Nearly one-third of all households in New Jersey are headed by a single parent. Some receive support from their former partner, but a substantial number of single parents live on their own income. Frequently, a non-custodial parent is unable to contribute alimony or child support for a number of reasons. This puts a lot of pressure on the custodial single-parent to provide … [Read more...]
Financial Abuse is Domestic Abuse
Many of us instinctively think of domestic abuse as being physical. Society and the mental health field are increasingly recognizing emotional abuse as another form of control. Another form of domestic abuse, that can be quite damaging although it is less recognized, is financial abuse. Domestic abuse, physical, emotional and financial, is about power and control. When an … [Read more...]
What’s The Emotional Value Of Your Wedding Diamond?
When purchasing a wedding diamond, jewelers use a particular method for determining the value of the stone. Cut, color, carat and clarity are known as the 4C’s and are useful in examining a diamond’s characteristics and worth. If you’re in possession of a diamond engagement ring, you may view the stone differently than its physical properties alone. That piece of jewelry … [Read more...]
Four Personal Finance Basics Not Taught In School
As our children go back to school, those going through a divorce have discovered that some things just are not taught in the K - 12. For instance, we were never taught the basics of personal finance in school. We had more years of high school and preparatory college math, which we may rarely need, than any financial literacy or education. Many of us have learned by trial and … [Read more...]
Health Insurance and Divorce: What You Need to Know
Getting divorced is an emotionally charged and chaotic time. You’re probably worried about dividing your assets, possibly selling a house, and finding a child custody solution that works for you and your ex. But there’s one other important aspect you need to consider: Health insurance. If you’ve received your health insurance through your spouse’s employment, then you may … [Read more...]