How to Save Extra Money After a Divorce

Divorce is an unstable time for anyone involved. The financial toll alone is tough enough — a lot of people feel the weight of making ends meet month after month during/after a divorce. But there are some ways to make the process easier! Here are some tips on how to save extra money after a divorce.

Declutter & Downsize

Downsizing isn’t a bad idea right after a divorce. Instead of trying to maintain the same lifestyle, consider what changes you can make to reduce your expenses, and how you can supplement your current income.

The first step in making some extra money quickly is to sell off what you don’t need. Whether that be electronics, furniture, or more. Consider sites like:

• Let Go
• Craiglist
• eBay

Getting rid of your old items can be a rewarding experience. It’s a great way to help turn over a new leaf! Decluttering can be such a stress reliever. Throwing away, selling or donating of all your old and unwanted items to charity can help you move on with your life! (By the way, if you’re interested in the concept of decluttering your life, we recommend checking out the following book by Marie Kondo: The Life-Changing Magic of Tidying Up.)

Sell Your Engagement or Wedding Ring

Speaking of moving on with your life, let’s talk wedding rings. Many women contemplate what to do with the ring after divorce—should you keep it? Should you sell it? Should you toss it out of a moving car?

Well, whatever you decide to do, it’s up to you. But selling your ring could help ease your financial burden. You could get thousands of dollars! And, why hang onto a reminder of something that used to be?

If you’re interested in selling your engagement ring, wedding ring or jewelry set, we can evaluate your items for free and provide the best industry offer. You’ll walk away with more cash in your pocket within just a few business days!

Side Jobs

If you can factor a side job into your present schedule, consider grinding through some extra hours. It may be worth it at the end of the month when it comes time to pay the bills.

Here are some ideas:

• Nanny/babysitting: Taking care of your own children already? Why not help a friend or neighbor take care of theirs, too? See if you have the opportunity to care for the kids of someone you know. If not, try Care.com to see if you can match up with a family in your area.
• Petsitting: Tons of people post part-time jobs (with flexible hours) caring for pets. If you’re a pet person, this may be perfect for you! Care.com or Rover.com are good places to search for these side jobs.
• Lyft/Uber: A great option for weekends, or while the kids are in school.
• Find a job for your skill set:
  • Are you creative? Consider a future on Etsy.com.
  • Freelance on Fivver.
  • Search for opportunities on HireMyMom.com.

Final Tips

When it comes to dealing with your divorce, just know that you’re not alone. If you’d like some more tools to help get you through your divorce, here’s what recommend:

• Wealthy Single Mommy
• WeVorce

Good luck! 😊