Single women make up a growing demographic for many different reasons. This article addresses the unique challenges faced by single women and provides some practical suggestions using two case studies.
Shirley and Peter had been married nearly 37 years when Peter died in a car crash. At 62, Shirley was suddenly single and unprepared.
Peter had managed their financial affairs, but with his death, Shirley was thrust into a world she knew little about. Moreover, she was shocked to discover the true extent of their household debt!
Shirley knew their home was mortgaged, but had no idea the car was under finance. Nor had she known about Peter’s credit cards – one of which had funded their recent cruise-ship holiday.
Sarah was 30 when Jack ended their marriage. Suddenly single, she found herself supporting seven-year-old Ben on one income in a household accustomed to two.
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