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How can a stay-at-home parent support themselves financially after divorce?

On Behalf of | Feb 2, 2021 | Family Law

If you don’t work now and have been a stay-at-home parent, the idea of getting a divorce may be scary to you. You may not know how you’ll support yourself or be able to build a life in a new home with your child.

The fortunate thing to remember is that a spouse who has relied on the other for financial support up until this point may be able to seek alimony. This kind of financial support is paid to help you maintain a lifestyle similar to the one that you enjoyed throughout your marriage.

Alimony isn’t always available early in your divorce negotiations; you may have to wait until the case is settled for it to begin. Until then, you need to find other methods to support yourself.

What can you do to help support yourself as you move on to life as a single parent?

There are two things you can do right now to help yourself after your divorce. The first is to start saving money in a separate account. It may also be a good idea to build up a solid credit line, so that you have some wiggle room once you’re living on your own.

The next thing you can do is to make sure you live within your means once you move out or your spouse moves out of the house. Find a low-rent apartment, stay with family or find other ways to minimize the financial burden until you’re able to settle your divorce.

Will you get alimony if you were a stay-at-home parent?

In many cases, those who were staying at home to take care of their children will be allotted at least some temporary alimony. Others, especially those who have been out of the workforce for many years, could be awarded permanent alimony.

How much you’re awarded will depend on your spouse’s earnings, your ability to earn and the budget that you are able to live comfortably on. The length of your marriage and other factors may also apply to your case, which is something you can talk about with your attorney before you start negotiating.