Financial Advice For Single Moms

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Starting this article got me wondering.  What exactly is a single mom?  Is she the mother of a child or children who never had a relationship with the father?  Is she a single mother because she chose to be?  Is she a single mother because the father passed away, or even walked away?  Is she a divorced mother?  Each of these scenarios have their different implications, and each of these scenarios have different and often difficult financial implications.

Raising a family on a single income is difficult, and as women and mothers we have always been expected to “pull in the apron strings”, “cut back a little” or simply “do without”.  But what if we don’t want to do that?  What if we want to earn a little extra each month which can mean less stress and peace of mind.

Let’s look at some different avenues you can take to do just that. 

Can I Get Money For Being A Single Mom?

There are various types of grants available for single mothers in the U.S.  Let’s look at three of the most popular. 

Temporary Assistance for Needy Families (TANF)
The aim of TANF is to assist families to become financially self-sufficient by providing financial assistance and job opportunities.  They offer two types of grants namely “child only” and “family” grants.  A single mom who works a minimum of 2 hours per week is eligible for this benefit provided here children are under the age of 19.  Take note that TANF cash benefits vary from state to state. For more information have a look at the website.

The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC)
WIC provide grants for food, health care referrals and nutrition education for low-income pregnant, breastfeeding, and non-breastfeeding postpartum women, and to infants and children up to age five. Currently, WIC operations will vary by region/WIC local agency so please contact your local WIC clinic directly for additional details or questions.

Unemployment Insurance

The Department of Labor provides compensation on a weekly basis to unemployed people who have lost their jobs through no fault of their own.  This includes jobs lost because of the Covid-19 pandemic.  

Unemployment benefits assist out-of-work single mothers by temporarily replacing part of their wages while they try to find work.  Benefits vary from state to state and differ in how long they will provide these benefits for.  You will need to file a claim with the unemployment insurance program in the state where you worked to receive unemployment insurance benefits.

In addition, there are grants such as “Medicaid”, which subsidizes health insurance and “Tax Credits” for low income families.

Whether you are a single mom needing help with paying bills, or maybe you want to go back to school, here are some grants and links for single moms: 

  • Federal Pell Grant
  • Diversion Cash Assistance (DCA)
  • Child Care Assistance Program (CCAP)
  • Public Housing Program
  • Low Income Home Energy Assistance Program (LIHEAP)

Money Masters

What Is A Good Salary For A Single Mom?

$990 is the weekly median earnings for full-time wage or salary in the USA. This translates to an annual income of around $51,000.  An income above that should be considered a good salary, although this varies from city to city and depends on the level of education and type of job.   

What Can Single Moms Do To Make Money?

It is necessary to know which opportunities will allow you to maintain a balance between work, personal activities, and most importantly your parental responsibilities. 

With the outbreak of the coronavirus pandemic, working from home has opened up a new range of career possibilities.  This time of transition offers great opportunity to make positive changes.

Here we list some job possibilities you might find interesting:

  1. Blogging
  2. Virtual Assistance
  3. Child-Care Provider
  4. Online Teaching
  5. Data Capturing
  6. Bookkeeping
  7. Proofreading
  8. Affiliate Marketing
  9. Social Media Marketing
  10. Transcribing

How Do Single Moms Survive Financially?

Besides running a single-income household, single mothers face many other challenges.

Here is some advice on financial survival.

  1. If you are employed, ask for a raise or negotiate flexible working hours.
  2. Know Your Money and know how much is coming in and exactly where it goes.
  3. Don’t rely on child support.  Focus on financial self-sufficiency.
  4. Plan Ahead.  It will save you from running into financial difficulties.
  5. Communicate with your child about money. 
  6. Save for your child’s education.
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Being financially stable & providing for your household is tougher when you’re doing it alone, but good planning and advice will make it possible. You are not alone, and it’s time to cancel the term “that’s just how it is for single mothers”.


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