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Money and Finances
Reply to "New life as single mom- how to optimize/will I be ok?"
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[quote=Anonymous][quote=Anonymous]You've done great work with your student loan, home ownership, and paying off your care. You should prioritize maxing out retirement contributions, adding to an emergency fund until you get to 6 months of expenses, and saving a token amount into the kids' 529 plans. Once you have an adequate emergency fund, increase 529 contributions. [/quote] I agree that you are doing well. You sound like a mature, responsible adult. I was a single mom also, and did not start saving for my child’s college until she was seven, and at the beginning it was only $50 a month! By the time she was going to college , I was naming a lot more and could save a ton more. I agree with what others have said, and have confidence in your judgement and capabilities. Focus on succeeding at work and as a mom (your kids could even win scholarships !) Good luck! [/quote]
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