Working, playing, cleaning dust bunnies out of the corners, paying bills, feeding kids, responding to emails, maintaining a job, single moms have mastered the art of multi-tasking. Throw in financial planning to the mix and you find that some single moms become overwhelmed when it comes to managing their own financial futures. It is so important for single moms to develop a budget, and have money put aside for those unexpected things. A great way to do this, take things you don’t need – like your old engagement ring! – and sell them to start your emergency fund.
Here are 5 other things every single mom should do to get a handle on present and future financial needs.