FINANCE FOR SINGLE MOM

Grants
 There isn't any specific grant for single mothers that available from the government.  However, we try our best to gather some useful links for you.  Hope you can find these useful information about grants, available money from the government or any other non-profit organization for single mothers.

Financial Gifting Program
The purpose of our monthly "Financial Gifting Program" is to serve as support assistance to single mothers nationwide.  The more donations we receive at SingleMom.com, the larger the gifting fund becomes, making available to single mothers additional funds to make ends meet.

Resources & Research

The Most Unusual Tax Deductions Ever! From Strippers and Fallout Shelters to Dentures and Dancing Lessons - Sources collect by Amanda Bach - Every year, taxpayers test the limits of the Internal Revenue Service (IRS).  Scrap yard owners deducting cat food?  Clowns deducting travel expenses?  How about a deduction for your hot tub as a medical expense?  H&R Block, after 50 years and more than 400 million tax returns, has scoured the archives and compiled a list of the most outlandish deductions ever submitted to the IRS.  You won’t believe some of the deductions that were actually approved by the IRS!  But remember, it’s always better to be safe than sorry.  When in doubt, always consult a tax professional about questionable deductions. You can also compete to win great prizes like a new laptop computer by testing your odd deduction knowledge with H&R Block’s free online Deduct-a-Buck quiz, www.DeductABuck.com.

5 Ways to Safeguard Your New Baby's Financial Future - Life-Line.org - Your beautiful new baby has arrived and you think you've got the safety thing under control. The house is child-proofed, you've got the pediatrician's phone number posted on the fridge, and a brand new car seat sits in the back of your minivan.  But physical safety is just part of the challenge. Unless you're Julia Roberts and your baby has a multimillion-dollar trust fund, you need a financial game plan that will keep your baby financially safe in times both good and bad.  Here are five steps from the nonprofit Life and Health Insurance Foundation for Education (LIFE), to help you get started on the right financial foot.

Experts & Authors Interviews
THE LAST CHANCE MILLIONAIRE: It’s Not Too Late to Become Wealthy - By Douglas R. Andrew- Regardless of whether you’re retiring in just a few years or down the road, this book can help anyone overcome the most common obstacles to generating wealth with a set of beyond-the-standard financial strategies. This Top Wealth Strategist Will Help You Become a Millionaire...Even If You're In Your 40's, 50's, or 60's ... It's Not Too Late To BECOME WEALTHY... Make Money Quickly, Safely, and Tax Free ... With Proper Financial Planning and Mortgage Management. NOW, more than ever, Douglas Andrew's years of experience are needed by American Boomers.  And, he has opened up a treasure chest of wisdom and giving us renewed hope for a sound financial future...no matter what your age...  In this book Doug shows people how to understand and use positive money-making strategies. You are in control of your financial future, and it is more than just a mindset, you get a secure proven game-plan that many have used to increase their fortune by 20 times or more. "When it comes to retirement planning, most Boomers are confused, disappointed, and they feel powerless and isolated.  Some even feel that taking a late retirement and counting on an early death is their only option."  If that hits too close to home to get a chuckle, then you have plenty of company. 78 million Americans were born in the "Boomer" years will hit retirement age in the next 20 years. And, the frightening is that they headed for financial disaster.
 

Money-Saving Tips - By Jacquelyn Lynn - Author of Online Shopper's Survival Guide - A comprehensive guide to buying on the Internet, Online Shopper’s Survival Kit will teach you how to effectively and safely shop online for just about anything. With input from expert buyers and sellers, it discusses strategies for getting a great deal on online merchandise, including the top categories, like cars, real estate, and travel services. It reveals how to recognize and avoid scams and frauds and discusses consumer protection issues. Shopping online is the easiest way to find the lowest price for whatever it is you want. But there are plenty of ways to save money besides just getting a good buy.

