How to Start Over After Divorce with No Money

How to Start Over After Divorce with No Money

Divorce doesn’t happen overnight. This is a long and tedious process that often lasts for years. Before anything else, you need to accept that your relationship failed and with it comes an impending financial separation as well.

When couples split assets after a divorce, financial hurdles often arise. Dividing the family’s wealth to ensure that the kids will be comfortable enough often means that both parents need to tighten their belts.

It is not easy to be in this kind of situation that can lead to worries and anxieties. This stage of starting over can change your life for the worse. You have to keep in mind that this new frugal stage can be as temporary or permanent as you allow it to be. However, there are still many things that you can do to address your current financial situation.

Here are a few helpful tips on how to start over after divorce with no money:

Come Up with an Action Plan

An action plan is important for someone getting ready for divorce. This is to ensure that you don’t make mistakes that may leave you homeless and penniless. A good action plan will help you prepare for anything that might happen next.

Your action plan should include the things you need to start over after your divorce and how you can get them. You also need to consider where you will stay, how you will support yourself, and the steps you need to take to bounce back to your feet. You must take baby steps and be wise as you do so.

Be Honest

If there is a significant slump in your financial situation after your divorce, it is normal to feel embarrassed or ashamed. Some people might have strong feelings about it to the point that they still continue with their lavish expenses.

Hiding your financial issues this way might only cause more distress. Your family and close friends will understand your new situation and support you if you will be honest with them. Tell them that you cannot join them for a night out or you have to skip this year’s holiday because you are still on the process of rebuilding your finances following your divorce. You don’t have to be ashamed of your situation. Be honest and cut back on your expenses so you can strengthen your finances all over again.

Decide Whether to Buy or Rent

The property where you will live is among your highest expenses. Consider what will work best for your finances. Buying might seem more economical but if you are unsure where you really want to live, it might be costly to sell and move soon.

Renting might be a good option while saving up for a decent deposit for buying a new property and you might also be quailed for rent assistance from the government.


A lot of people choose to buy for their kids to feel more settled in a house of their own. However, you have to ensure that you are in good position for making repayments with enough money left for general living expenses and bills.

Save as Much as You Can and If You Can

It is never good to have no money at all after divorce even if you have a rich ex spouse. Don’t forget that your spouse won’t pay for a lawyer and will likely not support you during and after the separation so you cannot just rely on this source of income.

There are spouses that might be entitled to alimony or spousal support. However, you might need to wait a long time before you actually get your hands on it. Also, based on the divorce’s circumstances and how long you were together, it might leave you dry and high. This means that you cannot count on anyone for money.

What you can do is to try saving as much money you can and if you can then set it aside to pay for a good lawyer that can help you get a fair deal. You can also use it for down payment on a new apartment. Any amount you save can be used for supporting yourself after your divorce and you are starting anew with very little money. You can also try selling off your unwanted items and save the money you earn for later use.

Move in with Your Family in the Meantime

It can be very nightmarish to start over after divorce with no money. You practically don’t have anything. You won’t be able to get your own apartment and you might need to temporarily consider moving in back with your parents or family members. You might not like this idea that much but whether you like it or not, it is sometimes necessary.

What will you do if you went through a messy divorce and walked away with just your clothes? You have very few options available if you don’t have a job, you have no money to pay for an apartment, and you are entitled to very little government assistance.

Don’t worry because this is just a temporary move that will help you take a step forward. If they can help you out, you will soon be able to save enough money for starting over again.

Stay Away from Financial Risks

If you have been used to some luxuries and you are having a difficult time with basic cash flow after your divorce, it can be very tempting to look for a quick fix. Day trading, starting a business, or gambling are just some of the appealing prospects that you might want to try. Most of the time, these methods might go wrong and they work only for those with enough spare money.

When an investment opportunity is too good to be true, it probably is. Always do your homework and seek the guidance and expertise of a professional. Avoid acting too rashly just because you are desperate.

Starting over after a divorce with no money might be difficult but with a little help, you can get by and bounce back on your feet in no time.