5 Tips to Secure Your Finances If You're Getting Divorced

divorce Jan 03, 2023

Divorce can be one of the most difficult times of your life. Not only is it emotionally taxing, it's expensive. There is the cost of your attorney and the filing fees, but there is also the burden of figuring out how to pay expenses on your own.

Here are 5 tips for securing your finances if you're getting divorced:

  1. Create a budget and stick to it. This will help you keep track of your income and expenses and make sure you are not overspending.
  2. Keep all financial records organized, so that you can easily access important documents when needed.
  3. Talk to a financial advisor to create a long-term money plan that will help you secure your finances.
  4. Set up an emergency savings account to help you in case of any unexpected expenses during the process.
  5. Have a conversation with your ex-spouse about who will be responsible for certain debts and assets. This will help you know where you stand financially and prevent any disputes in the future.

For more help on sorting out financial issues in divorce, check out our tool The Top Ten Money Questions You NEED to Ask Your Attorney.

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