A financial literacy crash course for the homeowning single mama.
I am very proud (and terrified) to say, that I officially occupy a space in the “I am a single, full time mom – who bought their house.” I don’t know why we put such an emphasis on this and why we are all killing ourselves working to own something we will only probably pay until we die, but hey, that motherfucker is mine.
Let’s dive in. Deep. Here is MY list of everything I have wanted and needed to hear and know…
- Know your loan like you know every fucking word to Moana.
- Fixed Rate? Peace of mind.
- Adjustable Rate? No. Just, no.
- Home repairs will try you like a busted ass baby daddy…
- I have been putting $100 aside every month, without question for when this will have to go down. Expect the unexpected, as mom’s – you again, know this.
- Call an uncle, ask someone at work “hey do you know someone who can fix shit?” or my personal favorite – get a dating app and ask someone to help you do handy work.
- WTF does equity even mean?
- The more you pay, the more its yours – repeat that.
- Don’t just blow it on stupid shit – save it for major fixes, moves. Perhaps therapy – a she shed? All relative.
- HOA?
- I personally don’t mind my HOA, I know a lot of people have issues with theirs being Vulcans lurching over every single thing they do in their homes (we have all seen those horror TikTok’s). It doesn’t have to be like that.
- Read the fine print, before you buy a house AND after – it would also benefit you to treat HOA fee’s like a monthly bill so you can better plan for it and work it out of your paychecks.
- Refinancing – this isnt a scam if it actually makes sense. Duh.
- Let’s think about this logically – if you’re rate sucks ass, it might be smart to refinance and lower it. Why? Well paying less monthly money over the same period of time? Hey. Smart.
I’m sure this list will grow into a part 2 but for now, what do you think? What can we add? What tips and tricks do you have? Tell me everything…
The Relentless Motherhood 
I know you have something to say, shoot it to me straight…