specific budget tool or app<\/a>; the main point here is to update your spending list on a timely basis. Once you have your records, you can compare it to your revenue. If your expenses are greater than your revenue, it means you are living way beyond your means; the same can be said to the opposite of it. <\/p>\n\n\n\nFixed and Discretionary Spending<\/h3>\n\n\n\n
Your budget should be categorised as your basic needs and wants divided into two groups: fixed expenses for your needs and discretionary expenses for your wants. Doing so prioritises the basic needs for yourself and cuts spending to the discretionary expenses.<\/p>\n\n\n\n
Stick To Your Budget<\/h3>\n\n\n\n
The second and most important in our budgeting tips would be to stick to your budget. Once you have managed your finances it is up to you to maintain it. It is important that you have a goal at sight when you are budgeting, doing so will motivate you to be consistent in spending within your means. <\/p>\n\n\n\n
Single Mum Treats<\/h3>\n\n\n\n
We also recommended that you treat yourself periodically, whether it may be on movies or outing with the kids, it is important that you feel the fruit of your labor. Skimping on little things may cause you to feel deprived and end up splurging just to feel happy.<\/p>\n\n\n\n
Longer Term Financial Perspective<\/h3>\n\n\n\n
Budgeting is an important component to financial stability. As long as you are spending within your limits, a budget is a great asset for helping you through the thick and thin of it. These budgeting tips will help the single moms stay financially sound and maintain a good score on their credit files.<\/p>\n","protected":false},"excerpt":{"rendered":"
Many single mums think of budgeting as denying oneself of the joys when it comes to spending. Budgeting helps you gain financial flexibility in order to cope with life changing experiences such as divorce, children or any other things that may influence you financially. <\/p>\n","protected":false},"author":2,"featured_media":117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,11,14],"tags":[19,20],"acf":[],"_links":{"self":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts\/1"}],"collection":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":0,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/media\/117"}],"wp:attachment":[{"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.justbudget.com.au\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}