Money Magazine

Single parents’ balancing act

FAMILY MONEY Susan Hely

As a single parent to six-year-old Luna, Sheridan Rowe says her life is a fine balance between working as much as she can to pay the bills and finding some space so she can be a decent parent.

Single parents typically reduce their working hours and income to care for their children. At the same time, they bear many – or all – of the costs of running a home, such as rent or mortgage, home and contents insurance, transport, medical bills and childcare.

“Everything is on you,” says Rowe, who doesn't receive any financial support from Luna's father.

It's a similar story tor Sarah King, single mother of two-year-old Amelia, who says doing everything on your own can lead to burnout. “It's a snowball effect,” she says, adding that once Amelia is asleep and

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