Most Common Financial Challenges For Moms
Do you consider yourself a breadwinner because you are earning more than your husband? Are you a single parent whose income goes to budget allocation for you and your children’s basic needs? If yes, then most probably you will easily get affected by these significant financial challenges common to all breadwinner moms out there:
- Reduced Income. A recent survey found out that a significant number of breadwinner moms were affected by unemployment and underemployment. Such circumstances took a toll on their marriage which led to domestic conflict, separation and even divorce. This is particularly due to the damaging domino effect a reduced income has brought to the family. Managing a household budget on your own is already very challenging. How much more difficult will it be if you suddenly experience reduced income from unemployment?
- Increased expense. Another financial challenge common to breadwinner moms is sudden increase in expenses. This may be due to external familial factors like the rise in price of commodities or internal familial factors like an increase in family size. Maximizing a meager budget for a constantly increasing expense is indeed a financial challenge.
- Bad Credit. Because of unexpected rise in expenses, breadwinner moms are forced to resort to their credit cards to pay for other finances. However, since there is no increase in their income, they are unable to pay their credit card dues which ultimately result to them incurring a bad credit. This is a great financial obstacle as it reduces their ability to lend money from financial institutions.
In case you are affected by any of the financial challenges above, and you have nowhere else to run to, always remember that you can use the equity of your paid off vehicle for car title loans. Such instrument is readily available to you despite experiencing any of the challenges above. Learn more about it below.
Borrow Money Through Black Diamond Car Title Loans
Car Title Loans Canada specializes in Black Diamond Car Title Loans. Black Diamond car title loans are safe, reliable and affordable financial solutions available to people who can use their car as collateral for a loan. What the lender would take is only your car title so you can still drive your car while paying your loan. Upon full payment, you get back your car title. If interested, contact us today at 1-855-653-5451 for us to process your application.