For many mums, stepping into a new phase of life after a divorce means rethinking finances. If you’ve felt weighed down by stress or uncertainty around money, you’re not alone. Gaining financial independence, though, is not just about crunching numbers or creating a budget – it’s about developing a mindset of empowerment. With the right approach, you can turn money into a source of strength and confidence, supporting you and your family in more ways than you might think.
Why Money Mindset Matters
Your mindset influences how you view money, how you make financial decisions, and how you approach challenges. If money has been a source of anxiety, it’s normal for certain beliefs or fears to arise. Shifting those to an empowered perspective allows you to look at financial decisions through a new lens, seeing the possibilities rather than the limitations. This doesn’t happen overnight, but cultivating this mindset is a vital step toward resilience.
1. Identify Limiting Beliefs and Replace Them
Many limiting beliefs around money come from experiences and family attitudes we’ve absorbed over the years. Common beliefs like “I’m not good with money,” “I don’t deserve financial stability,” or “Money causes problems” can keep you feeling stuck. Try challenging these beliefs by writing them down and reframing them. For example:
- Replace “I’m not good with money” with “I am capable of learning and growing financially.”
- Swap “I don’t deserve financial stability” with “I deserve peace of mind and prosperity.”
- Change “Money causes problems” to “Money is a tool that can create solutions.”
Shifting these beliefs takes practice, but over time, they can empower you to view money as something within your control rather than as a source of stress.
2. Set Clear Financial Goals to Give Your Money Purpose
Having clear goals helps you stay focused and proactive. Think about what financial independence means to you. Maybe it’s building a savings cushion, becoming debt-free, or creating an investment portfolio for future stability. Write down specific goals, like:
- Immediate Goals: Save a small emergency fund, review your monthly expenses, or set up automated bill payments.
- Medium-Term Goals: Pay off credit card debt, save for a family vacation, or build up a six-month savings buffer.
- Long-Term Goals: Plan for retirement, start investing, or save for your child’s education.
Defining these steps not only gives you clarity but also boosts your confidence and sense of accomplishment as you hit each milestone.
3. Empower Yourself Through Education
One of the best ways to combat financial anxiety is by learning. A little knowledge goes a long way in making money decisions feel manageable. Books, podcasts, or online courses about personal finance can be great resources. Learning about budgeting, debt management, or investment basics can help you feel more confident and equipped to make informed choices.
Explore resources designed for financial independence after divorce, or find communities of other single mums or women who share your goals and challenges. Connecting with others can turn what might feel like a solitary journey into one of shared resilience and motivation.
4. Practice Positive Money Habits Daily
Creating small, empowering habits around money helps you develop consistency and avoid overwhelm. Here are a few to get started:
- Review Spending Weekly: Set aside a few minutes each week to look over your spending. This isn’t about restricting yourself; it’s about understanding where your money is going.
- Celebrate Small Wins: Each time you achieve a financial goal, celebrate it! Treat yourself in a small way, or acknowledge your progress to reinforce positive behavior.
- Automate Savings: Even if it’s just a small amount each month, automated savings help build your financial foundation steadily and effortlessly.
These steps help shift the focus from scarcity to security, training your mind to see how even small efforts contribute to big results.
5. Embrace Financial Independence as Part of Your Resilience
Financial independence is about far more than the bottom line – it’s about resilience, self-reliance, and the freedom to make choices that align with your values. When you’re financially empowered, you’re better able to advocate for yourself and set boundaries, both in co-parenting and in life.
Reflect on how far you’ve come, from dealing with challenging emotions to taking steps toward a new future. Embracing this mindset of empowerment means you’re treating money as a resource to create security and peace of mind for yourself and your children. Instead of looking at it as an obstacle, you’re now seeing it as a pathway to the life you want to build.
Moving Forward with Empowerment
Rebuilding after a separation isn’t just about healing emotionally – it’s about fostering independence in all areas of your life, and financial independence is foundational. Adopting a positive, empowered money mindset will help you create stability, peace, and even a sense of purpose as you move forward. You’re taking charge, creating a legacy of resilience, and proving to yourself that you are capable of handling whatever comes next.
P.S. DID YOU KNOW?
Thrive Tribe – the global membership experience for single mothers – will be opening again very soon! Join the waitlist here.
PLUS You can book one-on-one coaching with Julia Hasche from wherever you are in the world!
- Do you need clarity on whether you should leave your partner or not?
- Have you just parted ways with your partner, and feeling lost?
- Have you been single for a little while now and need assistance with getting your life back on track and feeling empowered?
Click HERE to read about coaching and to hear from some others who have gone through coaching programs with Julia, and book in here for your 30-minute complimentary Clarity Call.
The purpose of the Clarity Call is:
- For me to get to know you and understand an overview of your current situation and where you are at.
- For us to establish what you need assistance with to move forward.
- To see if we are both comfortable working together.
Know someone who needs to read this? Share it with them via the links below.