Guest blogger, Suzanne Cramer believes that having a realistic budget is a critical component to financial independence and it begins with tracking your expenses. Here's Suzanne: The dust is beginning to settle after your divorce and you realize several things; you will be okay on your own, your life is changing, and you need to learn to budget. While not difficult, … [Read more...]
Becoming Financially Self-Sufficient
When Terry (author of the blog Scribblings of a Soccer Mom) and her husband of eleven years split up, she was a mother of two children who'd been working part-time from home. While she had some alimony, getting back to full-time work was a priority even if it would mean challenges when the children were sick or on school holidays. Terry wanted and needed to be financially … [Read more...]
Your Options For Dealing With Debt After Divorce
One of my universal truths about divorce is that it always changes your financial situation and most often, it means doing more with less. For many people, divorce also means debt. This month's financial guest post from Suzanne Cramer is about ways to handle debt after divorce. Here's Suzanne: Debt may have been the cause of your divorce, a catalyst, or just the result of … [Read more...]
The Marital Home – Should You Stay Or Go?
My last guest, Jen lost her marital home because of her husband's gambling addiction. So when it came to divorce there was no decision to make about the marital home. It was already gone. For many couples however, the marital home represents their largest financial asset and so the decision about what happens to the home tends to be one of the earliest decisions in the division … [Read more...]
Don’t Rely On Your Ex
Knowing the story behind Jen's divorce ... discovering her husband was a serious gambler and a pathological liar ... it should come as no surprise that he wasn't going to be someone to rely on after the divorce. There were somethings Jen knew right from the very beginning she was on her own and other things she's seen slowly slide during the two years they've been separated. … [Read more...]