What is a personal grant?
A personal grant is ideal when you need money but don’t want to take on debt. Some governments offer cash grants for personal needs. Unlike loans, grants don’t need to be paid back. These grants are not for paying off consumer debt.
Some may be designed to help with children’s clothes and school supplies.
Getting cash grants for personal needs won’t leave you with expensive interest payments.
People who are more likely to qualify for cash grants for personal needs are single mothers and veterans. These grants may also be limited to certain geographic areas.
How to apply for cash grants for personal needs:
Make sure that you stay away from sites that charge you a fee for their services. These are likely scams.
In the United States, you can visit www.grants.gov. Benefits and grants are available for higher education and small business assistance in the form of loans and research grants.
In South Africa, cash grants for personal needs have strict guidelines for application. Social grants are administered by the South African Social Security Agency (SASSA.) Over 16 million South Africans receive social grants.
The Constitution states that South Africans have the right to Social Security. The introduction of the social grant system was brought about by the government in order to target categories of people who are vulnerable to poverty and in need of state support.
They are targeted ate people who are vulnerable to poverty and who are in need of state support. These grants are usually for older people, people with disabilities and children.
Types of grants include:
- Child Support Grant
- Older Person’s Grant
- Disability Grant
- Care Dependency Grant
- War Veteran’s Grant
- Foster Child Grant
When applying for cash grants for personal needs from SASSA you must declare all your income and assets.