Cash assistance for single mothers is something that can be very important for all of the single mothers that are struggling to make ends meet on their own. Times are tougher than they have ever been before and some single mothers are only just surviving. The good news is that there is a lot of assistance available to you, the bad news is that knowledge of it is still limited. You might think that there is a lot of information about this on the web, but the sad truth is that there is a LOT of misinformation out there which makes things confusing.
The worst possible scenario is finding yourself in a position where you have no job and no help and are being forced to try and raise your child effectively blind. But you must never give in because there are people working long hours every single day to get you the assistance you need. All you need to do is ask.
There are different kinds of assistance available. For example, you might need help with any number of the following:
- Cash Assistance
- Spiritual Assistance
- Rent Assistance
- Emotional Assistance
- School Assistance
There are many private organizations working to provide you with many programs that will ease your stress and worry by providing invaluable support. These organizations will also help you with applications for grants, loans and scholarships if you are thinking of furthering your education. These packages will put money in your hands to help you get things done and improve your life. It is important to remember that the only way you will qualify for these programs is if you are within a certain low income bracket.
The Federal Government also offers a wide variety of assistance for single mothers including, but not limited to, the welfare program which will help you with basic needs, scholarships and grants, and even low cost housing. There are over 900 programs available and they all can be found on the government websites. There are private websites that will charge a fee to disclose information to you. You should avoid these as all this information is freely available and no private company will have more information about government programs than the official websites themselves.
There are also certain programs that offer funding for single mothers to start up small businesses, including training and help with planning. Therefore if you feel you are up to taking on a new challenge, especially since you can base your business at home, then this might be the ideal option for you. Remember, though, that the majority of these programs come as loans, but generally with better afferent costs. Still, the independence a small business will offer you and your child is invaluable and worth a little difficulty in the beginning.
However, regardless of the assistance available to single mothers, the point is that unless you put the work in, you will not get anywhere. You need to search every single day and call in favors off of anyone that can help you out. Keeping this up will mean that sooner or later, something will come of it, and since pride comes before a fall, you shouldn’t let it stand in your way to guaranteeing a good life for your family.
Remember that cash assistance for single mothers is possible. You can pursue some type of loan program, look into getting grants, seek out scholarship, hunt down some welfare programs, or even visit local single mother shelters that offer tangible aid for moms in need.
Use these programs effectively and you may soon find that you have little to worry about. The secret is persistence, and you will have put the effort in and long hours of searching and filling out applications, even if some programs reject you, then you must try others. Don’t be discouraged after one rejection; try again as there will be the perfect program out there to suit your needs.
Ok, let’s talk about SOME of the options you can pursue if you need some cash assistance.
Loans as Cash Assistance
The easiest way to get some cash is to take out a loan. This could a personal loan from the bank, utilizing your bank overdraft for some extra money, taking out a payday loan, or even dipping into your credit card. Loans should ALWAYS be the last resource you look at. Please moms, before you consider taking out any sort of loan, remember that you are going to have to repay said loan and repay it with MORE money (called interest). Because of this, SingleMotherAssistance.net does not recommend single moms looking for emergency money seek out any sort of loan.
Note that loans are connected to your credit score. If you have bad credit, you won’t be able to get a loan (except a payday loan) or if you do manage to qualify, somehow, you are going to pay skyhigh interest. So please moms, don’t go applying for loans if your credit score is bad. And certainly, don’t go getting loans if your credit score is bad and your income situation is unstable. You should also find out what your credit score is, if you intent to get a loan of some sort in the future. You can get check your credit score for free online or simply write to the major credit agencies (there are three of them), and request your report — by the Fair Credit Act, you are entitled to a free report each year.
If you absolutely need some quick cash and you can be sure you can repay what you borrow QUICKLY, you can look at a payday loan. These loans have some of the highest fees on the market though and if you don’t repay them quickly, you can land yourself in an even worse financial situation than you start with. Payday loans should only ever be used for absolute emergencies (medical, dental, etc). Don’t take out a payday loan to buy that new Sony Playstation for your kid’s Christmas present! A better (cheaper) option would be to see if you can get a personal line of credit from your bank. This requires good credit on your part, but the interest rates are lower.
Nevertheless, here is a quick breakdown of the type of loans out there and some links to some recommended lenders:
These are small cash loans (under $2000) that are ridiculously easy to qualify for. There is no credit check, so nearly anyone (within reason) can qualify. This also makes them very dangerous loans, especially if you have no reliable income or are already in a financial hole. SingleMotherAssistance.net strongly advises that you don’t take out one of these loans unless it’s an absolute emergency AND you can repay the loan within a couple weeks. Payday loans have some of the highest interest rates out there and you can easily get into a situation of owing MORE interest than the principal amount after a couple missed payments. If you need a payday loan, then one reputable online payday lender is 60 Minute Payday.
These are loans of varying amounts. The typical way to get a personal loan is to approach your bank. Personal loans can be used to fix up your house, buy a car, or meet some financial need that you need a large sum of money for. You can get these loans from your bank. Typically, you’ll have to pass a credit check to qualify for an unsecured personal loan. One recommended online personal loan lender is Lending Club.
If you want to go back to college and you can’t foot the bill yourself (common these days), your best option is a federal student loan. The nice thing about these is they are student friendly — you typically don’t have to start repaying them until you finish your schooling. And often, you are given a grace period before having to make your first payment. Of course, this depends on the type of student loan you get. The main federal student loan is the Perkins student loan and the Stafford student loan. Go here for more info.
