work 60+ [hours] a week to cover rent, bills and food”.
of some of the single parents that we’ve spoken to at Gingerbread, the single parent charity. Our research found
that nearly early eight out of ten single parents find managing their financial
commitments is always difficult at best – and at worst, often means falling behind on rent or
children, carefully monitoring their outgoings and planning for anticipated
costs such as birthdays or Christmas. But when there’s an unexpected change to
your finances, keeping on top of things can become challenging.
term loan, to cover the shortfall. However, these types of loans can often make
things worse. Payday loan debt can quickly spiral as the interest payments are
very high, meaning that if you don’t pay it back on time, it could end up
costing you a lot more than expected.
an emergency. In our new video below,
Gingerbread Adviser Yvonne talks through some of the other options available
such as budgeting loans, hardship
payments, short term benefit advances, and even grants. She explains how you
can get support with your rent payments, or help with utility bills. The video
also looks at getting help with one-off payments for furniture or clothing for
example, explaining how you could access interest-free loans or a grant.
are: the help is out there and you are not alone. If you’re worried about managing
your finances, or know someone who is, please watch and share the video.
advice on our website, by calling our helpline, or by speaking to
other single parents by joiningGingerbread as a member (it’s