Single-parent households face issues that are made worse by not having two earners in the family. Single parents also face the challenge of one person having to combine work, household, and child-rearing duties. Raising children on your own, paying for their education and other needs as well as trying to save for your financial future may seem overwhelming.In this episode, Karabo Ramookho highlights some of the important personal finance basics single parents should work towards getting right. If you are a single parent and do not have someone to fall back on if you encounter financial difficulties, you should put plans in place to minimise financial risks such as building up an emergency fund, and looking into risk cover, such as death and disability insurance. Disclaimer: Old Mutual Life Assurance Company (South Africa) Limited is a Licensed Financial Service Provider. This material is not intended as and does not constitute financial advice  or any other advice and is neither exhaustive nor prescriptive. It does not take into account your personal financial circumstances. Your financial adviser will assess your financial situation and needs and assist you to draw up a plan to help you achieve your financial goals. The views expressed by the contributor are his or her own (as an independently registered financial services provider, financial adviser or other independent capacity), and not necessarily endorsed by Old Mutual (as a separate financial services provider).Join us on twitter for real conversations about family finances:@FamFinanceShow@DianaGranouxWebsite:www.familyfinanceshow.comSubscribe on your favourite podcast platform:https://podlink.to/FamilyFinanceShow 

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