Quick Cash Ideas for Recently Divorced Stay at Home Moms

How to Survive the First Few Months on Your Own

AC contributor
You've reviewed the prenuptial agreement, opened a separate banking account, and secured a good job. Basically, you've done everything the financial experts told you to do as a stay at home mom facing a divorce. While those steps are great for ensuring future financial stability, the only problem is surviving until that "someday" comes. You may have your own bank account alright, but it's empty. You may have a new job, but getting to work with no gas money over the next few months could prove difficult. You may have a new home, but stocking it with food and other essentials after paying thousands in move-in fees and other moving costs is another story. To build your financial reservoir during this difficult time, consider the following quick cash ideas for recently divorced stay at home moms.

Quick Cash for Recently Divorced Moms Tip #1: Work from home on the weekends. Ok, so you're already working from nine to five on weekdays, but taking on a little extra work when you're off could dramatically boost your current financial situation. Shave off childcare costs by working from your home office (look online for writing and clerical work...it's everywhere). The pay you'll receive will help you get by between paychecks until you're more stable without having to invest more in travel costs between your home and the office.

Quick Cash for Recently Divorced Moms Tip #2: Have a donation yard sale. This is where most financial wizards would advise you to sell a few assets on eBay for instant cash. The trouble is, you may not have any assets worth much to anyone seeking quality goods on bargain websites. Instead, get together with friends and family and ask about their willingness to help you create an old fashioned yard sale where people will be more willing to make impulse purchases. Contribute a few of your own goods, but ask for donations of unwanted items from others to add to your own for greater profits. Most will be more than willing to give you the items they've been wishing to rid themselves of in order to benefit you during your temporary time of need.

Quick Cash for Recently Divorced Moms Tip #3: Refinance, refinance, refinance. Most stay at home mothers facing divorce fail to remember that anything financed in their name can be refinanced to allow for much lower monthly payments. It's not a great option for long term debt payoff, but it will do a great deal to offer immediate relief. From cars to homes to jewelry to your kid's braces, you can refinance just about anything. Every dollar counts, so see what you can do to open up the cash flow in your home. Be sure to refinance loans that will not demand a penalty fee should you begin paying them off more quickly down the road.

Quick Cash for Recently Divorced Moms Tip #4: Hit the consignment store with your kids' old clothing. Normally you'd be advised to take your own clothing to a consignment store. Whoever came up with this advice didn't take into consideration that most recently divorced mothers have spent every dime on their children's clothing and haven't added to their own wardrobes in quite some time. In other words, what you have, you have to wear, and probably for many more months. However, kids' closets are usually overflowing with unused and outgrown clothing. Instead of handing them down to younger cousins and other family members, take them to a children's consignment clothing store for an instant paycheck. Do be sure to take in only a few pieces at a time to get the best deal. Some consignment stores pay less for bulk deliveries.

Quick Cash for Recently Divorced Moms Tip #5: Deflect expensive child care costs with in-home "interns." Have a community college nearby? Early childhood education majors are always looking for work experience. While you'll still have to pay them something for their time, the costs won't even compare to expensive daycare facilities while you can still rest assured that the person taking care of your children is passionate about excellent childcare. Post a flyer at your local college's job board sites, and within a week you should be able to cancel those outrageous daycare fees. This step can be temporary until you are back on your feet again, and the extra cash in your pocket will have you more stable in no time.

The aforementioned tips for quick cash building are traditional options tailored to suit the former stay at home mom directly. Follow them closely, and hold on tight. Within a few short months, you'll have enough cash saved up from your temporary saving measures to begin a new life with a well stocked home.

Published by AC contributor

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1 Comments

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  • J. E. Davidson10/30/2008

    These are great money-making tips that anybody could benefit from!

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