8 Steps To Surviving Financially As A Single Mom

Have you stayed awake searching late at night looking for ways for you to survive financially as a single mom? You see different articles saying things like getting a six-figure job, starting a business, saving your change, or just cutting out shopping sprees but for the actual broke single mom, this is just unrealistic advice. But what if you don’t know how to do that, or don’t feel like you are good at those things? You feel left out and that there is nothing that will help you. I have been a broke single mom on welfare, working multiple jobs to make ends meet for my daughters, and have had to turn in my change (and pop cans) weekly to give me just enough to make it to payday. I understand your struggle.

How Can You Survive Financially as a Single Mom?

If you are like I was, you may be thinking that the only way to earn more money is to go back to college and get a degree. Or, that starting a business will cost way too much money and just too hard. Where do you even start with that?! Maybe you have been looking for work-from-home jobs and all you are finding are sales or network marketing opportunities. But there is so much more opportunity out there now than ever before. Have you heard of the Great Resignation happening in the United States right now? In March of 2022 4.5 million additional workers left their jobs to work remotely or start their own businesses using the knowledge they have from their jobs. There are many business owners looking for people with skill sets like graphic design, copywriting, digital marketing, web design, admin tasks, social media management, etc.

For example- A lot of small business owners do not understand social media or don’t have the time to post on their social media sites. They are wanting to hire a social media manager to post and interact on their social media channels. You can learn how to become a social media manager, and then create a package to sell to the small business owner for $500 per month per client. If you were to get two clients that would be an additional $1,000 monthly for you.

Will Owning a Business Help You Survive Financially as a Single Mom?

Why do I teach business ownership as the best way to survive financially as a single mom? Well, to keep it simple… there is truly no cap on how far you can grow your income. I fully believe that single moms can have a purpose, passion, and multiple paychecks. For single moms, being able to pick your schedule, the type of clients you want to work with, and what type of work you will or will not do are some of the benefits you get with being a business owner. Below are the eight steps you can start today and survive financially as a single mom (even without having a current skill set):

Step 0 – Wealth Mindset

Having a poor relationship with money is the biggest hurdle that keeps so many broke. Sadly, most of us were taught growing up that “money doesn’t grow on trees” or that “we’ll never be able to afford that”. That sticks with us as adults and we teach our kids the same, but it is time to break that cycle. Relying on government aid, charities, and grants is a great band-aid to help you get through the rough time, but it doesn’t fix the problem. Nobody is coming to save you (especially a man), and you have to want more for your life and your kids.

Step One: Get clear on your vision

What do you want to achieve in the next five years? What kind of lifestyle do you want? What kind of impact do you want to make? What is your purpose in life? What are you passionate about? When you get clear on what you want, it’ll be easier for you to take steps towards achieving your goals. Action Step: Grab a piece of paper and write these down.

Step Two: Look at your environment

Looking at your environment doesn’t mean that you have to spend a lot of money or go out and buy things. But it does mean that you should declutter your space, both physically and mentally. Make room and time for the things you want to achieve. This will help clear your mind and allow you to focus on what’s important. Action Step: Clean a spot for you to work, and put all of your activities in your calendar. Where are the time slots where you can work on achieving your goals?

Step Three: Identify your skillset

What skills do you have that people are looking for? These don’t necessarily have to be job-related skills. They could be personal skills, like time management or organization. When you know what skills you have to offer, it’ll be easier to find ways to monetize them. If you are wanting to learn new skills that are in demand and may pay more, check out Udemy for training. Action Step: Write down all of the skills that you have, or skills that you would like to learn.

Step Four: Identify your resources

Who can help you get to where you need to be? This could be family and friends, mentors, or even online resources. When you know who or what can help you, it’ll be easier to reach your goals. Successful Single Mama is a great place to start and has a 21-day step-by-step free training that shows you how to create your own home business. Action Step: Register for your free training.

Step Five: Create exposure

Attract the right people who will buy what you have to offer. This could be done through networking, social media, or even just word-of-mouth. When you have exposure, it’ll be easier to make sales. Action Step: Find 3 or 4 business groups on Facebook and start giving education on your skillset inside of the group and network with other business owners.

Step Six: Get good at sales

A very important step if you want to survive financially as a single mom. You need to be able to sell your products or services in a way that’s compelling and convincing. This doesn’t mean that you have to be pushy or aggressive. But it does mean that you need to be able to attract people to you and educate them so they will want to buy from you. Action Step: Watch this Selling Made Simple YouTube video by Myron Golden.

Step Seven: Look at your data

What’s working and what’s not? This will help you adjust your strategies and ensure that you’re on track to reach your goals. Making decisions can sometimes come from an emotional place, and we want to stay away from that in business. Action Step: Go to Google Sheets and create a spreadsheet to track your activities daily.

Step Eight: Give them a great experience

The most important step of all. If you want to survive financially as a single mom, you need to give your customers a great experience. You want to provide excellent customer service, deliver on your promises, and go above and beyond their expectations. Action Steps: Write a thank you message that is sent over when they buy services from you.

Now It’s Time For You To Start

As a result of following these eight steps, and completing the action steps you’ll be well on your way to surviving financially as a single mom. Just remember to be consistent and to take action on your goals. You can do it!

If you’re a single mom struggling to make ends meet, these eight steps will help you survive financially. From getting clear on your vision to taking action on your goals, these tips will set you up for success. So get started today and see the difference it makes in your life!

Do you have any other tips to add? Share them in the comments below! And if you found this post helpful, please share it with your friends! Together we can help single moms succeed!

Looking for more tips on how to Survive Financially As A Single Mom? Join our 21-day step-by-step training where we show you how to implement these 8 steps.