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!