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Cathy Meyer

Transitioning From Stay-at-Home Mom to Working, Single Mom

By August 6, 2010

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Did you marry young, have children right away and become a stay at home mom? Did you spend the majority of your married life helping your husband build his career? Are you now divorced and wondering how you are going to survive financially?

According to the U.S. Census Bureau, the average woman's family income drops by 37% after divorce. In other words women suffer more financially than men do from divorce. If you are a woman thinking about divorce I suggest you do some serious financial planning before filing.

If you are a woman already divorced, I have some suggestions that will hopefully help you survive the loss of income and get your finances in order.

You Can't Live On Child Support And Alimony:

Don't think of child support or alimony as income. Child support is temporary and, in most cases so is alimony. You have to set yourself up NOW so that you will be able to survive financially once those temporary support checks stop coming in. You have to make an investment in yourself that is going to give you a return down the road.

I've experienced first hand what it is like to go from not worrying financially to counting every penny I had. I know what it is like to be left with no marketable skills, children to raise, food to buy and a mortgage to pay. It isn't easy transitioning from housewife and mother to single working mother but it is...post continued

August 11, 2010 at 11:30 pm
(1) Aj Carlile says:

Great post I must say.
I do agree that its women who are likely to suffer financially when divorce happens. I guess this article will open the eyes of women to have a career of their own. Its something that no one can take from you if the worst things happen in married life.
But like you said if you’re already divorced, it is never too late to make a move , if thereís a will thereís a way. If you have children you can opt to work from home – I know many who do that. I do and its working great with me so it can also work better others. Staying at home isnít that bad when you’re resourceful.
Stay at home moms can easily become bored with the routine of looking after children and often long for adult conversation. This is where social media sites can help – on sites like Squidoo, for example, you can create new friendships and also earn money online.
Anything is possible when you just put your heart to it and be open minded.

August 18, 2010 at 6:03 pm
(2) Julie says:

My mother and her best friend got divorced within a year of each other from husbands with nearly identical careers, having affairs with women with nearly identical dye jobs. Both were stay at home moms and both got child support and alimony. I remember overhearing them talk about how my mother really “stuck it to my dad”. I assumed it was a lot of money. When my dad passed away I got all of his papers and it might have been a lot then, but it’s not much money now.

My mother took starting her career seriously and her friend took the “why work” path. My mother’s career blossomed while her friend eventually got bored and started down the path of doing “something fun” since she didn’t need the money. She took her ex to court for more alimony every time he got promoted. Fast forward and my mother retired with her own pension, and is enjoying her life of leisure. Her friend on the other hand just moved in with her daughter. Her “fun” career never put a nickel into a retirement plan and her ex-retired drastically reducing his income and ending her alimony.

August 18, 2010 at 6:08 pm
(3) Julie says:

The other thing to say is get a job with insurance! It’s tempting to work at home, but not if you go without coverage. My mother’s friend’s fun job was self employed with no insurance. She had some health problems that wiped her savings out. Money that she thought she’d retire on.

August 23, 2010 at 2:32 pm
(4) Freda says:

Thanks for the suggestion to get my real estate license. If by “good money” you mean hundreds of dollars a month, than real estate sales in 2010 does indeed pay good money…

Was this article written in 2004?

May 4, 2013 at 6:01 pm
(5) Internet Money Path Work for yourself! says:

This article is actually a pleasant one it
helps new web people, who are wishing in favor
of blogging.

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