5 Keys To Thriving Financially As A Single Mother | The Odyssey Online
Start writing a post
Relationships

5 Keys To Thriving Financially As A Single Mother

Can you thrive financially as a single mother? Yes, and it may be easier than you think, especially if you have the right support. And when the support isn’t naturally there, you find that for yourself.

103
5 Keys To Thriving Financially As A Single Mother
photo

In This Article:

Statistics say that single mothers are much more likely to be poor than married couples. But it doesn’t have to be that way. While taking care of your children alone is an everyday struggle, single mothers worldwide are working to change that and leave a legacy behind.

Can you thrive financially as a single mother? Yes, and it may be easier than you think, especially if you have the right support. And when the support isn’t naturally there, you find that for yourself. This is how Rebeca Elizabeth, a single mom of three boys and a Trauma-informed Mindset Coach, became the successful entrepreneur she is now, having decided she needed to make a permanent change for herself while she was in an abusive relationship. She now dedicates her career to guiding single mothers on their journey to turn their vision into reality.

Rebeca’s journey through hardship was the foundation for a better future. Despite a life full of financial and personal setbacks, having experienced trauma since childhood, and repeating negative relationship cycles that led to further mental health issues, such as depression, anxiety and PTSD, Rebeca never stopped dreaming about success.

She started making changes for the better when she decided to end the cycle of abuse and poverty by working on her mindset and educating herself on financial management, something she never learned to do at school despite her Graduate Level education. Every aspect of Rebeca’s life has been on an upward trajectory since that moment.

From being trapped in one abusive relationship after another, working multiple jobs, and hardly making ends meet, Rebeca became fully empowered in her mindset. And she did so without an external support system to begin with. As a result, she became a successful, happy and healthy single mother who is now selflessly sharing her story and helping other single moms like her become financially successful, too.

Do you want to know Rebeca’s formula for success? Here are 5 pieces of advice she wants to share with us.

Put pen to paper

When on a mission to change your mindset and your life, it will help to write in a journal. Writing down your thoughts in a journal is often overlooked, but this is a success secret that Rebeca wants you to know.

Rebeca states that it’s imperative to have two different journals, one positive and one negative. Journaling is a great tool for overcoming limiting beliefs and opening a path for self-development. It’s important to organize your thoughts on paper and pour your heart out so you can go back and see what is hindering you from following and achieving your dreams and goals, and create action plans. But if you go back to read your journal and you are just re-reading the negative emotions that you wrote down, it becomes counterproductive.

This is why Rebeca states that two journals are necessary. The negative journal is meant to release and validate your negative emotions and heal them, and your positive journal is meant to create affirmations and vision writing that can be used for self-reflection and empowerment throughout your journey.

So whenever you feel anxious, scared, or frustrated, it’s a good idea to pick up your negative journal and process your emotions through writing. Then, pick up your positive journal and write down the opposite of what you wrote in your negative journal, detailing a story of how you would rather your life be happening. This process of identity shifting is imperative to improving your life, as it maps out your goals and dreams in your subconscious mind.

It works, no doubt about it.

Be your money’s boss with proper budgeting

All too often, people think that being wealthy means you won’t have to worry about where you spend your money. On the contrary, purchasing without budgeting is a misconception people believe to be true, and you can end up spending more than you make.

Whether you earn $10 an hour, or $50 an hour, knowing where your money is going will help you create financial stability. If following a budgeting plan seems hard, there are tons of personal finance apps nowadays that can help you stay on track with your expenses.

However, Rebeca warns that budgeting should not lead to limited thinking, but should just be done solely to become aware of where your money is going. She states that budgeting is intended for you to become money’s boss and tell it what to do and where to go, finding better ways to manage it and creative ways to make more.

And if you don’t have access to your financial information because you’ve surrendered this job to your spouse or partner, you will always find yourself under the mercy of someone else when it comes to your money.

Rebeca states that you can still practice budgeting, even if you share expenses and accounts with your partner. She encourages women to always have their own individual accounts, even if joint accounts are mainly used in a household. If this becomes an issue with your partner, that is a major red flag you need to take notice.

Know where and when your money goes and you will find yourself feeling empowered to purchase things such as a house and have enough set aside to secure your children’s future, as well as your own.

Practice self-love

Moms are typically inclined to put others before themselves, and think of themselves last, if at all, so practicing self-love and being good to yourself is easier said than done. But this is key to any kind of success, not just financial.

