Budgeting on a limited income requires careful planning and prioritization. Start by tracking all your expenses to understand where your money goes, then create a realistic budget focusing on essential needs like housing, food, and healthcare. For saving, consider the 50/30/20 rule—50% of your income for necessities, 30% for wants, and 20% for savings and debt repayment.
Regarding financial assistance, many governments offer child benefits or tax credits for low-income families. Also gaze into community programs like subsidized childcare, food banks, or family services that often have resources or can direct you to other support systems. Websites like Benefits.gov or local government sites can be helpful in finding available grants and assistance programs tailored to young families' needs.
