Financial Literacy - Single Moms Planet

320 million children are living in single-parent households, most often headed by single mothers who are not financially educated.

Nearly 4 in 10 single mothers worldwide are at high risk of financial hardship which makes an impact on psychological wellbeing. In some cases, families go without food and struggle to pay bills. Isolation, anxiety, depression, paranoia, and suicidal thoughts are results of financial instability. Single Moms Planet provides access to financial education for single mothers and their children to end the poverty cycle for good.

LEARN HOW YOU CAN SUPPORT

320 million children are living in single-parent households, most often headed by single mothers who are not financially educated.

Nearly 4 in 10 single mothers worldwide are at high risk of financial hardship which makes an impact on psychological wellbeing. In some cases, families go without food and struggle to pay bills. Isolation, anxiety, depression, paranoia, and suicidal thoughts are results of financial instability. Single Moms Planet provides access to financial education for single parents and their children to end the poverty cycle for good.

LEARN HOW YOU CAN SUPPORT

Financial Literacy Changes Everything

This is how we empower single-parent households

PHYSICAL HEALTH

When financial stress takes over a single mother’s life they feel so ill that they are unable to eat. With the stress related to work and the need to bring in extra money leading to exhaustion, many single mothers begin feeling run down which results in their psychological wellbeing being affected.

CRISIS

Single parents go into a crisis state when they feel overwhelmed sorting out bills, understanding tax-credits, taking care of the house and caring for the children. Feelings of entrapment, desperation and being unable to get out of their current poverty state can led to suicidal thoughts.

POVERTY

A single mother trying to run a household is five times more likely to live in poverty than a family helmed by a married couple. We help single mother households gain the knowledge needed to persevere including tax experts who specialize in EITC (earned income tax credit).

TEACH THE CHILDREN

Not only is financial education the best way to break the debt cycle, but it’s also a way for single mothers to bond with their children while learning about healthy money habits. Investing, banking, negotiation, saving, giving and healthy spending habits are all part of our programs.

WHY FINANCIAL LITERACY?

Learn why Single Moms Planet needs your help to end the poverty cycle for single mothers worldwide. Through our financial education partnerships we are able to educate single-mothers and their families.

LEARN HOW YOU CAN SUPPORT

HOW DO WE TACKLE THE FINANCIAL LITERACY CRISIS?

We work with local experts and community members globally to find the solutions for single mother households, through our, “Smart Mommy, Smart Money” programs, online classes, community workshops, mentorship programs and tax preparation support with experts who specialize in EITC (earned income tax credit). With every financial literacy program that we fund, our partners coordinate follow up and community trainings to help keep families healthy and prosperous for years to come.