Rebeca states that one of the ways to practice self-love with reference to your recovery from financial hardship is by educating yourself. Only when you learn how to make smart decisions with your money will you see changes. So start by investing in yourself.

Regardless of how much you earn, Rebeca recommends that you start by paying yourself first and you will see improvements in time. Every time you get paid, take at least 10 percent of your salary and tell it what to do. Whether you are looking to invest, put it in a college fund, have a guilt-free spending account, or save it, you are your money’s boss and you are making it work for you.

According to Rebeca, you worked for your income, so you deserve to get paid before everyone else does.

Pay yourself first!

Reprogramming your subconscious

Working on your mindset and reprogramming your subconscious doesn’t happen overnight. It takes a lot of work, but it eventually pays off, especially when you are consistent. One of the best ways to reprogram your subconscious is to listen to affirmations daily and even when you sleep.

Yes, you heard that right. The human brain is open and receptive while we sleep, so whatever messages we listen to during sleep are crucial to reprogramming the subconscious mind.

Affirmations are readily available online, or you can create your own and record them as voice messages on your phone. If you don’t know how to start or are unsure what you want, Rebeca recommends that you start by writing down what you don’t want and turn those limiting beliefs into positive affirmations.

Start small

Finally, you have to take action to improve your quality of life. Sitting there and reading about how to change your life is alright, but the results can be seen once you get up and actually start taking action.

Whether it’s reading about the Law of Attraction and trying to make it work for you, or putting that 10 percent aside each paycheck, or something as simple and small as writing in a journal, every little bit helps. Small actions compounded over time can make a massive difference.

As a single mom, you feel best when you know your children are well cared for in all areas. This means, not only being able to provide food on the table, dress them, and give them a solid education, but also giving them the emotional, mental and physical stability they need for a better future. The way you do this is by becoming the best version of yourself so that they could emulate your resiliency, discipline, nurturing, and love in all of their endeavors.

So go ahead and try these tips from Rebeca Elizabeth to see how they can help you thrive financially as a single mother. What do you have to lose?

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Entertainment

Every Girl Needs To Listen To 'She Used To Be Mine' By Sara Bareilles

These powerful lyrics remind us how much good is inside each of us and that sometimes we are too blinded by our imperfections to see the other side of the coin, to see all of that good.

584111
Every Girl Needs To Listen To 'She Used To Be Mine' By Sara Bareilles

The song was sent to me late in the middle of the night. I was still awake enough to plug in my headphones and listen to it immediately. I always did this when my best friend sent me songs, never wasting a moment. She had sent a message with this one too, telling me it reminded her so much of both of us and what we have each been through in the past couple of months.

Keep Reading...Show less
Zodiac wheel with signs and symbols surrounding a central sun against a starry sky.

What's your sign? It's one of the first questions some of us are asked when approached by someone in a bar, at a party or even when having lunch with some of our friends. Astrology, for centuries, has been one of the largest phenomenons out there. There's a reason why many magazines and newspapers have a horoscope page, and there's also a reason why almost every bookstore or library has a section dedicated completely to astrology. Many of us could just be curious about why some of us act differently than others and whom we will get along with best, and others may just want to see if their sign does, in fact, match their personality.

Keep Reading...Show less
Entertainment

20 Song Lyrics To Put A Spring Into Your Instagram Captions

"On an island in the sun, We'll be playing and having fun"

472859
Person in front of neon musical instruments; glowing red and white lights.
Photo by Spencer Imbrock on Unsplash

Whenever I post a picture to Instagram, it takes me so long to come up with a caption. I want to be funny, clever, cute and direct all at the same time. It can be frustrating! So I just look for some online. I really like to find a song lyric that goes with my picture, I just feel like it gives the picture a certain vibe.

Here's a list of song lyrics that can go with any picture you want to post!

Keep Reading...Show less
Chalk drawing of scales weighing "good" and "bad" on a blackboard.
WP content

Being a good person does not depend on your religion or status in life, your race or skin color, political views or culture. It depends on how good you treat others.

We are all born to do something great. Whether that be to grow up and become a doctor and save the lives of thousands of people, run a marathon, win the Noble Peace Prize, or be the greatest mother or father for your own future children one day. Regardless, we are all born with a purpose. But in between birth and death lies a path that life paves for us; a path that we must fill with something that gives our lives meaning.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments