6 Tips to start over financially after divorce

Tips to Start Over Financially After Divorce

Originally published September 26, 2019

Divorce is hard.

The despair, heartbreak, and loneliness are more than enough to keep our minds busy. We can easily fall into a hole and get behind if we don’t keep our wits about us. How do we, as women, accomplish this stability? How can we move on after such a difficult transition as divorce?

Fresh Start: Rebuilding Your Life After Divorce

Divorce is a life-altering event that often brings emotional turmoil and significant changes. Navigating the aftermath requires resilience, self-reflection, and a commitment to personal growth. While the journey may be challenging, it also presents an opportunity for a fresh start and a chance to redefine your life. Today, we’ll explore practical steps and mindset shifts to help you embark on a journey of renewal after divorce.

RELATED: What you need to know about a Payment Made after A Divorce

  1. Allow Yourself to Grieve: Before embarking on a new chapter, it’s crucial to acknowledge and process the emotions tied to your divorce. Give yourself the time and space to grieve the end of your marriage. Seek support from friends, family, or a therapist to help you navigate through the emotional challenges.
  2. Reflect on the Past: Take time to reflect on your marriage. Understand the dynamics, lessons learned, and identify areas for personal growth. This self-awareness is the foundation for making informed decisions and creating a more fulfilling future.
  3. Set Realistic Expectations: Acknowledge that the road to a fresh start is a gradual process. Setting realistic expectations for yourself allows room for growth without unnecessary pressure. Recognize that healing is not linear, and setbacks are a natural part of the journey.
  4. Focus on Self-Care: Prioritize self-care to nurture your physical, emotional, and mental well-being. Establish healthy routines, engage in activities you enjoy, and prioritize rest. Taking care of yourself is not only an essential aspect of recovery but also a foundation for building a more satisfying life.
  5. Reconnect with Your Identity: Rediscover who you are outside of the context of your marriage. Reconnect with your passions, hobbies, and interests that may have taken a backseat during your relationship. This process helps you rebuild a sense of self and fosters personal growth.
  6. Build a Support System: Surround yourself with a strong support network. Share your feelings with trusted friends or family members, or consider joining a support group. Connecting with others who have experienced divorce can provide valuable insights and a sense of community.
  7. Financial Planning: Assess your financial situation and create a realistic budget. Divorce often comes with financial adjustments, and understanding your financial standing is crucial for making informed decisions about your future. Consult with a financial advisor if needed.
  8. Legal Closure: Ensure that all legal aspects of the divorce are settled. This includes finalizing paperwork, dividing assets, and establishing custody arrangements if applicable. Legal closure provides a clear foundation for your new beginning.
  9. Reassess and Set Goals: Take the time to reassess your life goals and aspirations. What do you want to achieve in the next few years? Setting new, achievable goals provides direction and purpose, allowing you to move forward with intention.
  10. Cultivate a Positive Mindset: Embrace a positive mindset as you embark on your fresh start. Focus on gratitude, optimism, and the opportunities that lie ahead. Challenge negative thoughts and replace them with affirmations that reinforce your self-worth and resilience.
  11. Embrace Change: Change is an inherent part of rebuilding your life after divorce. Embrace it with an open mind, recognizing that new opportunities and experiences often arise from life’s transitions. Be adaptable and willing to explore different paths.
  12. Rebuild Trust in Yourself: The end of a marriage can shake your confidence and trust in your decision-making abilities. Take small steps to rebuild trust in yourself by making and honoring commitments. Celebrate your successes, no matter how small, as you progress.
  13. Forgive and Let Go: Forgiveness, both for yourself and your ex-spouse, is a crucial step toward healing. Holding onto resentment can hinder your personal growth. Letting go does not diminish the past but allows you to move forward unburdened.
  14. Explore New Relationships Cautiously: If you choose to explore new relationships, do so with caution and self-awareness. Take the time to understand your own needs and communicate openly with potential partners. Healthy relationships are built on a foundation of mutual respect and understanding.
  15. Professional Guidance: Consider seeking professional guidance from a therapist or counselor. A mental health professional can provide valuable insights, coping strategies, and emotional support tailored to your specific situation.

