Single Best
Single parents have a hefty lift when it comes to caring for children, responsible not only for their emotional and physical well-being, but often for their financial needs too. And there are more single-parent homes than ever before: In 2020, 19 million children, a quarter of children in the U.S., lived in single-parent households, the highest rate in the world. Being a sole provider takes planning and savvy spending, so we asked a few single parents to share their best tips on how to stretch a dollar — remembering that when it comes down to it, “kids need healthy food, a safe home, love, and relatively clean clothes,” says Emma Johnson, a Richmond, Virginia–based mother of two who blogs at Wealthy Single Mommy. “Don't get sucked into the cultural and marketing mania that encourages parents to spend beyond their means.”
Related: Great Gifts for New Parents