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3 Steps To Reduce Financial Worry In Divorce

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Divorce and money always seem to be intertwined and certainly not in a good way.  Kind of like the chicken and the egg.  Did money problems cause the divorce or did the divorce cause money problems?  Usually, the answer to both questions is YES!
For many people, marriage involves financial stress…and lots of it.  Money always seems to be tight for one reason or another.  Perhaps one person is a spender and the other a saver.  Or perhaps financial secrets were being kept.  Or, maybe, as the couple grew older, their financial values shifted away from one another.  No matter what occurs, there may be some financial disconnect between the couple that is unresolved and ultimately, among other factors, led to the separation.

But then, as a couple  separates, they may start to wonder “If we couldn’t afford to comfortably live together in one household, how will we now support two separate homes?  Where will each of us live?  Will we need to get better paying jobs?  How do we do that?  What about the kids and their expenses?  What about retirement?”

  1. Face The Fear

No matter if financial woe caused the divorce or the divorce is causing monetary strife, or both, it is important to move beyond the fear that exists within.  Fear often causes inaction.  We may be frightened  of making the wrong financial decision.  We may be so frightened that we do nothing.  Which leaves us right where we are and stuck. There may be no improvement in the situation or ourselves.

  1. Identify Your Goal

We need to ask,  what it is that we hope for, say, in the next five or ten years?  But, we can’t just say that we see ourselves living in the nice beach house and leave it at that.   Instead, we need to say, “I see myself living in the nice beach house.  This is how I will afford it.”  Perhaps you will afford it by getting a better paying job.  Or, maybe you will turn your cooking passion into a business.  Or, maybe you will go back to school and start a new career.  But, whatever it is, you need to set a goal and then create your action plan.

  1. Create Your Action Plan to Achieve Your Goal

Include as many details in your plan as possible.  Let it be a roadmap so that you have clear direction as to how to minimize this time of financial worry.  It is easier said than done, but it is essential!  We are all guilty of having fear.  However, if we are strong enough and courageous enough to face divorce, then we are strong enough and courageous enough to plan for our future and ensure that we do our best to be able to live happily ever after.
The process of separation and divorce, while very distressing may be simultaneously a wonderful opportunity for growth, and new possibilities that didn’t exist previously.  The key is to plan and then take the action steps created which are necessary to move forward. You will be glad you did!

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