A stabilizing belt for use by a person in need of assisted mobility, the stabilizing belt comprising a pad, a belt to wrap around the pad and secure the pad to a wearer, and a pair of handles attached to the pad. The pad may be uniquely contoured to provide support and comfort for the wearer, either the caregiver or the person in need of assisted mobility. A strap may be provided for added security and comfort. The belt may further comprise handle supports for reinforcement, a cover for durability, and a pocket for versatility.