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How to Find Family Finance Help

Updated on June 22, 2012

In today's economy more and more families are in need of financial assistance. Whether you need short-term or long-term financial help do not get discouraged because there are many options available to help you through you time of financial need.

Asking Family Members for Money

A good place look for financial assistance is within your family. Depending on the situation and the amount of money you need a family member may be able to help. You may only need a small amount of cash to pay an unexpected expense, or emergency funds that you wouldn't be able to come up with right away.

Be sure to pay the money back to your family member as soon as possible. You do not want to avoid paying them or even hold off on paying them just because they are a relative. If you fail to pay them back in a reasonable amount of time they may not be there to help you out again in the future.

Turning to a relative works best for short-term financial help.

Public Assistance

Many people have a negative outlook when it comes to Public Assistance. But depending on your financial circumstances this may be your only option. If you fall within the income limits for your household size you are entitled to receive certain benefits. These benefits can include health insurance, food stamps, or even a cash allowance. You can also qualify for housing assistance and help with certain utility expenses. During the winter months there are programs that will help you with your homes heating costs.

All you have to do is visit your local Public Assistance Office and fill out an application. It is a good idea to call first to find out what information you will need to bring with you because most times you will be able to meet with a case worker that day. By meeting with your case worker immediately you will know whether or not you qualify.

If you find yourself needing public assistance do not be ashamed. It is there for the purpose of helping people in their time of need!

Bank Loans

If you need long-term assistance you may consider applying for a loan. Be sure you do not borrow more than what your budget allows you to spend. You do not want to find yourself paying on a loan that you really can not afford because this will only hurt you more financially. Some financial institutions offer line-of-credit loans which can be useful because you do not need to take the funds right away. It is more like a credit account, you only pay back what you spend and the interest is only calculated on the amount being paid back.

Community Resources

If you are unsure where to turn for financial help consider talking with someone from your Community Resource Center. They can effectively help you turn in the right direction to find the type of assistance that will best fit your family's needs. Even by speaking with someone at your child's Head Start Center will help because they tend to have a list of resources that you may have not known were available. Just remember, it doesn't hurt to ask!


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    • JillKostow profile image

      Jill Kostowskie 5 years ago from Pennsylvania

      spartucusjones - In this ecomony you never know when you may find yourself needing a little help. You are right, family members can help tramendously without causing extra hardships while paying the funds back.

      krsharp05 - There is a stigma associated with public assistance, especially in my area. It is a shame because many families that do qualify for the help refuse it due to the fact of being judged by others.

      Simone Smith - Many people do forget about their local community centers. Even if they can not help you they can definately steer you in the correct direction!

    • Simone Smith profile image

      Simone Haruko Smith 5 years ago from San Francisco

      A nice overview of the major options! I had not thought of community resource centers as an alternative, but of COURSE they are! Great tip on that front.

    • krsharp05 profile image

      Kristi Sharp 5 years ago from Born in Missouri. Raised in Minnesota.

      This is a very good hub with great suggestions. I think there is a stigma associated with public assistance and it's terribly unfortunate because in my field, it's very common and is a tremendous benefit to kids. Super ideas. -K

    • spartucusjones profile image

      CJ Baker 5 years ago from Parts Unknown

      You provided many practical tips for our difficult economic times! I know in the past there as been a couple of occasions when I needed temporary support from family members. I have also did the same to help out family members when I have been in a position to do so. That temporary mutual support can sometimes help to avoid unnecessary debt.

    • JillKostow profile image

      Jill Kostowskie 5 years ago from Pennsylvania

      Thanks leahlefler! I am very grateful for the WIC Program because I would have never been able to afford to pay for formula when my children were infants, and it did help a great deal with supplying milk and cereal as they grew. I wish people viewed public assistance in a more positive matter because it can help families in need!

    • leahlefler profile image

      Leah Lefler 5 years ago from Western New York

      Great tips on finding financial help, Jill. So many families are cash-strapped in these trying times. I have a friend who relies on WIC (the women/infant/children program) for their food supplies. They both work, but their income is too low to pay for their food supplies. Sometimes public assistance is necessary!