The Maui Millionaires - by David Finkel, Diane Kennedy, CPA - Being invited into a secret gathering of millionaires in Maui is intriguing, yet as investment experts David Finkel (The Real Estate Fast Track) and Diane Kennedy (Loopholes of the Rich) point out, distinguishing millionaires as an elite group is the first barrier to be broken down. After challenging readers to question their beliefs and limitations about money (or "upgrade your wealth operating system" as they put it), the authors move on to their "25 keys to dreaming big," including instructions on how to build a group of mentors who will help make your dreams come true. Charitable giving and strategies for leaving a legacy round out the final chapters. While most of these ideas won't be new to self-help readers or Oprah fans, those who haven't considered the impact of negative childhood lessons about money or current limitations to dreaming bigger may find the book fairly insightful. For those who have encountered these ideas before but haven't implemented them, the exercises and suggestions provide a concrete call to action. Until readers have built enough wealth to attend the actual Maui Millionaire event (priced at $30,000), this book—and its frequently referenced online tools——provide a decent insight into millionaire thinking.
 

Don’t Just Dream; Execute By Setting Goals - By Lynnette Khalfani - Author of The Money Coach's Guide to Your First Million - Too many people dream of becoming a millionaire but have no real plan for how to achieve it. Well, you can’t become a millionaire just by dreaming, wanting, or wishing for wealth. So many times we get caught up in daily tasks and activities that we forget about setting substantive goals for the future. But in order to accrue substantial wealth, it’s essential that you write out your short-, medium-, and long-range goals. Some of you may not have thought about your own goals much lately. Perhaps your life has been consumed by your children’s world; their needs and wants always come first, and you constantly put your desires on the back burner. It’s a mistake to do that. Financially speaking, you can get yourself so wrapped up in another person—whether that individual is your child, partner, or parent—that you neglect yourself and fail to engage in smart, practical financial planning. You don’t want to look up 20 years from now and think that you should have managed your money better when you were younger.
 

Everybody Wants Your Money - by David W. Latko - Personal finance guru David Latko cannot tell a lie, and he’s out to expose the liars behind today’s biggest rip-offs—from realtors and stockbrokers to car dealers, bankers, financial planners, and even predatory family members. What sets David Latko apart from other financial commentators? Just ask anyone who has listened to “Money & More,” the roof-rattling national radio show he co-hosts with “professional iconoclast” Earl Merkel. He is not a slick “talking head” delivering hot new stock tips. He’s not the Pollyanna commentator who reduces money management to a few too-good-to-be-true steps. Instead, he uses vivid, real-life tales from the trenches and down-to-earth scenarios to deliver the straight talk on financial issues that affect us every day. His delivery is jargon-free and packed with eye-opening facts the financial industry doesn’t want you to know. His goal is to empower you so that you can be an informed, savvy, world-wise investor who can spot a wasteful surcharge a mile away. With David Latko as the umpire, the game is up for that unscrupulous brother-in-law who wants you to buy into his get-rich-quick schemes or the investment counselor who stops returning your calls as soon as she’s cashed her commission check. David reveals the kind of information you can take to the bank—reaping the rewards for the rest of your life.

8 Myths About Money - Loral Langemeier - Master Coach and Author of The Millionaire Maker - I grew up on a farm in Nebraska. My family had always worked hard for their money, and as a result, I always equated working hard with making money, with no idea that my beliefs could not have been further from truth. As I educated myself on human behavior and financial strategies, I learned that it’s actually the people who make their money work hard for them, rather than the people who work hard for their money, who end up with more of it. Since creating my millionaire-making program, I’ve learned that I was not alone. Much like our views about many things -- people, relationships, food, and health to name a few -- our beliefs came from our parents, our teachers, and other adults in our lives. These beliefs are ingrained, and because they’re usually subconscious, the cycles are continuous -- until someone breaks them. Beliefs about money are many and varied, but in my research, I’ve discovered that there are a few that predominate.

