Teenage pregnancy poses different problems than for adult parents. Aside from the emotional, psychological, and personal issues associated with a teenage pregnancy, there are often difficult financial obligations to tend to as well. Teen parents often don’t realize the resources they have available to them in order to help meet financial obligations as well as meet personal career goals. While having a baby as a teenager can certainly make reaching career goals difficult, it is not impossible, and the right resources will help teen parents deal with the financial obligations associated with parenthood.
Supporting Your Family:
One of the biggest challenges posed to teen parents comes via financial support as it can be difficult to make ends meet. Between finishing school, working, and taking care of a baby, financial options are often few and far between. There is a double challenge for teenage parents in that many cannot find meaningful employment without a high school diploma, and the hours needed to obtain the diploma take away from the time dedicated to earning money. The statistics regarding teen parents is eye opening in that 80% of them involve unmarried mothers who haven’t earned a high school diploma. The lack of formal education often leaves teenage mothers unqualified for higher paying jobs, and makes it far more difficult for them to support their families. This makes it extremely crucial for teen parents to have a strong partnership and a reasonable plan for completing education. A strong partnership is also important for setting future goals that allow them to be good parents while still being able to achieve personal, economic, social, and emotional goals.
Finding Financial Assistance:
There are a variety of programs in place for providing assistance financially to teenage parents. Local city, county, and state agencies may be able to offer financial assistance to teen parents or point teens in the right direction to gain financial assistance for raising their families. Some of these programs offer teens affordable housing, affordable childcare, and other financial options making it possible for teen parents to stay in school to complete their educations. There are dozens of websites and services available for teens to help them meet their financial obligations and keep them on track to finishing their primary educations. The US Department of Health and Human Services offers immediate financial aid to families through TANF and other sponsored programs designed to help teen parents. There are also a lot of private organizations available as well as different specialty schools which allow teen mothers or teen parents to continue their educations throughout pregnancy and beyond.
Approaching Parents For Financial Assistance:
The idea of going to mom and dad to help financially can be frightening, particularly if they were less than supportive of the pregnancy to begin with. A lot of parents are willing to help their teenager financially if it means they will be able to better themselves and their future situations. Being candid about finances and living expenses, as well as the cost of necessities to care for a new baby can help get the financial assistance you need from your parents. Remember, your parents once had a new baby, too, and often empathize with how difficult and expensive it can be to raise a child. Many parents may not be able to financially offer you much assistance, but can instead offer you childcare, a roof over your heads, or if nothing else, emotional support to help you get on your feet.
Financial Management Tips For Teen Parents:
When you are a teen parent, it can be hard to keep your eye on the future while still providing food, diapers, and medical care for your new baby. However, successful financial management will be crucial to being able to support yourself and your family. Some quick suggestions include:
Start saving now. Put away whatever extra money left after paying bills and living expenses. It may be tempting to splurge on eating out, buying a new phone, or installing a better sound system in your car, but instead think about long term goals. That doesn’t mean you can’t treat yourself sometimes. However, frivolous spending can have you living outside of your means.
Budget wisely. Making and sticking with a budget can be difficult. Fluctuating gas prices and rising food prices seem to give you less to work with. Making a budget and sticking with it will help your finances stay in better shape.
Enlist help. If your parents offer free child care, take it. If you are offered scholarships, take them. If you are offered free or reduced lunches for your child, take them. Many people have too much pride to ask for help when needed, but accepting help may allow you to gain financial footing and keep you living well within your means.
Summary:
The financial obligations for any new family can be difficult, but for teen parents they can be even harder to manage. Finishing school often becomes an afterthought to raising a baby, leading to lower paying jobs and lack of financial support. Fortunately, there are places to turn for financial assistance for teen parents which allow them to remain in school and stay on target to reach their career goals. Asking for help from parents can be difficult, however many are willing to help any way they can. Setting some financial goals and following some basic financial tips will help keep you living within your means and keep you living comfortably with an eye on the future.
