1. Temporary Assistance For Needy Families
We begin this list with TANF, a program that actually gives out cash to families in need. As you can tell by its name, qualifying for this program won’t give you free cash forever, as it’s meant to offer temporary assistance until you can become financially independent. Still, if you’re low on funds and need help so you can pay your bills, applying for TANF is an intelligent move.
2. Supplemental Security Income
SSI is another government program that disburses monthly cash payments to those in need. Low-income adults and disabled children can use those funds to help pay for shelter, food, and clothing.
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3. Supplemental Nutrition Assistance Program
Imagine getting a card loaded with funds every month that you could use to buy healthy food for your family. Apply for SNAP (food stamps), and that could become your reality.
This popular assistance program gives families in need the power to put food on the table. To qualify, you’ll need to meet some income requirements. Once approved, you can look forward to monthly funds on your EBT card that will depend on your income level and how many people are in your home.
4. Housing Choice Voucher Program
If you’ve heard of Section 8, then you’re probably somewhat familiar with this program. A Housing Choice Voucher pays a portion of your rent directly to your landlord. In doing so, it makes rent much more manageable, so paying your other bills becomes easier.
Many low-income families dish out over half of their income towards rent, leaving them with little leftover. By getting cash that goes to your landlord, you can look forward to paying as little as 30 percent of your income on rent instead.
5. Pell Grant
Do you want to go to school to further your education and increase your income? The high cost of college may be standing in your way, but a Pell Grant can help make school more affordable.
If you qualify for a Pell Grant, you could get as much as $6,495 from the government each year. You can then use those funds for various purposes, such as tuition, books, housing, transportation, a laptop, and more.
6. Medicaid
Medicaid won’t put cash in your pocket, but it’ll prevent it from leaving. How? By giving you free healthcare, which can equal a ton of money per year, depending on your needs.
By eliminating costly healthcare from your budget, you can ensure you stay in tip-top shape without having to worry about breaking the bank when going to the doctor.
7. Children’s Health Insurance Program
If you can’t qualify for Medicaid because your income is a bit too high, your children could receive healthcare coverage via CHIP. With it, they can enjoy preventative and emergency care, so you don’t have to worry about forking over cash for doctor visits, exams, dental care, eye exams, and more.