Financially preparing for divorce is crucial for protecting yourself and ensuring you get a fair deal. Many divorces end with one party receiving more than the other, which is avoidable if you fully understand your financial situation. To be prepared, there are a few steps you must take. This...
She believes that rebuilding financially after divorce is a great time to rethink what you want to do professionally as well. Maybe you would rather stay home with your children,switch careers, find a better work-life balance, or go back to school. “Divorce is a great time for soul search...
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One way to keep costs down is simply to ask. "If you contact these programs, they'll (sometimes) throw in about a 10% discount or so, even if there isn't an active promo going on," he says. He used this strategy for both his CFP program and hiscertification for divorce-related fi...
Learn how to manage your allowance so you can set aside some money for special goals, like college 1. funds or a computer. You will need: 2. discipline, a journal and money. 3. Optional: envelopes. Step 1:...
Keeping the house in the divorce—I had to spend $76,000 repairing it to then short-sell at a >$200,000 loss. I'll be paying on the loan I had to take for the repairs for the next 15 years. Giving my daughter a credit card (for “emergencies”) when she entered college in Bos...
It is very important to get legal advice first, before going ahead with any court case whether such legal advice relates to issues bothering on Employment Law, Tenancy or Divorce. Getting legal advice or legal help is quite important but it would also cost you a lot depending on the lawyer...
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Start your planning effort by gathering information from your various financial accounts into a document or spreadsheet. Then make some basic calculations that establish where you stand financially. 1. Calculate Your Net Worth To calculate your currentnet worth, subtract the total of your liabilities ...