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Financial Help for Single Mothers: Learning the Ropes

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There are differences in allowances and benefits given to them and apparently, they also have complaints due to insufficiency. But they are quite fortunate that the government recognizes their need. In some countries like Singapore, they have stricter rules and single parents get less support from the government.

It spells discouragement for single Singaporean mothers but it is something that they have to face. In the US, President Obama has allowed loan modification for their program “Making Home Affordable” to avoid foreclosure for those who have fallen behind in their mortgage payments.

Studies show that there are more single moms than single dads. Both are in need of single parent benefits but their situations usually vary. More often than not, single mothers cannot get a job that generates high compensation due to lack of education.

They also often work for a few hours so that they will have enough time to take care of their young ones. Others who have more children are not able to work at all due to the demands of time.

But whatever the situations are, whether they are planning to go to college, currently working part-time, or they are not working at all, it all boils down to one thing: they all need money.

Financial help for single mothers are being provided by most rich countries. In Japan, US, United Kingdom, Germany and Australia, single mothers are given financial support.


Financial Help for Single Mothers
Photo By: USAG- Humphreys
Illegitimate children do not get any help because they are born out of wedlock. As a result, single parents are not entitled to any financial support.

The only way for them to get assistance is by legally adopting their own children and by paying for a huge amount to do so. Their belief that women should be married is something that they take seriously and it is hard to question something that is based on one’s faith.

Divorced parents with mortgage payment that is more than 1/3 of the monthly gross income are actually eligible for this modification.

The same goes for those who have suddenly lost their jobs or have suffered from medical illness causing them their payments to be delayed. This is a very big help for single parents who are doing their best to provide a home for their families but due to certain unavoidable circumstances, they are reduced to near-poverty situation.

If there is something that can be very useful for single mothers, it is knowing how to budget money effectively. Seeking advice from a financial coach or specialist can lead them towards a positive direction in managing their finances.

While most people do not see the importance of this, there is actually a connection between one’s knowledge in handling money and one’s incapacity to pay debts.

With all the single mothers’ busy schedule, they need to be educated financially to ensure that they are on the right direction and to ensure that they are indeed providing enough for the family.

Keeping track of the monthly household expenses as compared to one’s current income is a good way to start.

Through this, a parent will be able to know if she really needs to work more hours or find other sources of income for the family.

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