Start Talking! 20 Questions to Ask when Mom or Dad Retires - by Ellen Freudenheim - author of Looking Forward: An Optimist’s Guide to Retirement - So your parents are retiring! What’s that got to do with you? Plenty, it turns out. Retirement is a change in life status that can affect the whole family. What’s at stake? Oh, not much—just money, health and relationships. Here are 20 questions to ask your parents, whether they are about to retire, or currently retired. But take it slowly! You don’t need to ask every question the morning after the big retirement party!

Tips for Single Moms From Mostchoice - monthly advice from MostChoice.com - MostChoice.com is a company that provides a combination of both online quotes and professional help from insurance agents, mortgage brokers, and real estate agents depending upon a customer's needs. MostChoice.com seeks to simplify and speed up the process of buying insurance and financial products by combining complete, impartial online information with the offline help of independent local agents.

10 Tips for Single Mothers Looking for Health Insurance - By: Mike Levy - Chairman and Co-founder of MostChoice.com - Health insurance is a vital part of your full planning picture.  Without it your safety and the safety of your family is jeopardized; most qualified heath care providers will not treat you without health insurance. As we all know, health care is very costly; a prolonged illness or serious injury can easily bankrupt a family without insurance.  Not having it is an endangerment to everything you have.  After you have read the basics on this page, you can go to Choosing a Health Insurance Plan to understand more about all the choices available for your situation.

Articles & Tips About Finance for Single Moms
Tuesdays in the Pocketbook: How to Keep Divorce from Devastating Your Family Finances - By DK Simoneau - www.werehavingatuesday.com - Author of "We're Having a Tuesday" - Let’s face it.  Getting divorced is a financial blow to any family.  It is quite a touchy subject.  Even in the best of circumstances there are double the housing expenses because suddenly there are two homes to support.  Ah you know, two phone bills, to cable bills, two water bills and so on.  When there are kids involved and split-family living becomes the lifestyle of choice for the foreseeable future, finances can get even stickier.  If you are on reasonable terms with your ex-spouse there are some ways to avoid common pitfalls of supporting your kids financially.  If you are not, there are still limited actions you can take without having to involve the family lawyer, they just may not be as equitable.

The 10 Mistakes to Avoid in Real Estate Deal - By David Finkel - He is one of the nation's most respected wealth masters. A former Olympic-level athlete, he is a self-made multimillionaire and the co-creator of Maui Mastermind, the world's most exclusive wealth retreat. He is also the bestselling author of five financial books, including The Real Estate Fast Track, from Wiley, and his how-to financial articles have appeared in periodicals across the United States.

Monthly advice from our regular contributor Kelly Kennedy at singlemotherresources.com - Tips about finance to things that matter to all Single Mothers. 

About Author: Kelly Kennedy is the Communications Specialist for MindComet Corporation, a full service marketing agency for Fortune 500 companies and international conglomerates. Kelly specializes in public relations strategies focused on single mother's financial guidance. Kelly has been author to hundreds of articles focusing on single mother financial concerns. She also acts as a contributing author for a wide variety of websites and newsletters. Kelly holds a Bachelors degree in Marketing from the University of Central Florida.

Financial Guide Through a Divorce -  By Kelly Kennedy - Going through a divorce by all means is not easy.  Even coming to the realization that you want a divorce or your partner wants to separate, can all be overwhelming.  That’s just the beginning; divorces can get ugly when it comes to dividing all joint obligations.  However it needs to be done, so here are some pointers to help solve any problems that may arise.

Protect your Identity from Being Stolen - by Kelly Kennedy from singlemotherresources.com -  The first thoughts running through your head are, “How could this be?”  Unfortunately people’s identities get stolen all the time even when people think their personal information is safe and secure.

Childcare Costs and Options - by Kelly Kennedy - So you’ve had your last child and you realize its time to get back to the working field.  However finding child-care doesn’t come easy or cheap.   Here are a few tips to keep in mind and a few suggestions while searching for a child care provider.

Teach Your Kids the Basics on Money - Money Management - by Kelly Kennedy - Kids are taught about sharing, safety, acceptable behavior, physical health and safety, and good study and work habits but seldom are they taught about money. 