If you need more money (and it’s possible federal student loans won’t provide you with enough money to pay for school), you can pursue private student loans. Look at privatestudentloans.com to match yourself up with a private student loan lender.
A loan given out by the bank to help fund your home purchase. You can see our whole mortgage assistance section for more info about these type of loans. In terms of mortgage loans for financial assistance, there are a type of loan. These are called reverse mortgages and are basically a loan where you take a loan out against the equity of your home. If you have a home and equity (and these days, after the housing crash, most of you likely Won’t), you can take out money on your home to fund other purchases. While you can do so, we don’t recommend it as if the equity drops, you are in serious trouble. If you want to get a mortgage, consider the FHA home loan — one of the easier to qualify for mortgage loans these days. You can check with LendingTree.com to see if you qualify for the FHA.
Loans that you can start a business with. For the average single mom looking for some cash assistance, these loans are not applicable to your situation. If you need cash assistance for a business start up though, you might look into these kind of loans. You can read more about them here.
Verdict: Avoid loans for cash assistance unless you can pay them back quickly
Grants for Moms as Cash Assistance
First off, let me get this out of the way. If you’ve been reading about “grants for single moms”, “Obama grants for moms” or any sort of special financial assistance grant given to needy people, you’ve been reading non-sense information. I’m going to be straight with you: the US government is not going to hand you a wad of cash to bail you out of your financial problems, especially with the whole financial problems the entire US is experiencing. Sorry, there is not enough money for that right now. That’s not to say there are NOT programs backed by the federal government where you can’t get some money, but these programs are very specific.
In general, government grants (especially those found on places like grants.gov) are only given out to organizations that are involved with something like education, public welfare, or science. You as an individual won’t qualify, sorry.
The government does make available grant money for individuals in one specific circumstance: school. You can qualify for these grants (the biggest being the Pell Grant which can run up to a few thousand dollars every school semester), but you must be
1. Attending an accredited school (college or university)
2. Be an American Citizen
3. Have Financial Need
4. Fill out the FAFSA application (financial aid form that gives you access to federal student loans and federal financial aid programs).
Getting grants for education like the Pell grant will take time — you need to go through the application process.
Verdict: If you are a single mom that doesn’t go to school, then government grants are not a solution for emergency cash!
Private Grants for Assistance
There are SOME programs that you can find that will offer private grants. Again, most private grants (i.e. non government grants) are given for things like education or business. Most organizations are not going to toss you a few thousand dollars just because you are needy — it doesn’t work that way. So what are private grants? Well, you may find Corporations offer charity organizations that may hand out money. Or if you are an employee of some large corporation, you may find there are daycare grants or scholarship grants given out for employees to attend school.
Verdict: Unless you are seeking education assistance, private grants are not a likely source of cash for moms
Web Giveaway Sweepstakes
There are quite a few websites online that offer giveaways of some sort. These websites offer giveaways to either promote themselves in some way or are paid to by companies looking to advertise. Most of these giveaways function as sweepstakes. Some websites will even give you something free for signing up.
These are too numerous to really list them all, but I’ll list a few programs that relate to moms:
- Fill out the form to apply for the 10k Scholarships for Working Adults
- Sign up for a free Familyplanning.com membership and get grocery coupons and access to free baby samples
- Complete a brief survey out for a chance to win a $3500 shopping spree
- Fill out a survey and get a chance to win a $1500 gas card
- Win a $3500 dollar nursery makeover for you baby by filling out a survey
- Get a Free $250 Gift Card to your Favorite Baby Store
- Get ready for school with $1,500 shopping spree — short survey
- Do You Have a CuteKid? Submit photo for a chance to win 25k if you’re kid is the cutest!
- And here’s one where you fill out survey and get a ton of grocery coupons for online savings
Verdict: Worth filling out for the chance of winning some money or getting some free stuff for signing up
The federal government is usually not the best source for financial assistance. It’s true that there are a few federal programs like the HUD and housing choice voucher programs that do offer some assistance, but from what we’ve found, most of the assistance programs that single mothers can easily apply for are offered at the state level. We call these state assistance programs.
We’ve spent a good deal of time compiling a state by state list of the state assistance programs (if any) that might be of interest to single parents.
Verdict: State assistance programs are a single mom’s best bet for getting REAL financial help from the government
Charity/Non-Profit/Religious Organization Assistance
Another great resource for assistance comes from non-profit organizations. The assistance offered is usually not financial, but often material. You may be able to get free food, clothing, emotional counsel, job training/help and even a place to stay as a single parent in need. We suggest you look at our resources for single mothers section for a huge list of links and phone numbers to organizations that CAN offer you some direct assistance of some sort.
Verdict: Non-Profit Organizations are one of the best ways for single mothers to get some direct assistance in the form of shelter, food, clothing, emotional support, and career advice.
Need More Information About Financial Assistance? We’ve written extensively about financial assistance for single parents elsewhere:
- If you are looking for a list of money resources, we suggest you read our money for single mothers post.
- For a list of general resources (including money resources), you should also check out our Single Mother Resources section with a list of direct links to financial assistance programs
- Be sure and check out our Financial Help Section and our Financial Assistance Post
- Look at our State Assistance for Moms section
- If you are Canadian, then read our Canadian Assistance section.
This video below gives one example of many of the legit single mom organizations out there that can lend that helping hand. Not all organizations will give out loans, grants, or scholarships to moms — but there are many other resources that they can share like education, counseling, and strategic guidance.