5 steps you can take to ease your financial transition from divorce

Just because your marriage went down the drain, doesn’t mean your money has to follow.

Don't let breakup of you marriage let your money go down the drainThe emotional burden of a divorce can be overwhelming. Now add to that the financial adjustments you have to go through and it becomes frightening. But don’t fret, there are certain steps you can take to get your “Divorce and Money” transition heading in a positive direction.

  1. Assess what worked and what didn’t work. Here’s a chance for a clean slate. But keep in mind you don’t have to fix it if it isn’t broke.
  2. Gather up all of your important documents. Record keeping is vital. Now you can create a new income and expense statement. New circumstances will probably mean a different income to expense ratio.
  3. Make a list of financial tasks. It’s good to have help with your finances, but first make sure you understand it yourself.
  4. Clean up your credit. Get copies of your financial reports, and if there are any mistakes write a letter of explanation to the reporting agency. It can’t hurt.
  5. Re-title your property. If you’re divorced, property was probably distributed either by agreement or by the court. In any case, it needs to be clear who now owns the house, assets, and whatever else.

Going through divorce is never easy; don’t let the financial issues make it worse. Hang in there, you’ll find the light at the end of the tunnel.

Comments

  1. my husband married me just to get a car, and then he left his apartment and went to see his girlfriend in Baltimore. I had to go to the dealership to get my name off of the car. the dealership finally picked the car up at his apartment. he comes over my apartment and just eat sleep and call me names, I willhave to pay for the divorce. he hasmessed my credit cars up and from august 30th 2016 my credit is messed up, I gave him money off of my cards and he said he would not pay me. because of the terrible name calling and argueing I have asked him to leave. he would not and I have called the police to put him out 5 times. he has applied for credid in both of our names and because he has bad credit it was approed. he is very sleek and told the police on Saturday night past that he lived here and I don’t understand qy they let him go through the dresser draw to find the paper wok with his name on it. he was looking in the wrong drawer and because his name was not on my lease they escorted him out and would not let me talk. I still care for him but I need your help to get him out of my life and another thing when I call them he gets on my other line and talk over me with his lies. PLEASE HELP

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