Single parent families can face significant challenges with ensuring that their families are well catered for.  According to a study by Policy Exchange, more than 1 in 3 single parents in Britain are unemployed, and to be able to look after their children, single parent households tend to claim twice as many benefits as households with more than 1 parent. Most single mothers are likely to stay unemployed. However, recent changes to the benefits system for working age people, and the long wait experienced by claimants may require single mothers to consider other sources of finance, and can start by looking closer to home – there are many opportunities for single mums to use their homes to raise funds for various uses, and earn extra cash to support their families.

Using your home to raise finance

When it comes to raising money for big purchases or projects such as family holidays and home improvements, single mums can have difficulty in coming by the required amounts.  Single mothers can raise much needed cash to look after themselves and their families through various forms of remortgaging and releasing equity on their home.  65% of UK households are owner-occupied, and according to a report by the Equity Release Council, the number of homeowners releasing equity on their homes has doubled during the last 5 years, with 10,000 more homeowners doing so in 2017, compared to the previous year.  

Welcoming paying lodgers and guests

It is estimated that 52% of homes are under-occupied.  As a single mum, any spare space you have in your home can be put to good use to earn you and your family extra money.  There are a number of ways that space in homes is currently being rented out, offering you the opportunity to decide on a convenient way to generate additional cash. According to the English Housing Survey, the number of people aged between 25-34 who are renting privately has increased to 46% from 24% about 10 years ago.  There are opportunities for you to make money by renting out a spare room in your house to a lodger who will pay rent and contribute towards the bills or to paying guests, students and professionals.

Taking advantage of other commercial rental opportunities

Unused rooms and spaces such as the attic, loft and other free spaces can also be advertised and rented out as storage space for fees. Renting out your parking space for use by people attending entertainment programmes and sports events can also make you some money. There are further opportunities to earn money if you are happy for your home to be used for business and other commercial purposes. Using, you can rent out space in your home for meetings, or provide the necessary furniture such as tables and chairs for office use. You could also earn money by renting out your home for filming and photoshoots through

There are opportunities to make extra money by using your house, and single mothers in need of some extra cash can put in some effort and take advantage of these opportunities.  You will be laughing all the way to the bank, and will be glad you did.  

Vicky Charles

Vicky is a single mother, writer and card reader.


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