Adjusting to life on one income after the birth of a baby, an illness where one partner can no longer work, death of a partner or a divorce can come as a huge shock. For couples acustomed to living on two incomes or in the case of once again being single the shock is just the same. Keeping track of spending can seem a daunting task let alone coming up with ways to make dramatic cuts. In the case of couples at least you have someone to discuss it with. Newly singles will have to rely on family or friends to advise – that is if you want to discuss your private financial affairs with them! Don’t let the big picture or the big sums put you off. Go to my favourite ebook superstore cbdeluxe there is a wealth of information there. I found myself alone again after my divorce many years ago and the net was not available then. I found the best way to handle the changes was with small manageable steps.
Set your priorities. Don’t look at a budget as what you can’t have, view it as a priority planner. Write down all your expenses like home loan repayments or rent, car payments and registration, childcare (if you have children) and utility bills. The biggest...