Apologies if it's not okay to post this here, but I didn't see any rules against it.
Given recent developments in the life of friends and family members, I was inspired to start a community specifically for low income single parents. It's called baby_poor . It has a financial aspect like poor skills, but there's also room for general parenting discussion and advice.
Just so not too off topic, I've got a little victory to share. As of last month I finished Baby Step #3, and now have a $5000 EF. I'm planning to trickle $5/month into that for time being, since it wouldn't take much for my monthly expenses to go up.
However I'm now having to put some serious thought into step #4. I'm self-employed for all practical purposes, which makes starting a retirement fund tricky. Find me a good fund that'll let you get in for $150, and I'll give you a gold star.
Another thing that's slowing up step 4 is that my car unexpectedly died. While it's not urgent that I get a new one, it is something I need to start saving for.
My take home income is $720.90 each month. My fixed expenses are $367, and I would strongly prefer to keep $100 for spending (entertainment / gifts / personal products). I also tithe $72.10. Which leaves me with $181.80 for savings.
My gross income is $1000, out of which taxes and health insurance come (including HSA contributions). If I do Ramsey's 15%, that'll only leave me with $31/mo. to save for a car. Getting another job isn't an option right now (no time and no transportation, and the business does have the potential to earn more later, so I'm not ready to throw in the towel). How would advise splitting up my savings?
P.S. I'm 29 for whatever difference that makes.