Feb
27
Single Parents and the Economy: Tips on How to Help Each Other (and Stay Positive!)
Posted By: Single Dad
Category: Divorce, Family Finances, Single Parents
Comments: 5
As single parents, we live in a vulnerable environment. Under some circumstances, when an ex-spouse loses his/her job, it affects the other ex-spouse directly. “Emergency Funds” and reserves dry up twice as fast when one party has to pay child support or spousal support (or both.) With the loss of one income, we start feeling the heat. So, what happens? The “Domino Effect” takes place: both sides of the single parent family suffer financial hardship. Bills get prioritized based on necessity. Parents live off of their credit cards to pay for gas and groceries.
