Two households cost more than one. That's simple maths, and almost every separated parent feels it. Money stress doesn't just hurt your bank balance. Research shows financial pressure raises parents' stress, which then affects how patient and warm we are with our kids (Conger, Conger and Martin 2010). Getting on top of money is part of looking after your children.

What helps

• Know your numbers. Write down everything coming in and going out for one month. Use the free Moneysmart budget planner.

• Cover the essentials first. Housing, food, utilities, transport, and the kids' basics.

• Call before you fall behind. Banks, energy companies and phone providers all have hardship programs. Ask early.

• Avoid quick fixes. Payday loans and buy now pay later can turn a short-term gap into long-term debt.

• Get free advice. A financial counsellor through the National Debt Helpline (1800 007 007) costs nothing and can negotiate with creditors for you.

• Check your entitlements. You may be eligible for payments through Services Australia, depending on your care arrangements and income.

• Get advice on property settlement. There are time limits for applying to the court after a divorce or the end of a de facto relationship.

Find out more: Moneysmart · National Debt Helpline · Services Australia

This is general information only. Get financial or legal advice for your own situation.