VAIDS

Friday, May 25, 2018

#EducationPlanning : Never Married, Separated, Divorced, Widowed?

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 

 ___ Join us at the Children’s Finance Fair. Some great products will be showcased. (Link in bio

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