and generated income for her household (YouTube and the internet are full of DIY projects and crafts to learn). Find your niche and work it!

5. Spend your money with your FUTURE in mind. That will eliminate poor financial choices when you think of it this way. Everything we do or don’t do today inadvertently effects our future, especially when dependents are involved. Don’t cause for those depending on you financially to suffer at the expense of your poor spending habits. Again, assess and be honest with where you are. Do not try to live above your means to keep up with the Jones’, know your limits and stick to them.

6. Don’t despise small beginnings. It won’t be this way always. Instead of seeing this season as a struggle, see it as a small beginning. As you grow in wisdom financially, your finances will in turn grow. It is all about diligence, hard work, prioritizing and discipline.

Contirbuting Guest Writer Bio:
Shevante Walker is a woman of God, mother, daughter, sister and friend aspiring  to touch many lives with her testimony. Currently seeking her Bachelors  of science in Psychology, she has hopes of one day becoming a counselor  to aid in the healing of people’s minds, lives and spiritual well-being. It is her desire to allow the healed parts of her to heal the  brokenness in others. She is a liberator who longs to see people break  loose from the condemnation of their past and living in the freedom of  their future! 
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Content Team

This article was written by Godly Today's content team.

2 comments

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    Roderick

    October 6, 2016 at 6:33 am

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