Personal Finance and Estate Planning for the Single Working Mom

Hats off to all you single working mom's out there. Compared to the low, middle, and high income demographics we've looked at -- you've got it toughest of all.

Why do I say that?

Well, because we are not focusing on your income on this page. You already fit into one of the three categories above and thus have all the unique advantages and disadvantages inherrent to your income level. If you've read those pages, you already know that everyone faces the same challenge to prioritize their expenditures so that they save enough money to build capital, wealth and their estate.

But, as a working mom you've also got the most responsibilites and are probably are the most "time-stressed" of all. Your children rely on you for most (if not all) parental guidance and support. Your job is probably the only way you can provide health insurance benefits, for instance, for you and your children.

You probably feel overwhelmed at times and think you'll never get ahead.

So far, I've painted a pretty bleak future as far as your personal finance and estate planning goes. But, there is a silver lining. There is an advantage you have that the others don't.

What is it?

Control. You control your destiny. You control what your money, time, attention and energy are spent on. That really is a big advantage. You can make decisions and take action regarding your future without getting approval from a spouse or a spouses' family or whatever.

So, what you need to do is slow down, focus, and plan. Figure out what your assets, talents, and goals are. And, what you can do with them.

Even a little bit of time and money can be leveraged for a great return. It's a matter of focus and taking one (at first small) step at a time to achieve your goals.

There are many ways to do it. Now, I'm not a single mom. But, you can find out what I'm doing to achieve financial freedom for me and my family by reading Best Low cost Investment. I know it would be harder for a single mom, but some do it too.

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