If you’re stepping into life on your own after a divorce or breakup, I want you to know something: this is scary and overwhelming, but it's not impossible!
The good news? You don’t have to have it all figured out today. By taking small, intentional steps, you can build not just financial stability, but also confidence in yourself and the new life you’re creating.
Here are some ways to start preparing financially for your next chapter:
1. Know Your Numbers
When everything feels chaotic, clarity is calming. Sit down with a notebook, spreadsheet, or budgeting app and list your income, expenses, debts, and savings. It may feel really uncomfortable at first, but knowing exactly where you stand takes away some of the fear of the unknown.
2. Create a “Solo Budget”
Your financial picture has changed (or will be changing), so your budget should too. Build a budget based only on your income and responsibilities right now. Include the essentials (housing, groceries, childcare, transportation), but also give yourself space for fun money, like coffee or drinks with friends or an activity with your kids.
3. Build an Emergency Cushion
I know it’s hard to think about saving when everything already feels tight. But even small amounts can add up. Start with what you can—$25 here, $50 there. Over time, this becomes your safety net, giving you peace of mind for life's next curveball.
4. Rethink Housing Options
Thinking about changing where you are living can feel terrifying. Downsizing, getting a roommate, or relocating might not feel ideal, but it can give you some more leeway in your budget. Remember, it won't always be like this, and reframe it as a stepping stone toward stability and independence.
Have specific questions about real estate, or want to know about rental options during and after divorce? Danielle Waldera, our preferred realtor, can provide guidance (and calm!) if you've still got questions. Submit your questions here and connect with Danielle directly. We promise you'll be in good hands.
5. Reevaluate Subscriptions and Extras
This one is simple but mighty. Go through your bank statements and cancel anything you don’t use or truly need. Those small savings can give you a sense of control—and that sense of control matters just as much as the dollars.
6. Explore New Potential Streams of Income
I know your plate is already full, but if you can find creative ways to bring in extra income—selling items you don’t need, freelancing, or picking up a flexible side hustle—it can ease financial stress and help you reach your goals faster.
8. Lean on Community Resources
You don’t have to do this alone. Many communities offer free or low-cost financial counseling, workshops, or even online groups where people share tips and encouragement. Check your local library (libraries are always great sources for community events).
You can also look for secondhand items at yard sales, thrift stores, and on Facebook Marketplace. You'll be shocked to learn what people are already giving away.
9. Ask for Help
We know this might feel hard and scary, but you'd be amazed at all the ways people want to show up and support you. Share your intentions/story in a local Facebook group, and I guarantee there will be kind strangers who will love to step in to help in some capacity.
Need some extra help for the holidays? Check with local churches and community centers to see how to apply to be an adopted family. Organizations like Feeding America and Salvation Army are accepting applications for Thanksgiving meals and holiday gift assistance. Remember: there's no shame in needing help. 🧡
Move Forward With Confidence
This new season may feel heavy and scary, but it’s also full of possibility. Each small step you take toward financial independence is also a step toward rediscovering yourself.
Also, remember that this isn’t just about money, and is also about creating a foundation for a life that feels safe, secure, peaceful, and authentically yours. And you are absolutely capable of building it. We're rooting for you, friends! 💜