When a divorce is impending, it is easy to get caught up with the emotional aspect of the case. However, while emotional wounds may heal, the devastating financial effects of a divorce can live on for years to come. During this time, it is critical to make important decisions and pivotal moves when it comes to finances.
One way to provide clarity during a time when your judgment may be cloudy is to write things down. Write a realistic post-divorce budget that takes into consideration new expenses, different incomes and different goals than you had before. Write down the goals that you have for your finances after divorce. This process helps provide clarity when you need it most. When listing goals, be realistic but also be honest with yourself. Think about what you really want and if it is possible to get it out of divorce. Once you are informed about your own motivations, you can take steps to accomplish these goals.
Another important consideration during the divorce process is your cash flow. Carefully examine how your income is currently being used and assess ways to improve these functions when you will not be able to depend on a second income or person to help take care of things that may now need to be hired out. When these things are factored in, you can then tackle the idea of the type of lifestyle that you want post-divorce and how much you can save to make it a reality.
$25,000 for school to table, but WE NEED YOUR HELP!
Jump Street has been selected as one of 200 finalists in the State Farm Neighborhood Assist® program! We are now eligible for $25,000, but WE NEED YOUR HELP!
We need votes! Our submission, along with the other finalists, are live at www.neighborhoodassist.com and anyone with a valid email address can logon and vote for our cause. Voting opens today and goes through November 4. Each person can vote 10 times per day.
It would be great if you could take a couple of minutes each day, for the next 10 days, to cast 10 votes each day.
Cast your vote here: http://www.neighborhoodassist.com/entry/1984138