For a stay at home parent, the financial consequences of a divorce can be particularly difficult to handle. Besides the cost of the divorce proceedings, reacquiring steady income after a prolonged hiatus from the workplace can be challenging for anyone, with or without children. While some people may have a period of financial security provided by accumulated savings, those who became financially dependent on their spouse may need to take steps to guarantee their financial wellbeing.
Divorce affects a person's life in countless ways. While custody decisions and changing family lives may be addressed most commonly, another important issue requires attention. Divorce can significantly impact one's finances, in particular credit scores.