Simple Divorce Advice

Divorce advice and support from lawyers, mediators, divorce coaches, financial experts, collaborative specialists, therapists, dating experts, child specialists and other profesionals who work in divorce.



Financial Decisions

February 16, 2010

Why Money Is Important In Divorce?

divorce moneyAs a divorce coach the one thing that comes up over and over is the fear surrounding not having enough money after the divorce settlement goes through. It doesn’t matter which of the marriage partners it is., wives or husbands, initiators or non initiators, rich or poor. Everybody sees themselves as worse off financially.

There is the obvious of course. You have to share your pool of money and may be even pay maintenance for your children or spouse depending where you live. You may not be able to see how you can buy a home or make ends meet when the family assets are divided. This is a real fear for most people so do not think you are alone; it is that it is not discussed as often as it should be.

This sort of worry really does impact greatly on the divorce itself and make things more difficult. If you are thinking this way, then your spouse probably is as well, or is playing on your fears, or both. It makes people fight for as much of the pot as they can get even if they know it is not right or they shouldn’t. It is fear of the unknown that is creating this need; the trouble is that is you have two people with the same agenda you are going to end up paying an awful lot in legal fees and still coming out with less than you need.

You will not magically feel better if you come away with the larger amount from your settlement. Your anger, fear and grief will all still be there and will need to be dealt with. In my opinion it is best to deal with all these emotions as they come up so that when the settlement does come you will be able to formulate some plan of action to reestablish yourself.

There is only one thing to do about money worries and that is to make them go away by managing the money you have, increasing your income and increasing your personal assets. You may have to think about a second income stream or learning a new trade so that you are able to increase your income and your assets.

Since you are sitting at the computer anyway, why don’t you start searching for the things you are interested in and see if you can build a business or career around them. If you are interested in working from home or having a second income there are a plethora of these available. My advice here is to be wary. There is an old saying ‘if it sounds too good to be true then it probably is’ Building any business takes time and effort and know how, so if you are willing to put in the time and effort the online community may be the right place to start.

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