While there can be many, many benefits to being single, being a single mother presents an enormous challenge. Even if you came out of the death, divorce, or separation with a safe cushion of money and assets, you will now be fully responsible for all the financial decisions that will directly affect you and your children for decades to come. If you are not money-savvy, this could cause massive anxiety or lead to impulsive decisions that undermine your long-term security. Time to gather yourself and begin again.