Single Mother Resources on How to Save on School Shopping - by Kelly Kennedy from singlemotherresources.com - School shopping can be expensive especially if you have more than one child.  Pay attention to sales and bargains and let’s not forget about tax-free week.  However there are alternatives to hitting the mall that can get you saving dimes in no time!

Solutions to Single Mothers in Debt - By Kelly Kennedy from singlemotherresources.com - As a single mother, lets admit it, times get tough.  You are fortunate enough to have your children that mean the world to you, but it doesn’t come cheap. 

An Abundant Source of Single Mother Resources - By Kelly Kennedy from  singlemotherresources.com - Single Mother Resources is a new website pertaining mainly to single mothers in need of financial help, credit and debt management, budgeting, and links to other information like grants and scholarships. Single Mother Resources is a private organization partially supported by a national non-profit organization. Many single mothers find themselves facing financial problems every day.

Being A Single Mother on a Budget - By Kelly Kennedy from singlemotherresources.com - As a parent you are bound to face a few challenges but as single mother you are bound to face challenges everyday.  Raising a child is not meant to be done alone however today it is occurring more often then traditional value holders would like to see. If you are a single mother trying to successfully raise your family you are among the many. 

A single mom's financial dilemma and a viable solution - Submitted by R. Osbourne - Lombard, IL - But Kelly, like most moms, loves her kids dearly and it will be of tremendous benefit to them…but only if the people of America understand it, are inspired (inflamed) by it, and vote accordingly.  If they do, the leaders who all seem to be lost in space these days, will suddenly be sounding intelligent and meaningful instead of totally empty and full of BS. To learn more check out Joe’s web site www.joelunchbuckett.com and click on the page labeled “The $3,000 Plan.”

Ignoring credit changes can cost you - by Bankrate.com - Before you toss that credit card change-of-terms notice into the trash without so much as a second glance, remember: Most changes benefit the credit card company, not the card holder.

Take Charge of Your Finance - Mellody Hobson - After graduating Princeton, Mellody took a full time position with Ariel Capital Management, LLC, where she had previously interned as a student. In 1994, when the company split from its mutual fund company distributor to create an independent mutual fund business, she was instrumental in this process. "That was very expensive and extremely risky," Mellody recalls of the transition that helped her master the qualities of a leader. "I had to have a lot of resolve to be convincing to my colleagues and others. And I understood that if this didn't work, then I was accountable."

 
Your time or your money?
Let's take it one step further. Last month, we reported on how men and women use their time. The upshot was: working women spend more time doing housework and taking care of their family each day than working men, while men are putting in more hours at work.

$73 million in refunds returned to IRS - by BankRate.com - Uncle Sam might have some money for you, just in time for holiday spending. The Internal Revenue Service has over $73 million in undeliverable refund checks. The reason? The agency has the wrong address for the taxpayers due the money.

Personal Finance Resourses & Tips - monthly resources & tips from our co-creator/contributor Amanda Bach - Tips about personal finance, credit report, and valuable resource to our daily life, tips that matter to all Single Mothers. 

Fighting back and file a dispute with the credit report - by Amanda Bach - If you have become a victim of Identity Theft, it probably wouldn't surprise you to learn that this crime is becoming more prevalent.

  Untying the knot - Amanda Bach - what to consider for your credit report - Deciding to part ways can be an overwhelming time. Whether you're considering a separation, moving away or filing for divorce, it's important that you give your credit special attention.

  Thinking About Cleaning up Your Credit? You Might Think Again - by Amanda Bach - "Credit repair" as advertised on the radio, TV, and Internet tends to be, at best, a waste of money and, at worst, a scam that would simply defraud you or (perhaps worse) involve you in fraud yourself. Even if a credit repair company is legitimate, there's nothing they can legally do that you can't do yourself at no cost.

