Hacking it financially as a single parent

Vumile Mavimbela

parenting comes with anymsstiranengsylses-itsirneocsfostmesne, oafnadme foiilnfieathsnecamirael.

INGLE most likely headed by a single mum acenidvesunrovfeinyasnschioawl comnotrsitboufttihonemfrormethehfeatohnerlys owfathyetior cmhailndraegne. single tforopmlanaȂfiannadnfcoiarlepverysppaercetnivteinigs etevmenptourarliytyorǣ poerumr asnuedndtednisdabeialitthy, esemrieorugsenillcniess, ,amndedriectailrešmpents.est, snheoedultdo bgoe bwuidthgoetuint gsaliykienagmthaacthyinoeu. bfuydogueat riseanǯpt,lagnetfocraycokuirnignbcoecmaeusaenda mešipneimnsaelsc, oandtrwolitohvoeurtyoonuerymouonheayv.e waniflliy,nbovuuetsomtwminneonarstc,shyeiotlsdu,rlseikhneopuarlohdvoihdmaevetehoear most compelling reason to ensure you have a will and one thatǯs up

SA WILL

n emergency fund is a safety net thahteyaoiumsohfoaunldemnoetrgbenwcyitfhuonudt.is to ecrnesduirteaynoduindcounroetšnpeendsitvoetiankteroeust and debt repayment costs when a t iynoaunckieaelpadthvieser“suriveacocrmismiseanrdisethsa. leemnteorgf ethnrceyefmunodn.thsǯ income in your easoyutroelmi“eurigdeantecyȂsianvointhgsermwuostrdbse, usupbiŒnecat teorvmoladteiplitoysiatsaacncnoutnttieodr dinovneǯsttwmaenntttiondsrhaawreosuctaan binev. esotummttodeasnkoaeetvswaen,hǯsttemhaneratttihotmenrpmbhouoarrwitlkadelniintstglteahuryipenogudemohiswaevtnroe-. sg“eunicryreslainvignmgsoannedy taowbaey.diligent in thaetlhoansgainhgeatlothacamreedsyicsatelmscthheamt ies has enormous benefits in a country oversubscribed. f all you can afford the tate will appoint a guardian income protection benefit when you staoanvydinagtses.eintfsayyrooeutuirdheiamevweniȂtthfauopnuadtrwtafiwrlloibmlle, itsoapnriovpatieohnowsphictahlsg,iveevsenyotuhatcmceasys auwnpodublyedoinuǯtgrhrcahvieisledcdhreobnsyemns.oamy ethoenne eynodu acarne nuonalobnlegetropdeorfyoormurnŒorbmaanlddȀaoyrtfeoe-dianygfourndctrieosnsisnsguycohuarseblfa. btheebsetatter. fthyoaunǯrbeeainbgleatopatfifeonrdt oitf, dueaclctewssitiohnin tcetrmansdoaf nthyethnintegstthaatet thing, tco ncosivdeerrtghetstihnogrtafaglalpwchoevnedr opcotloicrys your minor children inherit will go ourINaCbOiliMtyEtoPeRaOrTnEaCnTiInOcNome is ninesutrimeresssmayotrheislikmeelyantos yeošupearieence tcohitlhderenutaurdniaͳnͺǯ.s fuynodu duonntiǯlt yhoauver ynoeuedrsbtioggbeestparosstecttaendd. ,ftyhoeurewfoerree, and specialists charge above medical to suffer a temporary or permanent a temporary disability than scheme rates. gauwaridlliain fworhiycohuryomuinnoormchiniladtrena, bdeiscaobmileitoyf tyoomu oarnrdoywo,uwr hchatildwroeunlǫd hoauvewyoouuldrncǯtadrrsetaomleonfonrothiinŒascukriendg. nsurance against severe illness is iailcllasnolecsuossesestfssuual csfhosoracsioacvatendrcienwrgiotnrhoasnse-trmrioekudes-. byoecuormcheitlhderierngǯusaortdhiaenr.paorwenetvewr,iilfl isability cover can pay you out your car, yet your ability to earn an the other parent is no longer alive, a lump-sum benefit or a monthly income is worth a great deal more. aoynbtheenceocnestesanrtys otof yreoaudr seepmpositnrtaiingghtyfourwr ahredir, sbumtaiyf all your other wills together. t is there are minors, itǯs important to the aster says uman rights awyer, ibusisohlahblaatbsiatcsaiu.dztioned critical to speak to your lawyer to specify whether a trust should tohfatnhe͹Ͳ pigehr ceonutrotf,wmoorrkeiwnigll.emyainwg that when ywohuenmtahyeurenianrteemntuioltnipalelywrielvlso, kaes mbeasdettuopaogruiafrpdaiaynm. ent must be awtitdhonuǯtt ahwaviell aȋdvyailnidg drawing up a will, there will be a will that should be in place,dz hlabatsi recommended that terms and phrases, which you he said. wyoilul wrehveinewyoaunrdciurcpudmatsetaynocuesr aintdeestmaotetiȌocnaanl pinrovcoelsvsetao wleingdtuhpy ntotausnkd“eurestsatniodn. toǯseimnspuorremtaanyt he ešecutor of your estate change, such as when you get ythoeucaornetͳeͲnͲtspoefrycoeunrt hwaipllpbyewfoirthe iasdmthienipseterrsoyonuyroeustnaotemoincaeteyotuo divorced or have chilmdraernr.ied,

Who is your executor?

you sign it. chthoaeuvecldopmaapspspleodšiinatytwaoafyfya. omueirplyesnmtdaeitmnegyboenur inteDztcfheysoosrauoruhy.gavhelyaawnidll,uppledaasteerietaidf rotaunrtwdiollciusmonenetosfythoue mwoilsl teivmerpoDz nnofforytouunratweliyll, tahnedinttheerpirmetsaigtnio. thDze rweivlol cyaotuioanrcelasuigsneisntgatiessytohuart or trusted friend or preferably a Dz f there is anything you donǯt

Does your will have a revocation

proafmesisniognaaplreošfecsusitonr.al ešecutor unDz dfeyrostuanddontaǯtlkhtaovaeparowfeislls,iocnoanl-. clause?

yoponleulmyrrewenvitlealatwiloeadns aonfotyetorduyrraowuwrnisduhepeastbhay.raef laalsl tpwreivllioaunsd wteislltsamsheonutladnndothbaet will relieve family members from sider getting a professional to cyonursiwdeisrheedsw. hf eyonuddeotenromtihnainvge cmoaukldinpgodtiefnfitciualtlydcerceiasitoenfsamthialyt helaprtyaocuhedraanwdictounpflainctdfporeyvoeunrt lcawrryiedr, oyuout raswyiosuhehsamd ianytennodtebde, this clause in your will and dewpeinll,diitnmg conflict. heirs,dz hlabatsi.

Who are your heirs?

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

AEMERGENCY FUND MEDICAL COVER

(Courtesy pics) An emergency fund is a safety net that you should not be without.Your emergency savings must not be tied up in a fixed deposit account or subject to volatility as an investment in shares can be. (INSET) As a parent,plan for every eventuality, budget like a machine,while it’s important to save for your children’s education, don’t do it at the expense of your own retirement. And don’t forget to have a will.