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How to Stick to a Budget as a Single Mum or Single Income Family

How to Stick to a Budget as a Single Mum or Single Income Family

How can you Save Money and Stick to Your Budget When You’re a Single Mum?

There are many reasons you might be part of a single-income family.

Having experienced being in a single-income marriage, also having my husband at the time lose his job during it, then being a single mum for years, I get it.

Being a single mum has many challenges, it is usually quite an adjustment to go from either two incomes to one or to go from having the support of a partner to relying on Centrelink.

Add in the emotional turmoil and mum guilt (it’s real!), and sticking to your budget can be tricky.

Here are my tips to stay on track and some budgeting methods which have worked for me and others.

This is a long post covering a lot of different elements, don’t feel like you have to read or do it all.

Choose what will work best for you or pick one thing to begin with then add more as you get on top of things.

Note: If you like freebies and discounts, check out how to get a $100 cash bonus from ING, $14 from Up Bank or have a look at the full list of freebies, offers and discounts for every state.

How to Stick to a Budget as a Single Mum or Single Income Family
Image of woman in brown coat seated on a stool with her son on the floor next to her. Text reads how to stick to a budget as a single mum or single income family.

Disclosure, my income is variable but that doesn’t mean I can’t budget! I am not a financial advisor. I highly recommend getting proper financial advice specific to your situation to help you grow your wealth.

Advice in this post is of a general nature. Also, there are a few affiliate links here for products I use. You can read my full affiliate disclosure here.

How to Create a Budget and Stick to it

Creating and sticking to a budget doesn’t vary much whether you are married, single, have kids or not.

The basic principles are the same – know what you bring in, what you spend, and spend less than you earn.

I covered how to create a budget and stick to it here and more on getting your budget sorted here.

This post is going to focus a little more on the specifics I found important/useful as a single mum.

Get a Small Emergency Fund

Most people struggle with debt and their budgets because every time an emergency comes up, debt is used to pay for it.

Save up $1,000 to $2,000 to pay cash for these small emergencies e.g. unexpected car repairs, medical emergencies, things you cannot put off.

To get that initial $1,000 to $2,000 sell off anything you can, take on extra work or find ways to make money (check out our big list here).

You need to get that fund up and fast. ING offer $100 for new customers so that could be a good start.

Once you have it, you can stop putting all your emergencies on your credit card.

This system is designed to help you break the debt cycle and is recommended by financial experts.

It might feel hard at first, but it works!

With the small emergency fund in place, you move on to paying off your debt asap.

Check out this post on how to deal with debt and some debt payment stories.

How to Stick to a Budget as a Single Mum or Single Income Family

Cash Envelope System

This system is for managing your budget. Money from your budget is divided into envelopes for different purposes e.g. groceries, petrol, education, electricity/bills and so on.

Rather than doing your budget online with accounts, you see the cash and have to hand the cash over.

Any money left in the envelope rolls over into the next week.

Having it physically in front of you helps you see where your money is going and be more conscious of your spending.

It’s a great way to break bad spending habits.

Personally, I prefer having my money on my card and in different bank accounts the same way people use cash envelopes.

I find it easier to track my money this way.

2 banks that are fee-free are Up and you get $14 instantly when you join or ING have a $100 signup bonus with the code CNW116 until June 30, 2024.

Buckets with The Barefoot Investor

If cash envelopes aren’t your thing, try the bucket system from The Barefoot Investor, Scott Pape.

This book and his advice are geared toward Aussies as he’s based in Victoria.

It’s a simple method that appeals to many.

On the serviette example he uses, you have a few accounts which are split into 3 basic buckets – Blow (daily living expenses), Mojo (savings and paying off debt) and Grow (investing for long-term wealth).

Your income is divided into these buckets in a 60-20-20 fashion, with 60% being for daily living expenses. The other 20% and 20% is split up further. It’s explained better in the book.

How to Stick to a Budget as a Single Mum or Single Income Family

Treat Savings as a Bill

Pay yourself first. This was one of the biggest takeaway lessons for me when I read The Richest Man In Babylon as a teenager.

We pay everyone else out of our income then try to save what is leftover. This doesn’t work.

More often than not, we spend it all with nothing left to save.

As hard as it is, set aside a percentage of each pay into a high-interest savings account.

Treat it like any other bill you have and don’t touch it.

David Bach author of The Automatic Millionaire shows how easy it is to become a millionaire in his book by following a simple savings method.

The sooner you start, because of compound interest, the easier it is and the more you will have.

Check out our post on how to be a millionaire as a single mum, it is possible, though it takes time!

Have a Spending Plan Instead

Go over your bank statements and see what you are truly spending, then base your budget on that.

Track each dollar so you know you are keeping within your budget then look at how you can reduce your spending (lots of tips here).

