Financial Planning For Single Mothers

Being a single mom, planning and managing your financial situation can be stressful. Not only do you have to budget for monthly expenses like your phone and electric bills, but you must plan for the future, including emergencies like natural disasters or job loss, life insurance, savings, and investments. Budgeting is a daunting task for many people, but it is important to learn how to manage your money so that you can save money for when you need it and have enough for the essentials when the time arrives.

Demand Investment Information Before Finalizing an Agreement

June 13, 2011

No matter what type of investing the single mom decides on when planning for her financial future, she has to remember that it’s her responsibility to do the research and be comfortable with her decision. Investing is a risk. There are no promises; otherwise everyone would be making a lot of money with their investments. [...]

Bank Mistakes And The Best Solutions

June 3, 2011

While we would all like to believe that our bank is not going to mess up our money, the fact remains that banks do, in fact, sometimes make mistakes. Bank mistakes can cause serious problems for your budget, so learn what you need to do about them before they occur. First, keep copies of your [...]

A Budget is Your Way to Financial Freedom

May 30, 2011

Setting up your budget is the first step towards financial freedom and limiting your stress about money. It is not as easy as it might seem, however. Here are some steps you can take to establish a budget. First, you will need to determine how much you make. This can be varied, particularly if you [...]

An Emergency Fund Should Be Part of Your Savings Plan

May 25, 2011

What are you saving for? Do you have one account that will cover the kids’ college, possibly a vacation and probably any financial crisis that happens along the way? Do you plan on using the balance for your retirement, or is it a shorter term goal like saving enough for a down payment to buy [...]

Plan on Routine Maintenance – Everyday!

May 12, 2011

One of the most sensible pieces of financial planning advice is one that is most often ignored. It’s simply to ward off as many high cost financial crises as possible. This is done by routine inspections and maintenance in every area of your life. A single mom knows how important it is to bring the [...]

Is Investing in Stock the Best Incentive?

May 9, 2011

Having a good financial plan will provide for the needs of your family on a day to day basis. Part of a good financial plan includes providing for your needs and those of your family far into the future. Whether your budget allows you to contribute to a long term investment plan or is limited [...]

Tips for Finding the Right Amount of Life Insurance

May 6, 2011

What type of life insurance does the single mom need? How much life insurance should I buy? Where is the best place for me to buy life insurance? How much will my premium be? So many questions and no single answer, because you and your family are unique. The healthier you are, the less your [...]

Valuable Financial Advice or Just Another Opinion?

May 4, 2011

There are a lot of resources on financial planning for a single mom who is looking for advice. It seems that the news shows and magazine articles never run out of financial experts to quote and the internet can give you pages of links to information on how to manage your resources. Parents, neighbors and [...]

Bank Switch: What You Need to Know

April 23, 2011

Switching banks is something we often need to do, and for many reasons. Sometimes you need to switch to save money. Maybe your bank is charging exceptionally high prices for services that another bank offers for free. Other times you may need to switch because of a big move. People even sometimes switch because they [...]

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