Once a divorce has been finalized, a new life will begin for spouses, their
children, and many family members. Some may find relief once their divorce
is through. Others may be faced with numerous concerns and worries, some
of which they had never had to endure before, especially for stay-at-home
mothers. Divorce can be not only an emotional strain but financial as
well, as they look for ways to support themselves and their children in
Here are some pieces of advice from CokerLegal:
Create and Stick to a Budget
Familiarize yourself with all of the financial resources and support systems
around you. How much income are you currently bringing in? How much does
it cost to support yourself and your children?
Consider the following:
- Bank accounts
- Your income vs. expenses
- Your assets vs. debts
- Tax information
- Titles and registrations
By creating a budget that can satisfy your and your children’s basic
needs, you have a more thorough understanding of what type of financial
support you will require. This is useful in settling terms such as child
support, spousal support, and other financial settlement agreements.
Finding Employment After Divorce
Being a stay-at-home parent can be a full-time job. After spending a few
years caring for your children, however, you may be thinking about embarking
on a job search or resuming a career, especially if your financial circumstances
are changing due to a divorce.
These are some of the ways you can prepare yourself for the search:
- Take training courses or return to school
- Add newly gained skills or build up your existing skillset
- Update and revamp your resume
- Try work-at-home opportunities
- Start making connections that may help you re-enter the workforce
In the meantime, while you are on the job hunt, think about how you will
live once the divorce is finalized. For example, do you have savings or
assets that can last at least six months? The change to living as a single
wage earner is dramatic, and planning ahead can provide a cushion for
any bumps in the road along the way, especially since finding a job right
away can be somewhat difficult.
Compassionate & Caring Legal Support
At CokerLegal, our Denton and Collin County divorce lawyers are compassionate
towards our clients’ cases. We know that divorce can be stressful,
and many attorneys do not focus on their clients once the process is completed.
You need a legal team who cares about your well-being every step of the
way—and we can provide that for you.
You can schedule a case consultation with our divorce attorneys by filling
out our online case evaluation form or giving us a call.