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Tag - Budget

CreditSmart - We Help Single Moms

5 Ways to Financially Survive Each Month as a Single Mother

Managing your finances alone is only one of the hardships as a single mother. The huge responsibility that rest on you as a single mother often leads to stress, anxiety and definitely feelings of depression or hopelessness. *According to Statistics South Africa, 45.6% of South Africa`s children are raised by single mothers. (*http://www.statssa.gov.za/wp-content/uploads/2018/03/Mbalo-Brief-March-2018.pdf) Although this statistic is quite shocking, it helps to remind the single mother that there are others like her. With that said, the question remains: How will you survive [...]


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Importance of a Budget

The Importance of a Budget

Recent studies have shown that only one out of every three individuals prepare a detailed written or computerized budget on a monthly basis. Even fewer individuals prepare a detailed long term financial plan. ‘’Why go through the hassle of drawing up a household or personal budget in the first place?’’  -you may ask. Financial planning is needed to plan our spending, and without this planning it is easier to overspend on the non essentials. When drawing up a budget you [...]


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