A divorce means adjusting to a single income, even if that income includes child support or spousal support.
One of the biggest mistakes some women make in divorce is keeping the house. But part of the reason they do that is they make the other big mistake: not thinking about their financial life after divorce.
Couples often struggle to determine if one spouse should keep the house, or whether they should sell it. “Should I get the house appraised?” is a frequent question in our monthly divorce workshops.
Despite any animosity that may be present between you and your ex, it is essential to determine who is financially responsible for various aspects of raising your children.
Asset division can spike the already-raised tensions of divorce, but with a patient mindset and the right planning, you can survive the process.
One of our divorce workshop attendees recently asked about alimony and other financial considerations when getting a divorce after retirement age. “He has more saved for retirement than I do,” she said. And that’s a typical concern at this stage.
Re-gaining financial independence during a divorce can be hard, but these four tips will help you maintain fiscal stability during your tough transition.
Divorce itself can be expensive, and then you’re left to live on one income. In some cases, one party must also pay child support to the other. It’s essential to manage your personal finances, so you are capable of taking care of yourself in the aftermath.
Sometimes it’s the “little” things that cause the most concern. After all, when you split households, who gets the dishes and other household items can be a big deal. What about the furniture you bought?
Women who elect to stay at home to raise children face unique challenges during divorce. But that’s not to say nonworking women face a hopeless situation.