Divorce has been ranked as one of the most stressful events for women and men to go through, but it doesn't have to be as hard as you think. Anyone going through a divorce often struggles financially because they are not prepared for this life change. At the Financial Sherpa, we want to help you navigate the divorce struggles before, during, and after by providing you tips on how divorce affects finances, how to maintain financial responsibility during divorce proceedings, and more!
Tips For Navigating Your Divorce
Before you start the official divorce process, you have to start thinking about what this means for you. Divorcing spouses often struggle financially because they did not prepare beforehand.
Divorce can be financially difficult because you may have to pay your spouse alimony. Divorcing couples should know how much financial responsibility they will need to take for themselves, and what rights their ex has if they are not prepared to begin with. Divorce has an effect on your credit score and can affect future financial opportunities. Divorcing spouses should be aware of their divorce decree, what it covers, and how to keep track of everything that is agreed upon.
Divorce is a difficult process that can take a toll on your mental and physical health. Like a rushing river, it is overwhelming, fast paced, hectic and can be difficult to navigate alone. Here at the Financial Sherpa we help you negotiate, stay organized, stick to a routine, and make a plan.
Once your divorce is finalized, you may expect this time period to be the calm after the storm. That isn’t always the case, and what you do post-divorce can be just as important as during. You are now on your own with a lot of financial options in front of you. Knowing what to do with your settlement, how you can make your money last, and more is all very important in maintaining a healthy financial life after the divorce.
The Financial Sherpa is a financial management boutique that specializes in wealth advice, financial coaching, and divorce consulting. While life provides you with many hurdles to overcome, there are few that can't be overcome without the aid of a Sherpa — a guide who can assist you in overcoming what appears to be an otherwise unbeatable problem, leading you and pointing. If you are in need of financial coaching, wealth management advising, or divorce consulting today, we hope that you choose to reach out to The Financial Sherpa. We look forward to hearing from you!