Rebuilding Your Life After Divorce

Rebuilding your life after divorce is a transformative journey that requires patience, self-compassion, and a proactive approach. By allowing yourself to grieve, reflecting on the past, and embracing change, you can lay the groundwork for a fresh start. Remember that the path to renewal is unique to each individual, and there is no one-size-fits-all solution. With a positive mindset, a supportive network, and a commitment to personal growth, you can emerge from the challenges of divorce stronger, wiser, and ready to embrace the possibilities of a new beginning.

Divorce as a Single Mom

As a single mom, navigating divorce in that case can be even more challenging, both emotionally and practically. Here are some tips to help you navigate this difficult time:


  1. Seek Emotional Support:
    • Reach out to friends, family, or a therapist for emotional support.
    • Join support groups for single parents to connect with others going through similar experiences.
  2. Take Care of Yourself:
    • Prioritize self-care, including adequate sleep, healthy nutrition, and regular exercise.
    • Consider activities that bring you joy and relaxation.
  3. Process Your Emotions:
    • Allow yourself to grieve the end of the relationship and process your emotions.
    • Journaling or talking to a therapist can help you explore and understand your feelings.
  4. Focus on the Future:
    • While it’s important to acknowledge your emotions, try to focus on building a positive future for yourself and your children.

Legally and Financially:

  1. Consult with an Attorney:
    • Seek legal advice early in the process to understand your rights and responsibilities.
    • Work with an attorney who specializes in family law.
  2. Financial Planning:
    • Assess your financial situation and create a budget.
    • Consider consulting a financial advisor to help you plan for the future.
  3. Child Custody and Support:
    • Establish a clear plan for child custody and visitation.
    • Ensure child support arrangements are legally documented and enforced.
  4. Document Everything:
    • Keep records of all communication with your ex-spouse.
    • Document financial transactions and important decisions related to your children.


  1. Communication:
    • Establish open and honest communication with your ex-spouse about co-parenting arrangements.
    • Use tools like email or co-parenting apps to communicate important information.
  2. Consistency and Routine:
    • Maintain consistent routines for your children to provide stability during the transition.
    • Collaborate with your ex-spouse on important decisions regarding your children’s upbringing.
  3. Put Children First:
    • Keep the best interests of your children in mind when making decisions.
    • Encourage a positive relationship between your children and their other parent.

Practical Considerations:

  1. Update Legal Documents:
    • Update your will, insurance policies, and other legal documents to reflect your new status.
    • Consider updating emergency contacts and beneficiary designations.
  2. Build a Support Network:
    • Create a support network of friends, family, and other single parents.
    • Don’t hesitate to ask for help when needed.
  3. Take One Step at a Time:
    • Divorce can be overwhelming. Take things one step at a time and don’t rush the process.

Every divorce is unique, and it’s essential to tailor these suggestions to your specific situation. Seek professional advice when needed, and don’t hesitate to ask for help from those around you.

Tips to Start Over Financially After Divorce

6 tips to start over financially after divorce

Financial Landscape After Divorce: A Comprehensive Guide to Rebuilding

Divorce is a challenging life transition that brings emotional and financial complexities. As you embark on this new chapter, it’s crucial to take proactive steps to regain control of your financial well-being. This comprehensive guide aims to provide valuable insights and practical financial tips to help you navigate the post-divorce landscape successfully.

RELATED: 4 Tips to Handle Divorce when you have Children

  1. Understanding Your Current Financial Situation

Before making any financial decisions, it’s essential to have a clear understanding of your current financial situation. Begin by taking stock of your assets, debts, and monthly income. Evaluate joint accounts, credit card balances, and outstanding loans. This introspection will serve as the foundation for creating a sound financial plan.

