Home | Parenting & Family Life

Instilling Financial Stability

Single moms can act with decisiveness and determination that will not only positively impact their financial well-being, it will set a standard for their young adult children as well. Read on to discover how even small alternations can produce amazing long-term results.

• Step back, literally and figuratively, and evaluate your financial history. Don't be afraid to retrace your steps (or make an about-face) in an effort to step into positive plans for the future.

• Research and record a new plan of action. Invite others who are succeeding at what you want to do to act as your guides, mentors, and cheerleaders (or you can learn by their mistakes).

• Move toward change and ask for accountability. A team perspective is always more powerful and effective for lasting success.

• Look at the overall picture and tie up loose ends. Make out a will. Re-establish a line of credit. Review how marital assets are filed. Allocate funds for your children's college and wedding expenses. Create a list of questions that need answers and begin locating needed information, as information equips and guides.

• Develop realistic expectations in caring for elderly relatives today. Gather family together for a discussion on how to best meet the growing needs of those you are responsible for before you are thrust into a difficult or emergency situation.

-----------------------------------
In line with her passion for working with single parents, Michele's resources offer encouragement to women of all ages by challenging them to exercise their combination of strengths, skills, and life wisdom in pursuit of a healthy and fulfilling lifestyle. Recognizing that life is often difficult, women can learn how to recognize (and find solace in) significant life-markers and by so doing, acquire the strength to embrace their daily challenges.

Article Source: http://www.bizymoms.com/expert-advice

Michele’s bestselling books include a follow-up resource to "Going It Alone" titled “Still Going It Alone” and her newest work Burdens Do a Body Good co-authored with Dr Christopher Foetisch. To read great reviews of Michele’s wonderful works and to buy her books click here

Please Rate this Article
 
Not yet Rated
Click the XML Icon Above to Receive Parenting & Family Life Articles Via RSS!

Powered by Article Dashboard

The file /home2/bizymoms/public_html/expert-advice/article.php is corrupted.