3 Get started on your insurance
Now that you have kids of your own and are taking care of them by yourself, it’s important to make sure that you get financial protection. An insurance plan can help you ease your worries about you and your children’s future. Look at your monthly income and see where you can make adjustments in your budget so you can allot some for monthly insurance premiums. If you do your budgeting and bookkeeping well, this should come easy for you.
There are plenty of available cost-friendly insurance plans out there today, such as FWD’s Set for Life. Simple insurance plans like this are good to have, especially for single parents, because it only requires a low minimum annual premium. The best part about it is that it’s also an investment of sorts, so in effect, you’re not only securing your future by saving, but also setting up to grow your funds. Eventually, you can further maximize your plan by getting add-ons or by topping up the premiums to your plan for even better protection and flexibility.