  1. Separating Finances: Credit Cards, Bank Accounts, and Loans

a. Credit Cards:

  • Close joint credit cards to prevent any future liabilities.
  • Transfer balances to individual accounts or negotiate a settlement to clear joint debts.
  • Monitor your credit report regularly to ensure accuracy.

b. Bank Accounts:

  • Open a new bank account in your name to manage personal finances independently.
  • Update direct deposits and automatic bill payments to reflect the changes.
  • Close joint accounts and consider removing your ex-spouse’s name from any remaining shared accounts.

c. Loans and Mortgage Payments:

  • Refinance or assume responsibility for existing loans in your name.
  • Negotiate with the mortgage lender to modify or transfer the mortgage if necessary.
  • Consider selling the house if it’s no longer financially viable.
  1. Protecting Your Credit Score

a. Check Your Credit Report:

  • Obtain a copy of your credit report and review it for inaccuracies.
  • Dispute any errors to maintain a healthy credit score.

b. Establishing Credit in Your Own Name:

  • Open new lines of credit to establish a credit history in your name.
  • Utilize credit responsibly to improve your credit score over time.
  1. Legal and Professional Guidance

a. Engage a Certified Divorce Financial Analyst:

  • Seek the expertise of a financial professional specializing in divorce.
  • Gain insights into the financial implications of divorce settlements.

b. Consult with a Family Law Attorney:

  • Obtain legal advice to navigate the divorce process and ensure your rights are protected.
  • Understand the tax implications of various financial decisions.

c. Qualified Domestic Relations Order (QDRO):

  • Work with legal professionals to create a QDRO for the division of retirement assets.
  • Ensure compliance with regulations governing retirement plans.
  1. Financial Planning for the Future

a. Set Financial Goals:

  • Define short-term and long-term financial goals.
  • Prioritize objectives such as building an emergency fund, saving for retirement, and investing.

b. Create a Budget:

  • Develop a realistic budget that aligns with your new lifestyle.
  • Categorize expenses into essential and discretionary, making informed decisions.

c. Build an Emergency Fund:

  • Establish an emergency fund to cover unexpected expenses.
  • Aim for three to six months’ worth of living expenses for financial security.
  1. Managing Retirement Accounts

a. Update Beneficiary Information:

  • Review and update the beneficiaries on retirement accounts and life insurance policies.
  • Ensure the designated beneficiaries align with your current wishes.

b. Maximize Retirement Savings:

  • Contribute to retirement accounts consistently, taking advantage of employer-sponsored plans.
  • Explore investment options that align with your risk tolerance and financial goals.

c. Consider Professional Guidance:

  • Consult a financial planner to optimize your retirement savings strategy.
  • Understand the implications of different investment accounts on your overall financial portfolio.
  1. Child Support and Spousal Support

a. Understand Child Support Payments:

  • Be aware of your rights and obligations regarding child support payments.
  • Communicate openly with your ex-spouse to ensure financial support for your children.

b. Spousal Support Considerations:

  • Negotiate spousal support terms during the divorce proceedings.
  • Consider the tax implications of spousal support and plan accordingly.
  1. Insurance and Health Coverage

a. Health Insurance:

  • Evaluate health insurance options post-divorce.
  • Explore individual health insurance plans or employer-sponsored coverage.

b. Life Insurance Policies:

  • Review and update life insurance policies to reflect your new circumstances.
  • Consider the role of life insurance in protecting your dependents.
  1. Single Income Strategies

a. Adjusting to Single Income:

  • Assess your monthly income and make necessary adjustments to your budget.
  • Explore opportunities to increase your earning potential through career development or additional sources of income.

b. Investing for Financial Independence:

  • Develop a strategic investment plan to build wealth over time.
  • Diversify your investment portfolio to manage risk effectively.
  1. Building a Support System

a. Join a Support Group:

  • Connect with others who have experienced divorce for emotional and practical support.
  • Share experiences and learn from the journeys of fellow divorcees.

