When I asked readers recently for suggestions for money-related topics, one reader asked what do you do when there simply isn't enough? She's tired of hearing the standard advice on cutting back on expenses - she already tracks her expenses and she knows where her money is going. The lattes went long ago. She's working full-time in a decent paying job but she is the sole … [Read more...]
Does Child Support Count When Applying For A Mortgage?
Today, I'm excited to share a guest post from Suzanne Cramer with CareOne Debt Relief Services where she blogs about divorce and finance. As a single mother, Suzanne has experienced many of the financial challenges of divorce first-hand. She's also been a guest on Since My Divorce a few months ago and you can read her story here. Time has passed, the scars from divorce are … [Read more...]
When Do You Need A Financial Adviser?
When confronted with divorce, I think most of us know enough to look at the different legal processes (traditional, mediation, collaborative). We know to consider couples therapy or even therapy for ourselves. My sense is that using a divorce coach is becoming more usual but when do you need a financial advisor? My guest today is Meredith Bromfield, author of 10 Keys: A … [Read more...]
Stay At Home Or Work After Divorce?
Megan has been a stay-at-home mom to her three children aged eight, five and three for about four years now but with her alimony running out in six months she needs to think about going back to work. With no college degree, her earning power is limited and she weighs that against the cost of daycare and wonders if it's worth it. Here's Megan: In the state of Florida, unless … [Read more...]
Living Up To Expectations
In the first post in Megan's story - Should never have got married - Megan said she'd got married because she was pregnant and then stayed because of the financial stability. She was a stay-at-home mom during her five-year marriage and so far, through a combination of savings, financial support from her parents and alimony she has managed to continue as a stay-at-home mom to … [Read more...]