Top 5 Home Financing Tips For Single Mums

The 5th-century idea of what a woman should be doing-staying at home taking care of the house, cooking and birthing- is more than the word ‘archaic’. Unfortunately, this reality is not seen in the workforce where us women, are still being underpaid compared to our male counterparts.

However, this has not stopped a lot of mums from becoming the heads of their families.
Most mums already make the big financial decisions in their households so taking the reigns comes naturally.

Even though this is a good thing, in more ways than one, it can be difficult for women to switch roles, so to speak, since most of them were raised in a very male-dominated world, regardless of their generation.
This, nonetheless, is becoming easier now. Here’s some advice on how to be an amazing breadwinning mother.

#1. Make monetary decisions with your partner

Consult your spouse regardless of how much you make. Doing this is actually very good for your relationship with him and it will strengthen your marriage. Talk about killing two birds with one stone, huh.

#2. Get enough insurance

As much as we do not like to think about leaving our families behind, it is a daily possibility that we all live with. We have incorporated these dangers into our lives. For this reason, make sure you buy life insurance for both you and your spouse just in case something happens to you. This way, your kids will be taken care of after you are gone.

You should think of buying a disability insurance just in case you cannot work in the future. Doing these things will put your mind at ease whether you are the primary breadwinner or doing everything on your own in the case of a single mother.

#3. Hire a house-help

As salaries increase, bosses demand more time spent in the office so you really won’t have enough time or energy to do chores during the week, at least. But when you have a housekeeper, all these things will be taken care of and you can focus more when at work.

#4. Save for the new one

If having kids is in your mind for both you and your husband, then take some time to save for the future new member(s) of the family even if your employers pay for maternity leave. Also, ask your boss how much time you would have off when that time comes.

#5. You can’t do it all on your own

If you are going to work long hours after the baby comes, you might want to adjust your hours as your child grows up. This is so you can attend as many school events like recitals, meetings and the all-important graduations. You cannot be in two places at once. Or is there something you’d like to tell a physicist?

#6. The bottom line

As much as you are the mother and that you do everything for everyone else, do not hesitate to ask for help or a day off from being a mum once in a while.

Go out and have coffee with the girls or treat yourself to a mani-pedi or even a whole day at the spa. Remember to relax because stress sustained over a long period of time will cause sickness. We certainly do not want that.