b. Professional Help for Financial Recovery:

  • Consider engaging a financial advisor to guide you through the recovery process.
  • Leverage the expertise of professionals to make informed financial decisions.
  1. Navigating Legal Fees and Financial Arrangements

a. Budgeting for Legal Fees:

  • Develop a realistic budget for legal expenses during divorce proceedings.
  • Explore options for managing legal fees, such as payment plans or negotiation with your attorney.

b. Financial Arrangements in the Divorce Agreement:

  • Work with your attorney to ensure all financial aspects are clearly defined in the divorce agreement.
  • Seek clarity on responsibilities for joint debts and ongoing financial obligations.
  1. Financial Independence and New Beginnings

a. Celebrate Small Wins:

  • Acknowledge and celebrate financial achievements, no matter how small.
  • Cultivate a positive mindset for your financial journey ahead.

b. Reevaluate Financial Goals Periodically:

  • Regularly assess your financial goals and adjust them as needed.
  • Remain adaptable to life changes and evolving financial needs.

Embarking on a financial journey after divorce requires careful planning, resilience, and a commitment to rebuilding. By following these comprehensive tips and taking proactive steps, you can pave the way for a secure financial future. Remember, seeking professional advice, staying informed, and being patient with yourself are key components of achieving financial stability and independence as you embrace this new chapter in your life.

RELATED: What you need to know about Child Support in Canada

6 Tips to start over financially after divorce

How to do Self care when going through Divorce

I can’t stress this enough you guys. Going through a divorce can be an emotionally challenging and stressful experience. Taking care of yourself during this time is crucial for your well-being. Here are some self-care tips to consider:

  1. Acknowledge Your Feelings:
    • Allow yourself to feel a range of emotions, including sadness, anger, confusion, and grief. It’s okay to experience these feelings, and acknowledging them is an important step in the healing process.
  2. Seek Support:
    • Reach out to friends, family, or a therapist who can provide emotional support. Talking about your feelings can be therapeutic and help you process what you’re going through.
  3. Prioritize Physical Health:
    • Pay attention to your physical well-being. Eat nutritious meals, get regular exercise, and ensure you are getting enough sleep. Physical activity can also help reduce stress and boost your mood.
  4. Establish Boundaries:
    • Set clear boundaries with your ex-spouse to protect your emotional well-being. This might involve limiting communication or having a plan for how you will handle shared responsibilities.
  5. Create a Self-Care Routine:
    • Establish a daily or weekly self-care routine that includes activities you enjoy. This could be reading, taking a bath, practicing mindfulness, or engaging in a hobby. Consistency is key to developing a sense of stability.
  6. Focus on Self-Reflection:
    • Use this time for self-reflection and personal growth. Consider what you’ve learned from the relationship and how you can move forward in a positive way. Journaling can be a helpful tool for self-reflection.
  7. Legal and Financial Planning:
    • If applicable, make sure you are informed about the legal and financial aspects of the divorce. Consult with professionals such as lawyers and financial advisors to ensure you have a clear understanding of your rights and responsibilities.
  8. Take Breaks from Stressors:
    • Identify and take breaks from sources of stress. This might include temporarily stepping back from certain social activities, minimizing exposure to conflict, or taking a short break from work if possible.
  9. Practice Mindfulness and Relaxation Techniques:
    • Incorporate mindfulness meditation, deep breathing exercises, or other relaxation techniques into your daily routine. These practices can help reduce stress and promote a sense of calm.
  10. Set Realistic Expectations:
    • Understand that healing from a divorce is a process, and it takes time. Set realistic expectations for yourself and be patient. Celebrate small victories and progress along the way.

Self love techniques

Everyone’s journey through divorce is unique, and it’s important to find what works best for you. If you find it challenging to cope with the emotional impact of divorce, consider seeking professional help from a therapist or counselor.

Tips to Start Over Financially After Divorce

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