Chennai: Financial well-being for single mothers has been top of the priority list for far too long. Millions still rely on their family members or are experiencing financial urgency for the first time, especially after the challenges posed by the global pandemic.
The worries of single mothers vary owing to the multitude of responsibilities they juggle on a daily basis, yet there’s one crucial issue that unifies them all – economic independence.
Some of the steps to achieve this are saving out of the income, knowing the needs, investing for herself, getting insured, building a budget for emergency needs, prioritising retirement savings, investment for daughters etc.