How to Start Over After Divorce with No Money

Understanding your financial situation after a divorce is essential for rebuilding your life. This may be one of the hardest things you ever go through, but because of that, it may end up being one of the most rewarding. By starting completely over, you have a chance to decide what you want your life to look like and start working towards that vision.

Our team can help you throughout the divorce process, fighting for the assets you are entitled to. Call Olmstead & Olmstead at 703-361-1555 to set up a time to talk now.

Creating a Budget for a New Start

Creating a budget is a vital step in starting over. Begin by listing your monthly expenses, focusing on essentials like housing, food, transportation, and healthcare. After covering these basics, look for areas where you can reduce spending.

For example, cooking meals at home instead of dining out can save a lot of money. You can also cancel subscriptions you don’t use or buy generic brands instead of name brands. These small changes can add up to significant savings over time.

If you have debts, include them in your budget and make a plan to pay them off gradually. Consider reaching out to creditors to see if you can negotiate lower payments or interest rates.

It’s also helpful to track your spending to see where your money goes each month. There are many free budgeting apps and tools available that can make this easier.

Finding Employment or Increasing Income

Finding a job or boosting your income is essential for starting over. Begin by identifying your skills and looking for job openings that match your experience. If you already have a job, consider asking for a raise or exploring opportunities for a promotion.

You might also think about adding a side hustle or part-time job to increase your income. Freelance work, online gigs, and local part-time jobs can provide some extra money. Websites can help you make the most of your time at home, while apps like Instacart and DoorDash can help you make money locally.

Another option is to enhance your skills through online courses or certifications. Many websites offer free or affordable courses in various fields, which can make you more marketable to employers. Check out your local library, as many have subscriptions to job certification sites that can help you make yourself more marketable.

Networking is also key. Reach out to friends, family, and former colleagues to see if they know of any job openings. Join professional groups on social media platforms like LinkedIn to expand your network and discover new opportunities.

Remember, finding the right job or side hustle may take time, so be patient and persistent. Keep refining your resume and sharpening your interview skills to improve your chances of success.

Emotional Support and Self-Care

Dealing with the emotional side of a divorce can be tough. It’s essential to reach out for support from friends, family, or even support groups. These people can offer a listening ear and help you feel less alone. You might also consider speaking with a therapist, who can provide professional guidance and coping strategies.

Taking care of your mental health is just as important as handling your finances. Try to find activities that bring you peace and joy. Exercise, whether it’s a walk in the park or a yoga class, can help reduce stress. Meditation and mindfulness practices can also be beneficial for calming your mind.

Hobbies and creative outlets can provide a positive distraction and a sense of accomplishment. Whether it’s painting, reading, gardening, or playing an instrument, engaging in activities you love can boost your mood and help you feel more grounded.

This may seem counterproductive, especially if you’re currently hyper-focused on making more money. However, by taking care of yourself, you can give yourself the mental strength and concentration you need to improve your finances.

Let’s Talk—Call Olmstead & Olmstead Today

As you navigate your divorce, make sure you have the legal support and guidance you need. Set up a consultation with Olmstead & Olmstead to figure out your next steps. Just call us at 703-361-1555 or fill out our easy online contact form to have an attorney reach out to you.