If you’ve experienced the death or disability of your spouse or divorce, you know it takes a toll on your emotions and your finances. In marriage, it’s common for one spouse to manage the couple’s finances. Sometimes, tasks are split with one spouse handling investing and long-term financial decisions, while the other takes care of […]
Category: Divorce
5 Financial Strategies to Help You Survive a Gray Divorce
According to several studies, currently, more than a third of all U.S. divorces are “gray divorces” – that is, involve couples who divorce after the age of 50. The financial impact of such divorces is significant, particularly for older women who can see their standard of living decline by 45% compared to 21% for men. […]
The Direct and Indirect Costs of Divorce
Pain, sadness, regret, disappointment…divorce can be emotionally fraught for families. In addition to the emotional cost, there can be a steep financial cost as well, some of which are immediate and others that can have long-term consequences. In the short term, many considerations have financial implications once a couple has reached the difficult decision to […]
Practical Advice if ‘Divorce Month’ is Overshadowing Your Valentine’s Day This Year
February is often seen as a month of romance, a time to be swept away by heart-shaped boxes of chocolate, intimate dinners, and the rush of butterflies that accompanies new love. Not many people appreciate the irony that Valentine’s Day follows on the heels of January, known as “Divorce Month” in legal circles. January typically […]
How to Co-Parent During a Pandemic
Co-parenting can be a challenge during normal times, but the recent Coronavirus pandemic has made it even tougher to navigate. Traveling back and forth between homes may have caused frustration related to school, work, or extra-curricular activity schedules during pre-pandemic times, but depending on each family’s unique situation, it may currently be a health risk. […]
Easy Ways to Save Money (on a Post Divorce Budget)
Saving money after divorce may sound like a daunting task. With two households to fund instead of one, and expenses being individual as opposed to shared, it can be challenging, but not impossible. Planning is key! Having a budget is essential for anyone hoping to save money. If you don’t know where your money is […]
