Category: Kids and Money

Crisis Budgeting: How to Survive Financial Catastrophe And Thrive on the Other Side

When you’re a single parent, it doesn’t take much to knock you into a financial crisis. Sudden job loss… flooded basement… a sick or injured child… dozens of things can make you dip into and use up your emergency savings. And those financial setbacks can leave you struggling to make ends meet. Lots of times,...

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Save $2,000 Using Head of Household Tax Status…Here’s How to Qualify

Updated for 2019 You can save more than $2,000 on your tax bill by checking one little box: Head of Household status. That’s why you and every eligible single mom should claim Head of Household (HoH) status… to keep that income tax bill as low as possible. Using this filing status can save you hundreds,...

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Getting Divorced? Cut ALL Financial Ties

It’s sounds drastic: Sever all of your financial ties in the divorce. After all, you were married to this person, you have kids together. And keeping some kind of connection doesn’t seem risky…but it is. No matter how good your relationship is, no matter how well you communicate, you can’t predict the future. Except for...

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First time with FAFSA? Here are some quick tips to get you started

UPDATED FOR 2019 If, like so many single moms, you are the custodial parent of a child (under 24 years old) who’s soon heading for college, it's time to FAFSA. To get any cash for college – grants, work-study, scholarships, and federal loans – you have to fill out the FAFSA, the Free Application for...

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How to Repair the Damage of Child Identity Theft

Single moms, if your child has been the victim of identity theft, you’ll need to take specific steps to reverse the damage and protect him from future financial attacks. This process can be really frustrating, so make sure your child has an existing credit report before you go through these steps. If there is one,...

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Crucial: Check Your Child’s Credit BEFORE It’s Too Late

With everything single moms need to worry about, it’s a shame we have to deal with this, too. But the child identity theft industry is huge, and it’s only getting bigger. Unfortunately, most of us find out the hard way that our kids have been victimized… You take your ten-year-old child to the bank to...

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