There are many different changes that can occur in a woman's life after a divorce. One is a significant change in financial situation.
The time following a divorce can sometimes be a financially difficult one for a woman. This can particularly be the case for women who were stay-at-home moms during the course of their marriage. Here are some examples of things that can pose financial challenges for women following a divorce:
- Problems finding a job: Women who were stay-at-home moms while married may have difficulties finding a job following a divorce. Sometimes, they have to settle for rather low-paying jobs while they try to increase their overall job qualifications through things like going back to school.
- Not having much time available to work: Things like taking courses to improve one's job qualifications and caring for the kids can leave a divorced woman with not a lot of time to work, which can have significant income implications.
- Education costs: A woman could end up taking on quite a bit of student debt following a divorce in efforts to get the education needed to get a better job.
- Child care costs.