Before her 14-year marriage ended last year Adina Jones had been a full-time caregiver for her three daughters. “I wanted to give them the best start I could,” Jones, 40, said of her career hiatus, which began in 2006. “I wanted to be there for them in all ways.” After divorce, she must rebuild her life and financial security.
New Way of Life After Divorce
Since Jones’ divorce she is now attempting to find financial footing as well as build her life as a single woman. Part of this is finding a job. Jones has her bachelor’s degree in communications from UC Santa Barbara experience as a substitute teacher, and has completed most of what is required to earn a full-time teaching credential and a master’s degree through course work at National University in Costa Mesa. “I’ve managed people,” Jones said. “I think I have a lot to give. But because my resume is what it is, it’s difficult.” Yet, she still has not been able to find a job that pays enough to cover her bills. “I’m making less than $10 an hour as a part-time barista for Starbucks,” Jones said. She gets about 20 hours of work a week, “and that’s just not going to cut it.”
A Mountain of Financial Debt
Jones has amassed a large amount of debt – roughly $95,000 in student loan debt and $6,000 in credit card bills, stemming primarily from the year she and her husband were separated prior to their October 2013 divorce.
Credit Ratings After Divorce
Stay-at-home spouses can be at a disadvantage compared with their paycheck-earning peers due to their credit ratings. During her marriage her ex-husband was the primary handler of the household finances and credit cards. Her credit scores now are around 620. Yet Jones said she’s ready for the challenges ahead. “It took a little over a year to get comfortable working again and finally get to the place where now I want more.”
For advice on divorce and all it’s aspects, you need the expert law firm of Korol and Velen, certified family law specialists. Schedule a consultation today.