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Recommendations for using your maintenance payments wisely

Florida's spousal maintenance laws may benefit you as you go through the divorce. After all, you took care of the house and the kids, and supported your husband to make it easier for him to pursue and advance his career. Laws change, though, and according to the Orlando Sentinel, legislators are again attempting to pass a bill that could affect your alimony.

With the future uncertain, it may not be the best idea to rely too heavily on your ex for support. While the payments are coming, you may want to prepare yourself for the day they may stop. Spending the money wisely may set you up to take care of yourself so that you can be ready for any changes.

Pay off debts

The liabilities you and your spouse divide in the divorce settlement may create some hardship for you if you do not have an adequate income. Living frugally to take care of these debts now could make it much easier to support yourself once you have a job.

Get an education

Even if you earned your degree and spent some years out in the workforce before you decided to stay at home, things change rapidly, and your skills may need some updating. Using your alimony to take classes could restore the earning power you used to have, or get you onto the right track for the career you want.

Secure a place to live

Whether you keep the house or look for a home that is within your budget, mortgage payments or rent can take a substantial chunk out of your monthly income. While you are getting back on your feet, using your spousal maintenance payments for housing could help you feel less vulnerable.

Changes in the law and modifications in support may create a hardship for you if you do not prepare. An attorney may be able to help you secure the compensation you deserve and make the choices that get you ready for the future.

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