Single Parent Home Buying

Single parent home buying is not as complex as it may seem, although any single parent has a tough job in the midst of their life.Whether through tragedy or circumstance, they are left with the burden of fending for a child all alone. Food, water, the general amenities that all of us take for granted are limited by the cash income of a single working body having to pay for two people.However the greatest monetary tax to a single parent is normally none of these.

It is finding an affordable home while balancing all of the other problems that call for the attention of the parent. So what does one do in this situation? Well, there are a few available  single parent home buying options,  from pay plans to common sense. Let us go over a few.

Prioritization

I am sure that any single parent thinks about this at some point, and probably quite often. However you really should just sit down and really give it some hard thought. What is most important? What can you afford right now? Everyone believes that things will get better in the long term, and they probably will. However you are going to have to manage the short term in order to make it to the long term. Now I’m not asking you to choose between your child and electricity. Just simple things like if that tub of ice cream is really worth it, or do you really need to spend the gas money to make that trip to funland? This one is all up to you to take care of. These kind of things will also carry over to when you don’t need to worry about the house anymore!

Programs

Now back to the house specific things. there are a multitude of programs available for the enterprising house owner. There are even some specifically available for single parents. Some highlights:

• Housing Choice Vouchers: This program offers housing aid to low income families. While it doesn’t specifically apply to single parents, most single parents will be able to benefit from this. These can take as much as 30 percent off the rent. This is available through the public housing agency so it’s a great option.
• Individual Development Account: This is normally a community started savingings account for helping low income households. It gets linked to your current house while you are paying and gives you a little breathing room with your money. You can find out more about them by checking the Cooperation for Economic Development. An organization that, well, promotes economic development!

Other options are available for enterprising single families, but most of the savings come down to being smart and active. Looking for savings where you can and being frugal can go a long way. Don’t be afraid to ask for help to! While most people haven’t had to deal with being a single parent, we have had to deal with overwhelming financial burdens. An awesome friend or a sympathetic landlord could be all it takes to turn crushing mortgage burdens into manageable problems. After that you can always find some of the financial aid that society puts out for people, Government or otherwise. So don’t let the money problems get you down. The solutions are always there and are just waiting for a proactive person to find them.