Cheap Housing

As a single parent, it can be difficult trying to keep up with the many expenses that parenthood has to offer without another steady stream of income flowing in from someone other than yourself.  As such, it may be sensible to consider finding cheaper housing alternatives than simply owning a home.  The savings from doing such a thing can be significant and will help to offset costs of raising a child or children on your own.  With that said, what are some cheap housing alternatives to consider?  What follows are two options that are not only inexpensive, but worthy of consideration as well.

First and foremost, consider renting a smaller home or apartment as opposed to owning a home. Sure, interest rates on mortgages are at their all-time low right now, but you must consider the debt load that you will be carrying with that mortgage.  Instead of dealing with that hassle, you could rent anything from a smaller sized home to an efficient apartment, depending on how comfortable you are when it comes to finances. 

The next option to consider may not be possible for every single parent, but for those that can they should definitely contemplate it, and that is living with your parents.  There is a supposed social stigma in the United States today when it comes to adults living at home with their parents, but one must realize that it is perfectly fine to do so.  If you find yourself short on finances, living with parents can provide two distinct benefits.  First of all, rent will be free (or a lot smaller than renting home or apartment), allowing you to spend money on other necessities.  Second, your parents could look after the child or children while you are away, which provides an added sense of security, especially if you have children that are young.

For more information on Cheap Housing, visit www.SPAOA.org