Divorcing your spouse is an act that’s going to have a major financial impact on you. Not only do you have to pay legal fees during your divorce, but you also have to remember that your assets will likely be divided and your budget will have to change to accommodate your new situation.
Here are some tips to help you get your finances in order during your divorce so you don’t find yourself mired in debt.
- Get organized—The first thing you need to do is get a clear picture of your financial situation. This means getting your hands on your bills, bank statements, investments, insurance policies, etc. All of this information will help you get organized so that you know exactly what you’re up against.
- Make note of spending patterns—Before you can set a budget, you need to better understand what you spend. This means making note of monthly bills, grocery expenses, and every single dollar you spend on a daily basis.
- Adjust for your new lifestyle—Your living situation is going to change drastically. No longer will you have a joint income to rely on, and you could have additional expenses with child support and alimony. This means you need to adjust your lifestyle to fit within your new financial reality.
If you’re facing divorce, let the experienced legal team at DivorceYes.com help. We offer flat fee legal representation, starting at $399 for an uncontested divorce in Florida with no kids and $499 for an uncontested divorce in Florida with kids. Learn more at www.DivorceYes.com.