Saving may seem easier if you were saving for a new car, or a vacation however when it comes to saving in general it may prove to be more challenging because you may not necessarily feel you are receiving a reward from it. However saving pays off, especially as a single mother. All you need to do is simply spend less than you make each month.

You are going to want to establish a budget. First, make a list of all your monthly income. Next, list all your monthly expenses. This will show you how much money you have coming in each month and how much money you have going out.

Now circle your three largest expenses. For most of us, they usually are rent or mortgage, auto expenses, and food. Sometimes this could mean, selling your house and buying something smaller, or taking the bus opposed to spending more money and maintenance on your car. Your main goal is to get your expenses as minimal as possible even if it means giving up things you thought you could never live without.

People will find that by moving to a cheaper geographical area, an older apartment, and walking rather than driving will immediately free up hundreds of dollars per month. If you were working a second job, the amount of overtime you were putting in before or hours spent at a second job should start to decrease. The money saved from using new alternatives should go towards paying off debt.

Another great money saving tip is to cook and make lunch opposed to hitting the drive through or picking up a pizza for dinner. You can save hundreds of dollars by cooking.

Its easy to cook and can be fun too. Borrow cookbooks from friends or your local library. You