Teenage pregnancy poses different problems than for adult parents. Aside from the emotional, psychological, and personal issues associated with a teenage pregnancy, there are often difficult financial obligations to tend to as well. Teen parents often don’t realize the resources they have available to them in order to help meet financial obligations as well as meet personal career goals. While having a baby as a teenager can certainly make reaching career goals difficult, it is not impossible, and the right resources will help teen parents deal with the financial obligations associated with parenthood. Supporting Your Family:One of the biggest challenges posed to teen parents comes via financial support as it can be difficult to make ends meet. Between finishing school, working, and taking care of a baby, financial options are often few and far between. There is a double challenge for teenage parents in that many cannot find meaningful employment without a high school diploma, and the hours needed to obtain the diploma take away from the time dedicated to earning money. The statistics regarding teen parents is eye opening in that 80% of them involve unmarried mothers who haven’t earned a high school diploma. The lack of formal education often leaves teenage mothers unqualified for higher paying jobs, and makes it far more difficult for them to support their families. This makes it extremely crucial for teen parents to have a strong partnership and a reasonable plan for completing education. A strong partnership is also important for setting future goals that allow them to be good parents while still being able to achieve personal, economic, social, and emotional goals.Finding Financial Assistance:There are a variety of programs in place for providing assistance financially to teenage parents. Local city, county, and state agencies may be able to offer financial assistance to teen parents or point teens in the right direction to gain financial assistance for raising their families. Some of these programs offer teens affordable housing, affordable childcare, and other financial options making it possible for teen parents to stay in school to complete their educations. There are dozens of websites and services available for teens to help them meet their financial obligations and keep them on track to finishing their primary educations. The US Department of Health and Human Services offers immediate financial aid to families through TANF and other sponsored programs designed to help teen parents. There are also a lot of private organizations available as well as different specialty schools which allow teen mothers or teen parents to continue their educations throughout pregnancy and beyond.Approaching Parents For Financial Assistance:The idea of going to mom and dad to help financially can be frightening, particularly if they were less than supportive of the pregnancy to begin with. A lot of parents are willing to help their teenager financially if it means they will be able to better themselves and their future situations. Being candid about finances and living expenses, as well as the cost of necessities to care for a new baby can help get the financial assistance you need from your parents. Remember, your parents once had a new baby, too, and often empathize with how difficult and expensive it can be to raise a child. Many parents may not be able to financially offer you much assistance, but can instead offer you childcare, a roof over your heads, or if nothing else, emotional support to help you get on your feet.Financial Management Tips For Teen Parents:When you are a teen parent, it can be hard to keep your eye on the future while still providing food, diapers, and medical care for your new baby. However, successful financial management will be crucial to being able to support yourself and your family. Some quick suggestions include:Start saving now. Put away whatever extra money left after paying bills and living expenses. It may be tempting to splurge on eating out, buying a new phone, or installing a better sound system in your car, but instead think about long term goals. That doesn’t mean you can’t treat yourself sometimes. However, frivolous spending can have you living outside of your means.Budget wisely. Making and sticking with a budget can be difficult. Fluctuating gas prices and rising food prices seem to give you less to work with. Making a budget and sticking with it will help your finances stay in better shape.Enlist help. If your parents offer free child care, take it. If you are offered scholarships, take them. If you are offered free or reduced lunches for your child, take them. Many people have too much pride to ask for help when needed, but accepting help may allow you to gain financial footing and keep you living well within your means.Summary:The financial obligations for any new family can be difficult, but for teen parents they can be even harder to manage. Finishing school often becomes an afterthought to raising a baby, leading to lower paying jobs and lack of financial support. Fortunately, there are places to turn for financial assistance for teen parents which allow them to remain in school and stay on target to reach their career goals. Asking for help from parents can be difficult, however many are willing to help any way they can. Setting some financial goals and following some basic financial tips will help keep you living within your means and keep you living comfortably with an eye on the future.
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