Financial Goals For Single Parents With Children

June 28, 2012 12:00 AM
Financial Goals For Single Parents With Children
" BOSTON (CBS) – According to the U.S. Census Bureau, there are nearly 12 million single parents in America. This nation’s almost 10 million single moms and nearly 2 million single dads face financial challenges and decisions that most dual-parent families don’t have to consider.

Financial Goals For Single Parents With Children

So often we start as a couple, have one or two children and then the blush is off the rose and we divorce.

Fifty percent of marriages still end in divorce. Certainly as a single parent you need to rethink your goals. Where there were two incomes there is now one and perhaps child support. Twenty million kids are living in a home with a single parent.

It is very easy for me to take the high road here and start to talk about all of things you need to do but if you are living paycheck to paycheck or have credit card debt you can’t commit to saving and investing. So let’s start with the basics here "

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