5 Financial Tips for a Smooth(er) Divorce
Divorce is stressful for numerous reasons, but one of the most palpable pain points has to do with finances. Whether you’re currently going through a divorce or have just completed the process, it’s imperative that you give your finances some careful attention.
When you marry someone, your lives naturally become intertwined – relationally, mentally, emotionally, sexually, and financially. And while it can take months or years to unravel each of these tangles and move on, the financial ramifications can last for decades. If you aren’t careful and fail to make smart, calculated decisions, you could end up setting yourself back.
In this article, Jennifer Gretson offers 5 practical tips:
Pursue Divorce Mediation
Create a Post-Divorce Budget
Close Joint Accounts
Update Beneficiaries on Accounts
Closely Monitor Your Credit Report