Single Parent Financial Struggles & How To Overcome Them


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Single parents have to work twice as hard to make ends meet, often living in single-income households with children to support, and finances can become difficult to manage. Over time, you may default on your bills, and become anxious surrounding your money if you’re not sure how to take back control, or what to do for the best. Thankfully, there are ways that you can overcome these struggles – read on to find out more!  

If you are faced with an emergency and you’re not sure how you’re going to pay for it, a payday loans direct lender can offer a range of finance options to suit you, to help you cope with an unprecedented expense. 

Single income home 

As a single parent, you will only have your own income to work with, rather than two incomes to use to pay the monthly bills – and that is if you’re able to work a full-time job around your children. This is one of the biggest issues that single parents face, they do not have a partner with a job to support them, but this is common, and there are ways around it. If you find yourself single parenting on one income, you could choose to move in with your parents, or have one of them move in with you. This helps with childcare, and when it comes to splitting the bills. Of course, this may not be an ideal situation, but it can help to relieve the pressure from you when times get tough. The likelihood is that people will want to help you, you just have to ask. 

If you don’t think moving in with a parent or friend would be possible, there are benefits on offer to those that are single parents earning under a certain amount of money. It may be worth checking if you are eligible to apply for these benefits, as they can be a huge help in difficult times. 

Paying bills on time 

Having only a single income may make it more difficult for you to pay your bills on time, which could lead to both a bad credit score and report. Making a budget to get a better idea of the money you have to work with each month can help you to prioritise your bills. Another way that you can ensure you keep up with your payments is to automate them. Use a banking app to plan when your payments need to be made, so you don’t have to think about it. Prioritising your bill repayments means you are less likely to end up in financial difficulty and automating them means you can deal with them easily. 


Having children means that you’re going to need to keep them entertained, especially in the school holidays, and costs can mount up – especially if you are heading for days out and you need tickets, as well as food and travel too! There are so many local events during the holidays that are free for your kids to go to, research online to find events that your kids might enjoy. You could also look for offers where kids go free, so you can save on tickets and admissions. Entertainment doesn’t mean you have to spend – a picnic in the summer or a walk to spot insects in nature will keep your kids entertained and it won’t cost you a thing! Get creative and you’ll be surprised by what you can achieve.  


When trying to run a home as a single parent, amongst all the other expenses that you are going to be faced with, you’re also going to have to think about your savings. If a lot of your money is already taken up in other areas, like paying your bills, childcare and running a home, don’t worry – there are still ways that you can take steps to build a pot of savings. Refer to your budget and weigh up if you can afford to save an amount each month – it doesn’t have to be a lot, a little goes a long way. Once you’ve settled on an amount, you can automate this to come out of your current account and into your savings, so that you remain consistent. Your money will build up over time, and you can use this as a backup in emergencies. You never know what’s around the corner, and having a pot of cash to use can save you from financial difficulty. 


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