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As soon as you decide that divorce is a potential reality, immediately your thoughts will turn to your future and fears of your new reality. “I don’t make enough money to live on my own.” Or “How much of my income will I have to give up to support my spouse and the kids?” “I’ll be living in poverty!” A world of unknowns reveals itself in an avalanche of financial and emotional realities that must be dealt with.
This year is definitely different from year's past with the Covid-19 pandemic. It may feel even more uncomfortable and lonely if this is your first holiday season since your divorce.
Is this it? Is this the first time since the birth of your kids that you will be forced to spend at least part of the holiday without your children? That's no fun and the first year will prove to be the hardest. Although it will be very different, the entire holiday season doesn’t have to be bad. Here are a few tips.
Managing your finances effectively will become a high priority during a major life transition. Money can’t buy happiness but your ability to manage your finances will play a large role in your financial future, and to a large extent, your ability to live the life you choose.
It doesn’t necessarily require a huge amount of time to get your finances moving in the right direction. It’s often a matter of focusing on the “fundamentals” and taking the following steps can help you get on track.
