Life isn't easy for most single parents. As they struggle to fill the role of the absent parent, they also have to look for ways to make things work on a limited budget.
If that is the case with you, here are a few tips to help single parents get the most for their money.
1. Tell vendors you're a single parent. If bargaining is an option for purchases like Christmas trees or garage sale items, it may not hurt to let the salesperson know that you are a single parent. Sometimes they will sell you goods at a reduced cost if they understand your budget limitations. Or they may have lower-priced stock available for someone with a fixed income.
2. Buy second-hand. From furniture to clothing, second-hand deals can be valuable ways of saving money and still getting quality items. Check newspaper ads, online stores, or community shops for bargains in used merchandise. Contact the local thrift store to find out if they sponsor a sale day or offer discounts occasionally.
3. Shop cheap. Stay out of expensive stores where you may be tempted to buy things you can't afford. Instead, haunt the dollar stores that are springing up all over. Many times you can get food, clothes, home maintenance supplies, and other helpful items at a fraction of the price you would pay elsewhere. While the quality may not be as great, the savings may be great enough to make the purchase livable.
4. Coast for free. Borrow videos from the library instead of renting or buying them from the store. Go the park for free entertainment. Visit shops that hand out free samples on certain days. Watch for store or restaurant openings, new businesses, and other special events that often run promotions to give away free services and products.
5. Shop for coupons before you shop for merchandise. Check magazines, mail fliers, newspapers, and the Internet for coupons that can save money on your favorite items. Keep an eye on the television and an ear on the radio for upcoming sales events. Contact your favorite product's company to ask about possible samples or coupons.
6. Make it yourself. From clothes to snacks and everything practical in between, learn to make some things yourself and save money. Bake a birthday cake instead of ordering one. Make a skirt rather than buying one. Instead of hiring a needed repairperson, learn to do it yourself at the library or call a home materials supplier and ask for advice. If they can’t help, see if you can barter services by cooking a meal or typing a few letters in exchange for a home repair.
7. Join an online or live single parents' group to exchange budget ideas. Look for cost-cutting tips in the newspaper or in a magazine. Ask friends and family for tips on getting what you need at a low price or in used condition.
Saving money can be challenging for single parents. But a few easy steps can make all the difference in whether you succeed or fail.
