Welcome to the new work week, all!
Well, there is a first time for everything, and here at Live Simply, Live Thrifty, Live Savvy, I am happy to announce our very first guest post.
Since the blog’s primary demographics seem to be of the female variety, I would have to imagine that we have some single mothers out there. It is not easy to be a single parent, and I have known many of them throughout my life (including my own mother).
Our guest blogger Kevin Craig is going to tell us about some ways that single mothers can find valuable resources to assist them financially.
Seek Federal Grants for Single Mothers Instead of Incurring Debt
By Kevin Craig
Being in debt is not a rosy experience for an individual, especially for a single mother. Overwhelming debt often takes a toll on both health and finances, and makes it difficult for single mothers to overcome the situation. Crushing debt not only cripples their financial options, but also compels them to pursue debt negotiation that can involve significant fees and charges. Therefore it is best to avoid debt and all of the hassles of the debt negotiation process. There are many federal grants available for single mothers that can assist them in meeting their expenses and to avoid defaulting on payments.
Types of federal grants available:
The most common type of federal grants for single mothers is an education grant. As many single mothers dedicate most of their budget for the education of their children, education grants can enable mothers to pursue higher education for themselves. Pursuing higher education and obtaining a degree is vital in securing a better job and ultimately an improved career that will take you to an advanced level of financial stability and success. Education or college grants are basically a form of financial aid that does not need to be paid back later in life. The best way to apply for these grants is to complete the Free Application for Federal Student Aid (FAFSA).
Another type of grant for single mothers is a housing grant. Having shelter is one of the basic needs for every individual, but it can be difficult to afford appropriate housing on a single income. Housing grants are available for single mothers that can assist them with a down payment, closing costs, and the monthly mortgage payment on a home purchase. There are also some grants that help single mothers to pay for home improvements to modernize their homes or to bring them up to safety codes and standards. However, to qualify for these grants, you must meet low-income requirements.
Business grants are another type of grant available for single mothers that can assist them in setting up their own businesses or supporting an existing one. In a business world primarily dominated by men, women may experience some disadvantages compared to their male competitors. Business grants can help women, particularly single mothers, to press on and succeed in their business goals.
Now let’s take a closer look at how to find federal grants for single mothers.
- First and foremost, determine which category of grants that you require– education, housing, health care, or business.
- Once you determine the type of grant needed, apply accordingly. Apply for as many grants as possible and contact the various offices with questions if you are unsure about filling out a form or completing the application process.
- For education grants, start by filling out the FAFSA (Free Application for Federal Student Aid). And for healthcare grants, contact your state’s health insurance program.
- Contact your local health and human services office to find out which federal assistance and grant programs that you may qualify for. You can also find out more information on the U.S. Department of Health and Human Services website under the Grants/Funding category. You might be surprised to learn about the number of programs and grants that may be available to you.
In conclusion, resources do exist to help and support single mothers in achieving their educational, home ownership, health care, and business goals. Instead of succumbing to unnecessary debt and making a tenuous financial situation worse, single mothers should consider utilizing these available resources.This is a guest post by Kevin Craig who is a financial writer associated with Oak View Law Group. He has been providing prudent advice on measures to rid debt since 2007 to lead people to a debt free life. Also he has written many informative articles on bankruptcy, credit counseling, credit repair, debt management, personal injury and so on. You can get in touch with Kevin Craig at firstname.lastname@example.org. ***
We would like to thank Kevin Craig for his educational article that provides us with some information that we have yet to cover on here.
Even if you are not a single mother yourself, why don’t you help one out by sharing this blog post? It can be an uplifting experience to know that you are not completely on your own without any options for an improved life for yourself and your children.
If you are a single parent, how do you manage it financially and what resources do you look to? Feel free to comment below and let us know how you do it.