In the times we are living in everybody is going through
financial difficulty and all across the globe financial doldrums have weighed
heavily on people and especially single parents. Everything has shot up in
prices but incomes are still pecked at the same rate in not lower, thus meaning
whatever money had been put into savings is now being used in meeting basic
needs.
This means that people are suffering from higher levels of
stress as well as depression. Some of the main financial problems that single
parents go through is that of carrying monetary burden that is usually shared
between two people.
This statement alone brings forth the difficulties that
single parents have to deal with since everyday problems for most single
parents is compounded two folds. Single parents are faced with the task of
dealing with the whole concept of money, family issues and have to be strong
since they have no shoulder to lean on.
Some of the financial problems faced by single parents include;
Bills, taxes, increasing costs, school fees, transportation costs and emergency
or unforeseen expenditures. Bills are universal as well as taxes and they
always change their percentage due to governments intervention.
Living standards have also changed and the prices of
clothes, food as well as household appliances keeps surging up and these do
cause financial strains on single parents. Paying school fees is also a big
burden on the single parent since this item falls under certain priorities such
as food and bills.
Mortgage payments are also a priority and most single
parents will opt on putting a roof over their children’s heads before they even
comprehend paying school fees. Transportation
is another area that really gets on a
single parent’s nerves since he/she will have to continue paying car payments
and always think where they will be getting money to fuel their cars.
Nowadays plenty of single parents are relying on public
transportation in order to save up on costs of fuel. Emergencies as we as unforeseen
expenditures are a savings that many a single parent keep aside for, this is
because they hate being surprised when something such as a medical emergency or
damage repair costs spring up.
Single parents deserve special credit and blessing; having
to deal with what they deal with on a daily basis. And if you are in a position
to assist a single parent please do go ahead and do so since many of them need
help despite the brave face they put up!
