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Managing As A Single Parent

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... the right amount of life insurance is seven to ten ... Quotes To Contemplate 'There are no classes in life for beginners: right away you are asked to deal ... – PowerPoint PPT presentation

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Title: Managing As A Single Parent


1
Managing As A Single Parent
  • Student Support Services

2
Goal and Priority Management for Single Parents
  • Become more present-moment oriented.
  • Be realistic about your life.
  • Establish clear and attainable goals for
    yourself.
  • The heart of family life.

3
Emotional Management for Single Parents
  • Lonely? Get Connected!
  • Socialize for your health.
  • Develop a reliable support system- Social,
    Financial and Emotional.

4
Stress Management for Single Parents
  • Great Stress Reliever-EXERCISE!!
  • Learn to deal with overload-Time Management!
  • Phone Therapy-Contact a trusted friend!
  • Take care of yourself!
  • Allocate at least 30 minutes to yourself!

5
Financial Management for Single Parents
  • Cut back unnecessary spending.
  • Establish a savings goal.
  • Limit credit cards and credit purchases.

6
Managing As A Single Parent
  • Insure Yourself And Your Loved Ones
  • The typical formula for determining the right
    amount of life insurance is seven to ten times
    your annual salary, but you may want more than
    that if you expect it to cover college tuition or
    large outstanding bills.

7
Managing As A Single Parent
  • Save For College
  • Look into a state-sponsored 529 college saving
    plan, which allows college savings to grow
    tax-deferred until the money is withdrawn to pay
    for educational expenses.

8
Situations Single Parents Should Avoid
  • Do not treat your child as a peer!
  • Remember you are the grown-up!
  • Your child is not your caregiver!

9
Managing As A Single Parent
  • Plan For Retirement
  • Most people should save 10 to 15 of their
    income for retirementmore if you want to stop
    working earlier.
  • Prepare a will and/or estate plan!

10
Conclusions
  • Why is it important to take care of yourself?
  • Why is it important to manage your time and
    finances wisely?
  • Why is it important to seek out and receive
    personal support?

11
Quotes To Contemplate
  • There are no classes in life for beginners
    right away you are asked to deal with what is
    most difficult.
  • Rainer Maria Rilke
  • You will never find time for anything. If you
    want time, you must make it.
  • Charles Bruxton
  • A moments insight is sometimes worth a lifes
    experience.
  • Oliver Wendall Holmes
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