As you do this and get used to it, make sure you are directing your money to where you need to go and account for every dollar coming in.

By this I mean, if you know you spend $100 a month on electricity, account for it and plan it out as your money comes in.

Say No To Your Kids

This is hard, especially at first. I know I felt super guilty about the whole situation during my divorce and wanted to give my kids everything.

If you say yes to everything you will raise entitled brats who treat you poorly. Learn to say no for your own sanity and their well-being.

Teach your kids about money, help them learn delayed gratification and keep the rewards/treats for birthdays or when it is truly deserved, not just because you went to the shops.

Check out how to teach your kids about money, how to get your kids to help at home and how to be close to your kids without spending a fortune.

How to Stick to a Budget as a Single Mum or Single Income Family
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Go for Quality Over Quantity

I apply this to every area of my life from my clothes, shoes and mattresses through to time spent with others.

Saving to buy a better quality item with save you time and money in the long run. Investing quality time in relationships is worth it too.

Quality Items

How do you know which items are worth it and which aren’t? Read reviews, ask in Facebook groups and get advice.

Just because something is more expensive, doesn’t mean it is the best quality.

Know what you need, what you prefer, what you need the items to do and find something within your budget to match that.

Quality Time

In our house, my kids know when we walk to and from school, they have my attention and they spend a lot of time chatting about all sorts of random things.

They can also ask each other to walk a little ahead or behind if they want it to be just me.

Friday is their favourite night of the week because it’s Friday Family Fun Night where we stay up, watch movies with treats or go out.

Devices are switched off and it’s fun, just us.

Having quality time with kids helps foster your relationship and ‘fills their bucket’.

When my kids feel loved and have quality time with me, they are happy to go off and do their own thing plus they ask for less stuff.

I get more time, our relationship is stronger, they feel more confident and free plus it’s a budget win!

How to Stick to a Budget as a Single Mum or Single Income Family

Delayed Gratification List

I’m not saying you can’t have things but you do need to plan and budget for it.

One of the best things I did to curb my impulse buys was a delayed gratification list or an ‘I want it’ list.

Any impulse buys I wanted, I would put on this list and in 30 days, if I still wanted it, I was allowed to budget it in.

By doing this, I wasn’t completely denying myself but usually, at the end of the 30 days, I didn’t want the things on my list.

It psychologically felt better than denying myself everything because there was a time limit and a maybe later mentality attached to it. It significantly reduced my spending.

Read 10 tips to stop spending and 5 tips to reduce temptation for more on changing these habits.

When changing habits, replace them with something good such as these 9 habits to save you thousands or these 10 habits to drastically change your life.

Have A Visual Goal

What are you saving and budgeting for? Is it a new home, a family holiday, retirement? Have visual reminders of it all and let your kids be involved.

On our walls we have a house plan we like and would love to build one day, which is a symbol of our own home but is not our first priority.

Check out our motivation wall to see what I mean.

My eldest child made posters and cut out all the places they want to visit from brochures, asked for maps from their teachers and made their own vision wall for travel.

I also have saving graphs for specific things so we can all see how on track we are.

Do not Rely on Child Support

In an ideal world, both parents would contribute to the kids financially. We do not live in an ideal world.

Many parents don’t pay, some pay sporadically and there are some who do pay regularly.

I recommend viewing child support as a bonus, if it doesn’t come in for whatever reason (your ex loses their job, changes jobs or simply stops paying), it won’t impact your finances or independence right now.

That doesn’t mean giving up on it. Still pursue it and ensure it is being lodged as a debt. Keep active about it but don’t include it in your budget.

What you do with child support if or when it comes in is your choice. You are already paying for all your children’s needs from your income, so child support can replenish that.

Alternatively, you might save it for university, a car, braces or similar.

If you are managing your money well, you will be able to see how much has been spent on expenses relating to your kids.

Child support can be great and is to be used for raising the kids, but there’s no need to rely on it and let it control your budget.

How to Stick to a Budget as a Single Mum or Single Income Family

Plan For Retirement

When you are part of a couple, you possibly assumed the super between you both would be enough, or your partner planned for retirement or maybe you had a goal to have rental properties etc.

When I was married he worked, I stayed at home so his superannuation grew but mine didn’t and we planned to have rental properties.

The divorce changed that.

Think about your retirement. What age do you want to retire?

Will you have your house paid off, be debt free and have income? How will you fund your retirement?

If you want to be a millionaire, you can – this post shares how, as a single mum.

(Be aware, it is not a get-rich-quick option. You need to be consistent, and dedicated, use compound interest and take your time).

I am a huge believer in the FIRE movement, as in Financial Independence, Retire Early.

