With divorce comes many changes—especially those that may affect your finances. Some people find the need to rebuild completely after divorce—purchasing a new home and essentially starting over.
If you need to rebuild following a divorce or family law matter, we’re here for you. Here are a few ways you can use finances to improve yourself following your legal troubles.
1. Create a new budget. Now that you’re single, it’s important to create a budget that fits your new life and how you want to live. You may find it tough to be honest at first, but once you carve out a realistic budget, you’ll feel much better about things. When you do this, you can also use it as an opportunity to make sure you aren’t missing any funds that were supposed to be allocated to you as a part of your divorce.
2. Define your priorities. What you may have spent money on while married may not be the best option for you now. That doesn’t mean skimp out on things you love like eating out, attending yoga classes, or going to the movies. It simply means you now have a chance to focus your finances on yourself instead of another person, so you should do exactly that!
2. Plan out the type of life you want to live. We always tell our clients that divorce can open your mind to plenty of new beginnings that might be what you never know you actually wanted or needed. Think about if you’d like to move or keep your house. Do you want to take up any new hobbies? Consider divorce a blank slate and a chance to start over and living life the way you want to. Financially, you’ll have full control over what you want!
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We’d love to speak with you and help you with any challenges you may be finding in your life. Contact us today to schedule your complementary consultation, and feel free to share this article with anyone who may be going through divorce.
We look forward to helping you or a friend in any way that we can.