Here are 10 Money Tips for Single Mums:
1. Set Goals.
With all you have on your plate, you need clear short, medium & long-term financial goals.
2.Where do you stand financially:
You may have received a significant divorce settlement, death benefit, inheritance or....nothing at all.
3. Do you have an Emergency Fund?
Without a second income to fall back on, you need a safety net.
4. Develop and nurture your natural gifts, skills and talents. Leverage upon them.
5. Where will you live?
Make it a priority to find a secure and affordable place to live, if you are forced from or choose to leave your home.
6. Are you insured?
Protect your assets: Health, life, education insurance etc.
7. Invest for the future: Even small sums set aside regularly over time can grow into a significant sum.
8. Do you have an Estate Plan?
Protect your loved ones with a plan: wills, trusts, guardianship etc.
9. Avoid over-indulging your children as a way of compensation. It will only make them feel entitled.
10. Look after yourself and have some fun
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Join us at the Children’s Finance Fair.
Some great products will be showcased. (Link in bio)
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