My mum died at 37, my fathers’ parents both died at 63, before retirement age and I know of too many similar situations.

Having been paralysed and survived other health issues, quality of life now is important to me.

Create a life you don’t feel the need to escape from, but also plan for retirement.

Pick a retirement age and the type of life you want then work backwards from there.

The general idea of being able to retire early is to save as much as you can of your income e.g. 20% to 50% and invest it.

The more you are able to save, the sooner you can retire.

Reduce your living expenses and continue to invest.

Shares are my preference and they have typically outperformed the property market for the last century. I also love business so am involved in a few.

Choose how you want to invest so you get income from your investments.

Right now, I have real estate, businesses, shares, and some crypto although I view that more as gambling.

My share dividends get reinvested, I don’t touch them.

My risk tolerance level is higher than many so my share portfolio is predominantly aggressive at this stage in my life.

It goes up and down but has still continued to climb. Read more about how the top 1% of Australians manage their money.

How to Stick to a Budget as a Single Mum or Single Income Family
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Change Your Mindset

“I’m so broke” or “We can’t afford it” isn’t encouraging.

Yes, you might not have much money, but change how you speak about money and shift your focus from being unable to afford things to how can you afford it.

Unleash You Inner Money Babe is a great book to help shift your mindset.

Whenever I focus on my lack of money, it stresses me out and it doesn’t change the situation.

By all means, know what your money is doing, have a budget and spend accordingly.

Don’t focus on the negative though. If you are spending more than you earn, look at how you can bring in more money (try these ideas) plus how you can cut back.

Money doesn’t need to control you or dominate your thoughts and before you go saying “Oh, that’s fine for you, you make good money”, I’ve been homeless with 2 young children.

I know what broke feels like and how hard relying on Centrelink can be. It doesn’t need to control you.

When I was homeless, I worked out the life I wanted to build and went after it hard.

My income is from multiple sources now, I work school hours and am not employed elsewhere.

Blogging, freelance writing, public speaking, consulting, shares and other random things make up my income.

You do what you have to and think outside the box to create solutions.

Resources Which Helped Me

I read a lot, listen to podcasts and over the past few years, my entire life has changed. (You can find out more about me personally at if you want).

Here are some of the best books, podcasts, courses and other things I found which helped me stay on track and create the life I have now.

How to Stick to a Budget as a Single Mum or Single Income Family


The Richest Man In Babylon

This was a book my dad had on our bookshelf when I was growing up. Reading it at 13 helped shape the way I view money.

It is the book I have gifted and recommended the most.

Lucky Bitch

It will help with your mindset about money. Denise is another Aussie plus she has great resources on her site.

While I haven’t paid for any of her courses, I did find her book and podcast useful.

The Big Leap

Recommended to me by a reader, it is one of the best books I have read lately.

It opened my eyes to a bunch of things that have happened in my life, how I have self-sabotaged and how to change my mindset.

While I have read many books on mindset, money, human psychology and similar topics, this one was a game-changer.

It is easy to read, covers so much for such a short book and gives you practical advice and action to take.

Smart Girls Screw Up Too

I read this recently and it really helped me focus on what I want, change a few things in my life and do a bit of redirection.

You can find a list and more details in 23 books that will change your life.


I listen to podcasts whenever I am walking, sometimes when I am cooking dinner and usually after dropping my kids at school.

Since I don’t have a car, I walk pretty much everywhere. The podcasts I listen to change depending on my needs and interests.

A few I have found useful are:

The Tim Ferriss Show

I know I’m coming off as a Tim Ferriss fangirl. While I love many of the interviews he does, his books and find his content useful, there are things of his I disagree with.

The great thing about him is he is all about experimenting in life to find what works for you.

Search a topic

The Tim Ferriss show is the only podcast I have consistently listened to for the past few years. Generally, I will search a topic I am interested in and listen to a bunch of podcasts on it.

Gary Vee is one I used to listen to a lot for marketing and business, Strategy Hour has had a few I found fascinating, Pat Flynn and Chris Ducker have had some great podcasts.

I will often type in a word and see what comes up as options for podcasts on it then download a few.

Ways to Make Money

This is a list I created with loads of ways to make money, how much you can make and links for more information.

Rather than rely on one income, your job or other income (such as Centrelink and child support), you can take control and create multiple streams of income.

I’m not saying don’t have a job, jobs are fantastic, stable usually and help you by contributing to super.

You can create more income and put it towards your future or whatever you want. Doing this changed my whole life.

You’ve Got This!

It can be daunting working from one income, but you can do it.

A budget is basically telling your money where to go instead of letting your income dictate everything.

You might also like

How to become a millionaire as a single mum
How to manage finances when newly single
43 ways for single mums to make money
Complete list of Aussie freebies
Best Australian online survey sites

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