What to do When You Need Extra Income

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If you are contemplating, going through, or already divorced, you may find yourself needing extra income to make ends meet.  There are a couple of links to budget worksheets on my website divorcecoachforyou.com on the resources page.  Please make good use of them.  I have always been a planner.  I have been accused of over-analyzing a situation.  I always believed it was better to be over-prepared than underprepared.  I am a serial planner.  I try to plan for every possible scenario.  Sometimes you just have to trust the man above.  He will make a way out of no way.  So, say a prayer every day.  If you are planning a divorce, can you make it on your current salary?  This may depend on if you plan to stay in the marital home or move into an apartment or other less expensive accommodations.  Are you currently working or are you a stay-at-home wife?  Are you working full time or part-time?  All these things come into play as you develop your budget.  As soon as you know you want a divorce, talk to a lawyer.  Never assume anything.  Talking to a lawyer can assist you in creating a more realistic budget.  He or she can give you an estimate of what you can expect to get or give during the divorce settlement. Most fifty-something and older women earn less than their counterparts, so the need to earn additional income will probably be a reality.  You can update your budget as needed as you find out more information.  

You may find that you need to set a goal to earn an additional $10,000.  Now you have to formulate a plan on how to go about earning the extra money.  What can you do? Will you be getting any type of support from your ex or soon to be ex?  If so, how much?  For the fifty and older women, it is probably safer to seek work-at-home or remote part-time jobs during the pandemic.  Some suggestions for remote work include customer service, virtual assistant, virtual bookkeeper or accountant, or a job in sales.  There are many more options.  You may want to start a side business.  Wahve specializes in working with pre-retirees.  Robert Half is one staffing company to consider.  Maybe you have years of experience in a particular area and would like to use this experience to become a consultant.  If you have a flair for writing, consider becoming a freelance writer.  Check out ProBlogger.com, nDash.com/for-writers, or scripted.com.  Remote.com is a good website for finding part-time remote jobs.  Joinrise.co is specifically for women.  They offer remote or flexible opportunities.  There are many other opportunities available for remote or flexible work.  It may take a little time to do the research, but it will be worth it in the long run.  You may find that you need to brush up on your technology skills.  YouTube is a good source for doing this.  There is a how-to video for almost anything you can think of.  Most colleges and universities have a continuing education department that offers professional online courses on various computer and business topics at reasonable prices.  So, what are you waiting for, just jump in and get started on your road to success!

By Emmerstine Mackie

Divorce Coach