Archive for the ‘Finances’ Category

Work at Home Single Mom

June 9, 2008

One of the biggest worries I had when I began my journey as a single mom was that I would have no time to spend with my kids. I could not envision working a 9 to 5 (or worse yet a 2nd or 3rd shift) job and needing to put the children into daycare for several hours after school and for a major portion of their summer time days.

I learned about being a Virtual Assistant through an article that was written about Becki Noles of Virtual Accuracy. After reading this article I decided this was just what I wanted in order to be able to be a single mom and still have plenty of time to spend with my kids. A short while after starting my own Virtual Assistant business (Expert Business Results) I joined the Virtual Assistant Revolution . This online forum is a wonderful resource for Virtual Assistants to learn from each other and build their businesses.

My business is now three years old and I have been thoroughly enjoying the time I have been able to have with my kids.

I have to admit though that there are days when I wonder if I am doing the best thing for them since money is often a bit tight. A lot of families today are barely making it on two incomes and here I am working from home supporting a family of 5 on just my income. This past weekend my step-dad was telling me all about his son and daughter-in-law sending their daughter for horseback riding lessons and how she was going to be riding in the fair this year. I couldn’t even begin to think about something that extravagant for even one of my children. It actually made me cry to think that maybe I was being selfish in staying home and fulfilling my dream of being a stay-at-home, single mom and caring for my children. I finally reached the point where I had to find out about the children’s feelings and what they wanted. I was fully prepared to go out job hunting today if even one of them gave me the word.

I started by asking the children to write a list of things they would want to have if money was no object. They could have anything on that list that they absolutely ever thought about having. Surprisingly enough to me their lists were relatively short. My daughter wanted a better MP3 player that actually worked all the time and a Nintendo DS. Buddy wanted a Nintendo DS as well and also wanted a remote control Hummer. The 7 year old boy wanted a new pair of shoes since he was told by his dad that the new ones he bought for him were just for school and he wanted his own pair of rollerblades. The baby, well he didn’t have much of anything that he wanted. I then told the children that I would be more than happy to buy them everything on their list. At first they were all like “cool” “yay”, and etc. But then they got suspicious — they know our financial situation and they suddenly wanted to know how I was going to come up with that kind of money.

I told them that I was going to go out and start looking for a job and that they would be going to daycare while I went to work. I was amazed at how fast those lists disappeared and the whining began. Absolutely NOT was the unanimous response; to them the privilege of being able to stay home and be with me and their friends was worth more to them than any of the things they could possibly want. They started coming up with ideas of their own about how they could (1) get those things on their own and (2) if mommy really needed it how they could earn extra to help pay the bills.

I guess I’ve done pretty good so far with these kids — I remember being raised by my single dad and we didn’t get as many things as he would have liked to provide for us. But I know that I would have most likely sacrificed a whole lot if he could have spent less time at work and more time with us.

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Economic Stimulus Check

May 19, 2008

My economic stimulus check has arrived from the government; yay! I’m so happy. Since I’m in the midst of planning for our summer vacation I decided to use this bonus money to help with our summer time fun planning. The first thing I’m going to do with the money is to purchase some books for the kids. I chose to do this instead of sending them to summer school since I work from home and it would take time from my day to transport them back and forth to the school. I bought the following from Rainbow Resource:

1 Mathlink Cubes Primary Activity Book (001227)
1 Teddy Bear Counters at the Fair Activity Book (010131)
1 Pattern Block Book (013718)
1 Summer Bridge Activities 6-7 (004214)
1 Mathlink Cube Activity Book 3-6 (001226)
1 Summer Bridge for Young Christians PK-K (031751)
1 Summer Bridge for Young Christians Gr.4-5 (015149)
1 Summer Bridge for Young Christians Gr. 1-2 (031753)
1 Teddy Bear Counters - Set of 100 (018735)
1 Snap Cubes - Set of 100 (013362)
1 Pattern Blocks & Boards (011915)

These book will provide activities for the kids to keep their brains sharp during the summer and will provide enough “homework” to last them all summer long. I also purchased some learning “toys” and books to go along with them to provide the children with fun things to keep them occupied on those inevitable rainy days.

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Co-Abode

May 7, 2008

One of the biggest expense that single mom face is for housing. Many budgeting expert recommend that no more than 35% of person’s income should be spent on housing. When you’re a single parent on a limited income 35% may not go far in your area.

Co-Abode.com offers a unique solution to this problem. Co-Abode helps single parents interested in sharing a home with another single parent to find each other. Not only does sharing a house with another single parent offer financial assistance but it also offers emotional support and the ability to help each other with the task of raising a family alone.

If you have thought about the idea of sharing a home with another single parent maybe Co-Abode.com is just what you are looking for; check out their site and see what they have to offer.

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