1. Parenting
I recently came across an interesting budget tool provided by America's Second Harvest. It's called a "Family Budget Calculator," and it is designed to demonstrate why so many families truly do not have enough money to buy groceries.

For example, here is the amount of money a typical working single parent with one child would have left for buying food after paying the rest of his or her monthly expenses:
  • In Hagerstown, Maryland: $146
  • In Grand Junction, Colorado: $129
  • In Kansas City, Missouri: -$36
  • In Jacksonville, Florida: -$168
  • In Madison, Wisconsin: -$281
Are these figures all too familiar to you? Before you start looking for a second or third job, take a serious look at where your money is going each month. Use our Budget Calculator for Single Parents to add up the money you spend each month on housing, transportation, utilities, bills, and more.

When you empower yourself to be aware of where your money is going, you also put yourself in a position to make choices that reflect your long-term goals, such as creating an emergency fund, getting out of debt, or saving to buy a home. Achieving those goals is possible, and the first step is increasing your own awareness of where your money goes each month. Once you have a handle on what you're really dealing with, you can made sound decisions about whether you need to look for additional employment, cut back on spending, or set aside just a bit more each month.
Comments
December 9, 2006 at 10:28 pm
(1) Christina says:

This is great. It has categories I’ve not even begun to think about, like savings… Sigh. I don’t have much of a cushion yet for things like that. Think I can put it on my list of things to ask Santa for?

December 11, 2006 at 2:44 pm
(2) singleparents says:

Definitely! LOL. My budget has lots of empty spaces (and negative numbers) too. I considered lumping all of the savings categories together, but I think it’s good to see the areas where we might one day down the road want to strive for. Gives me something to think about!
Best,
Jen

October 19, 2010 at 9:56 pm
(3) Savings Calculator says:

This article is super and example is so good that a Budget Calculator for Single Parents.budget calculator to figure our monthly expenses. Includes categories for child support, emergency savings, and goal-oriented savings.

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Jonshan

Savings Calculator

October 19, 2010 at 10:00 pm
(4) Savings Calculator says:

I recently came across an interesting budget tool provided by America’s Second Harvest.

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Jonshan
Savings Calculator

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