21 January 2014 0 Comments

Supporting Myself after Divorce

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Getting married at a young age seemed to be a great idea as it was happening. Having children right away made you very happy. Let’s face it, you’ve been a stay-at-home mom most of your life.

Now, your husband decides he wants a divorce and you’re wondering how you are going to survive financially. The relationship you entered into with so much hope and love is officially dissolved.

Divorce is different for each couple. Maybe you’ve been married for years and years; maybe just a short time. Maybe you have children, maybe you don’t. Maybe the divorce was your idea or perhaps it was your husband’s idea. And, maybe you’re relieved it will finally be over, or maybe your heart has been broken.

Divorce is a major life change; suddenly being on your own to deal with issues such as money, children, finances, and downsizing the family home can seem overwhelming.

Regardless of what your story is, the question now is, “Where do you go from here?” What is your new life going to be like? How will you survive?

According to the U. S. Census Bureau, the average woman’s family income drops by about 37 percent after divorce – causing most women to suffer more than men do from divorce.

If this sounds like you, think about:

  • Child support and spousal support is not enough to live on. Both are temporary in most cases. You must come up with a plan in order to survive financially once those checks stop coming in, such as returning to school, the work force or learning a new trade.
  • Go to places where financially secure women are found. Perhaps one can teach you how to become financially secure and independent, how to save money and plan for the future.

Before you can do anything, you must determine ways to cut expenses until you are on your feet again. Once that happens, build an emergency reserve of cash by setting money aside every month. If you keep your head on straight, there will be a day when you can sit back and enjoy the freedom that comes from knowing you, too, are financially self-sufficient.

When changes or new circumstances arise, contact the family law offices of Holstrom, Sissung, Marks & Anderson. Our legal team will be here to assist you in planning the best strategy for your case. Devising the right plan is critical to ensure that you get what you desire out of this process.

Call us at one of our conveniently located offices in San Bernardino, Riverside or Orange Counties. Visit us online for more information on our firm and see if we are the right firm for you.

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