Knowing that you owe lots of money and can’t keep up the payments can feel really scary. Please don’t ignore the problem: it won’t go away and the longer you leave it, the worse it will get.
Money & Debt
Debt is a major cause of anxiety and stress for single parents and especially for parents who have recently separated. If you need advice and support on managing money issues and debt, make a start by reading some of the articles in this section. They are updated regularly and the information is checked by our own advisors and external financial experts.
We have teamed up with Money Matters, a Bristol based organisation providing debt, money and energy advice under the Government funded Money Advisory Service. Their advisers are fully accredited to provide the best up to date advice available.
If you are parenting alone and need advice on benefits and welfare matters, contact the Citizens Advice Bureau.
Guide to Dealing with Debt
Guide to Dealing with Debt
Understanding different types of debt
It is important that you understand the difference between priority and non priority debt and understand which ones you must deal with first and how to deal with them.
Understanding different types of debt
Emotional Effects of Debt
It may seem strange to talk about debt having “emotional effects”. After all, if we are in debt there are many practical issues to face.
Emotional Effects of Debt
What is Bankruptcy?
Bankruptcy is a legal process that allows a person to deal with debts that they are unable to repay.
What is Bankruptcy?
Alternatives to Bankruptcy
As a one parent family you may well have seen adverts promising a quick way out of debt. But take care! The reality may be very different.
What is Bankruptcy?
Guide to Bankruptcy
Being a one parent family can be full of pleasures, yet now and again we have to deal with some downsides.
Guide to Bankruptcy
Guide to Living on a Budget
Many single parents have to live on a budget. Get into a healthy habit of planning so you can manage your money in a realistic way, and learn some money-saving skills
Guide to Living on a Budget
Useful Calculators
In alphabetical order, here is a comprehensive list of online tools, planners and calculators to help with everyday life.
Useful Calculators
Grants and Loans for Adult Learners
If you are planning to return to education and you have done your research you will know that there is a wide choice of subjects available to you; many are free
Grants and Loans for Adult Learners
Grants for Fuel and Water Bills
Many water and energy suppliers have trusts and funds which can offer grants to help with utility bills and sometimes other household bills and necessities for low income families.
Grants for Fuel and Water Bills
50 Ways to spend less and make Money
We’ve put together some of our favourite money-saving and money-making tips for you: Money Making Tips Not 10, 20 or 30 but 50 ways to improve your finances
50 Ways to spend less and make Money