2. Secure Your Financial Future with an Emergency Savings Account

Establishing an emergency savings account is already important from an individual perspective, but it’s even more pertinent if you’re a single parent who’s responsible for supporting one or multiple children.

Accidents and unexpected events like unemployment can really throw your finances into a downward spiral if you don’t have a good financial safety net in the form of an emergency savings account. While it may be difficult to set aside money for another savings account when you’re in a situation of living paycheck to paycheck, not being prepared for financial emergencies will end up costing you.

Seek Child Support or Alimony Costs Where Relevant
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