  Is Bankruptcy Right The Right Thing for You? - by Amanda Bach - According to the credit counseling and the National Foundation for Consumer Credit, some experts recommend that if you cannot pay back outstanding consumer debt in three to five years, bankruptcy may be the best option for you (of course, that doesn't include long-term loans like mortgages, which are normally repaid in 20-30 years).

Break Free from Your Overwhelming Debt - by Amanda Bach - For many, debt is inevitable. From taking care of credit card bills to paying car payments, from your recent vacation to paying mortgages, it seems like there's always a bill that has to be paid.

  Preparing for an Auto Purchase - by Amanda Bach - Nothing beats the rush of taking a new car for a test drive. And getting the best deal on it feels even much better. But first things first - getting finances in gear is an important beginning to finding the right car.

  Identity Theft: The Problem - by Amanda Bach - Identity theft as we know it today has its roots in the rise of technology and the growing influence of instant credit as a means of making purchases.

Establishing Credit -  Check out this section for tools, tips, and advice on choosing and qualifying for a credit card, building your credit history, and ways in which you're responsible for wise credit use.
Credit & Reporting Agencies - How to establish your credit
Depository Accounts (Banking) - Banking basic
Balance Your Checkbook!  - How to balance your checkbook

The Finance Project
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Phone: 1- 202-587-1000
Fax: 1-202-628-4205
Website: www.financeprojectinfo.org

Articles
Basic Legal Recommendations for Women  - by Michele Howe - According to Toledo attorney, Stephen Pennington, there are some fundamental legal concerns that every woman should understand, plan, and prepare for in order to best protect her financial assets in lieu of a possible divorce, death of a spouse, or for simple common sense financial survival. It is noteworthy that each of the potentially troubling monetary difficulties cited below arrives at a time when a woman is simultaneously coping with personal loss and pain, thus underscoring the need to take preparatory measures well in advance such major life events (upsets). For every woman who does prepare, there are countless more who do not and who pay the price both financially and emotionally.

When Nest Eggs Crack - by Linda Hitt Shaver - Spirituality.com
Invest Freely in Good Ideas -  by Carol Winograd - Spirituality.com
What Really Counts - by  Linda Hitt Shaver- Spirituality.com
Single Moms : The Necessity of Life Insurance - by David F. Woods, CLU, ChFC - President of the Life and Health Insurance Foundation for Education  
How Giving Enriches  - by Ginger Filippone - Spirituality.com 
Working for the right compesation  - by Judith H. Ryan - Spirituality.com 
Why I love the IRS - by Laura Matthews - Spirituality.com 
Unlimited funds for college  - by Cynthia Guy 
The redeemption od a control freak - by Nancy Haines Challenger 
Men are women are different: from Women Financial Networks
When it comes to personal finance investments, there are instinct differences between men and women.

Basic information:Get the basic information on investment accounts, look no further.

Did you know? 
Changing jobs without jeopardizing your retirement savings - weekly tips from Women Financial Networks  

Financial Information for Women
Womens Financial Network 
Women Entrepreneur Networks 

Education and Finance
Boarding school - Staten Island, NY 

LIFE INSURANCE - by  LIFE, Life-line.org - the Life and Health Insurance Foundation for Education, is a non-profit organization established to address the public's need for information and education about life, health and disability insurance. Life-line.org is designed to educate consumers on the benefits and importance of life insurance while helping families, especially single parents. Parents can refer to the LIFE Web site to learn how life insurance fits in with an overall financial plan, as well as to find answers to most of the frequently asked questions about insurance.

NOTE: The listing of or omission of an institution, organization or corporation on this Web site does not refer to programmatic capability nor does it confer any official status, approval, or endorsement of the institution or organization itself. This listing does not purport to be a listing of all organizations and corporations. It is not the purpose of this Web site to make, or enable to be made, any representation to the public concerning the organizations listed. This listing is for informational purposes only. Any contributions or submissions you choose to make from links on this Web site are at your sole discretion.
 

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Revised: 05 Jan 2008 14:30:30 -0800