In 2006, according to the US Census Bureau, there were approximately 14 million single parents in this country, and those parents are responsible for raising 21.6 million children. Eighty-three percent of single parents are mothers, and 30.3 percent of all single parents receive public assistance.
Child care subsidies and public health insurance can help with closing the gap between low income and what it takes to make ends meet. Not all low-income families receive the benefits for which they are financially eligible. Families who receive multiple work supports can lose assistance before they reach self-sufficiency. Single parents often struggle with buying basic necessities and paying bills and usually live paycheck to paycheck. Single parents often do not have any savings and are in debt. Here are 10 easy ways for single parents to save money:
1. Buy a Used Car Buy or trade in your current car for a used car with a cheaper note. This will either eliminate your car note or save you $50 to $200 a month on your car payment.
2. Use Coupons Buy whatever items are on sale or buy items with coupons. This can save you $50 to $300 a month. There have been...
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