Transitioning to a new budget following your divorce can be a real challenge, and the countdown is on! It’s quickly approaching that time of year where we live simultaneously in cheer and stress. What one big thing you can do to reduce that stress? Save money! Budgeting is essential all year, but it’s especially crucial during the holidays. Try these money-saving tips for surviving the holidays on a budget!
Related post: 5 Tips to Improve Your Post-Divorce Budget
None of us wants to be a Scrooge, but does everyone you know really need a holiday gift? Sit down and make a list of the people you plan to buy gifts for and the ones you can send a nice holiday card to. Now recheck the list. Is there anyone you remove without feeling like Jack Frost? Now go through your final list and assign a realistic...
When going through a divorce, you are going to experience a lot of changes and many of those will have a financial impact. You will need to set up a new budget for your future.
If you’re on your own for the first time in a long time, you may not have given thought to how much rent will be or how much it truly costs to pay for health insurance or auto insurance and home or renter’s insurance. Everyday items that you never paid attention to – that cup of coffee at the drive-thru or lunches out with co-workers can add up and lead to a cash shortfall.
You need to budget for financial success after your divorce. Being suddenly single is a shock to your emotional and physical self. If you take steps to regain control of certain aspects of your life – your budget, for example – the transition will be easier and you will feel more in control.
Divorce is expensive. I've heard that the national average is around $20,000-25,000. Transitioning from marriage to divorce is hard enough without the hefty price tag. However, if you look at search engine traffic, a lot more people are searching for how they can protect their money in a divorce rather than how they can save money on the divorce process itself.
Saving money on your divorce does help to protect your money in a divorce as long as you are still getting sound professional guidance. You don't want to cut corners that are actually going to cost a lot more in the long run.
This means putting your emotions aside and having good, honest communication. The more you can decide on together, the less you will have to pay professionals. If you are not getting along well when you speak to each other, you may have better luck over email or text. Just make sure you are keeping it positive. If...