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Thread: Financial planning tips for single-parent families

  1. #1
    Join Date
    Jul 2011
    Location
    Toronto, Ontario
    Posts
    749

    Default Financial planning tips for single-parent families

    Hi everyone,

    I know our community has quite a few single moms.
    CBC on-line has posted the following article that I thought might be of interest:

    5 key financial planning tips for single-parent families

    There's also an article about Registered Disability Savings Plans (RDSPs):

    8 must-know facts about RDSP investing plans for the disabled

    It's always tricky to know if you will qualify if your child has Tourette Syndrome.
    Please see the post from Tall Ticer for a bit of discussion on qualifying for government programs.

    Cheers!
    Tina
    Tina, Forum Moderator, TSFC Staff Liaison

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  2. #2
    Join Date
    Apr 2005
    Location
    Ottawa, Canada
    Posts
    5,939

    Default Re: Financial planning tips for single-parent families

    Financial planning is as much a lifestyle choice as is good nutrition or any other healthy living strategy.

    I believe that the way to achieve success in financial planning is to make sound financial choices with every single transaction, combined with realistic goal setting.

    Unfortunately it's a subject not usually taught in schools, and if parents don't have sound financial practices, children don't have good role models from which to learn.

    Often, people get into difficulty with their finances, but really don't know how to get out of trouble, and perhaps don't even know what a sound financial picture should look like.

    Where does one find a reliable financial counselor other than Suze Orman or Gail Vaz-Oxlade to help get out of trouble?

  3. #3
    Join Date
    Jul 2011
    Location
    Toronto, Ontario
    Posts
    749

    Default Re: Financial planning tips for single-parent families

    Yes, financial planning is a missing subject at school.

    We have incorporated a "Your Money" module into the It's Your Move program.
    Some parents of our IYM youth have asked if we could develop some programming for them too.

    We're working on it!
    Last edited by Tina; February 3, 2012 at 10:15 AM.
    Tina, Forum Moderator, TSFC Staff Liaison

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