The first and most important piece of advice I have for every person considering, in the middle of and even after divorce is to create a monthly budget for yourself. Why is a budget so important? One important reason is that it’s a critical tool your attorney can use when advocating for you with respect to spousal support/alimony. It solidifies what your post-divorce financial needs will be. However, the most important reason is that creating a budget is a powerful and eye-opening experience. People going through divorce are often operating in panic mode where it’s difficult to make decisions with the rational part of your brain. Putting numbers to emotional wants (i.e. keeping the house, a pension, the kids in private school, etc..) takes you out of the emotions and into reality. We hope this episode helps you Embrace the B Word!
If you need help creating a budget or with analyzing your financial options during your divorce, schedule a consult with Jacki Roessler, CDFA at Pearl Planning. Book Consult Here.
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