Single mothers need financial help for their different needs, such as –financial assistance, child care services, medical care, legal help, or any other form of assistance.
Financial assistance is needed for all her activities. In the case of single mothers, they may be in the category of divorced from husband. In many cases at the time of their marriage, many might not have thought of finance and its maintenance. They might have simply depended wholly upon the husband. One fine morning they become wholly responsible for all their needs. This situation has to be adjusted. That means they need to have arrange all things on their own.
Availability of Financial help is the main pillar on which she can build his life plan and sourcing the same is not an easy. Banks, Non-banking financial institutions, Government agencies, charitable organizations, voluntary individuals etc. extend financial help. They need to have study the aspects and comply properly.
The other way to arrange finance is by choosing different types of jobs available in the market. While choosing jobs one should make the preference of doing the work at home or join some firms according to suitability.
Work at Home especially in the case of single mothers is more advisable. As single mothers in may cases need to take care of children, joining into service for the whole day with firms will not suit them. They have to choose assignments such as web designing, freelance writing, call centre work, online selling products, medical transcription work etc.
Educational expenses — Single mothers for their expenses towards children’s education can depend upon scholarships awarded to meritorious students by different institutions. Government grant is other source. Many charitable organizations as well as colleges lend educational support to students. Banks usually extend educational loans to students at less rate of interest. The loan amount is to be returned with the accrued interest when the student starts earning on service. This repayment is easy installments. In many cases female students get special discount on the rate of interest, in order to promote enthusiasm among female students.
Medical expenses — The other major area of expenses is medical care. Now-a-days different types of insurance polices are available that can take care of the medical expenses. These policies are for individual as well as for the family. One should carefully choose the policy and take appropriate care to read all the terms and conditions prior to taking the policy. Different hospitals announce packages with discount.
Housing – Arranging a dwelling unit is the prime requirement. Many single divorced mothers are evicted from the houses that are jointly owned with their husbands. After divorce suddenly they are becoming homeless.
The legal expenses cannot be totally avoided. In many cases single mothers have to face cases arising out of eviction from their houses, default in payment of the housing loans, divorce related litigations etc. Many associations are lending support in this area. One has to register online and enquire about such help.