If there’s one thing we can all agree on, it’s that parenting is tough! But parenting and managing finances solo? That’s a whole other level. As a single mum myself, I know how hard it can be to keep all those plates spinning, paying bills, buying food, covering childcare, and trying to make room for even a hint of self-care. MoneyPlus recently conducted a survey of single parents in the UK, and honestly, the results hit close to home. So let’s dive in and chat about what they found.
The Real Costs of Parenting Solo
We all know kids aren’t cheap (why do they grow out of their shoes so fast?!). But the survey confirmed that food and bills are the biggest drains on a single parent’s income, with over half of respondents saying most of their money goes on household bills like gas, electricity, and council tax. Food came in second, with nearly a third saying it eats up the largest chunk of their budget.
And let’s be real, it’s not just about paying for these things, it’s the constant stress of wondering if there’ll be enough left over for unexpected expenses, school trips, or even a tiny treat for yourself.
The rising cost of living hasn’t helped. Food prices alone have shot up by about 25% in the last couple of years, which means we’re all feeling the pinch. In fact, 44.5% of the parents surveyed said their biggest worry is not being able to afford essentials like food and bills. Heartbreakingly, 66.2% admitted they’ve had to cut back or go without. If you’re nodding along, trust me, you’re not alone@
Childcare Balancing Act
Childcare is another massive hurdle. For many of us, it’s like solving a riddle, how do you work full-time, afford childcare, and still have time to be present for your kids? Single dads in the survey were more likely to work full-time and pay for childcare, while single mums were more likely to work part-time or stay home to save costs. Either way, it’s a constant juggle, and the financial strain is real.
Personally, I’ve spent nights lying awake doing the maths in my head, “If I work more hours, I’ll earn more—but then I’ll pay more for childcare… so is it even worth it?” Spoiler, it’s exhausting.
When Finances Impact Mental Health
Here’s the part that really hits home, the link between money worries and mental health. A whopping 65.1% of single parents in the survey said their financial situation negatively affects their mental wellbeing. Can we all just take a moment to let that sink in?
I get it. The pressure of being the sole provider, making every decision alone, and constantly worrying about money can leave you feeling drained and isolated. The survey found that 62.9% of single parents feel lonely, and honestly, I’m not surprised. When you’re the one holding everything together, it can feel like there’s no space left for your own needs.
But here’s the thing, you’re not alone, and there is help out there. Whether it’s reaching out to a GP, connecting with support groups like Gingerbread, or even just having a chat with a friend, it’s so important to prioritise your mental health.
Finding Support and Solutions
If you’re struggling with debt, it can feel overwhelming, but there are options. Organisations can help with advice on things like Debt Management Plans (DMPs) and Individual Voluntary Arrangements (IVAs). These might sound technical, but the gist is that they can help ease some of the financial pressure and give you room to breathe.
And don’t underestimate the power of community. MoneyPlus’s campaign encourages single parents to share their stories using the hashtag #SoloParentStruggles. It’s a reminder that we’re all in this together, and talking about these challenges can make a world of difference.
A Final Thought
If you’re a single parent feeling the weight of finances and mental health struggles, know this, you’re doing an amazing job. It’s not easy, but every day you show up for your kids is a win. Remember, there’s no shame in asking for help, whether it’s financial advice, mental health support, or just a listening ear.
You’ve got this, and you’re not alone. Let’s keep the conversation going and lift each other up.
