There are some expenses like insurance, gym memberships, phone plans, and streaming services that are shared during the marriage. As the divorce process proceeds, you must take steps to remove yourself from joint accounts and establish them under your name to remove any personal or financial liability. Read this article for more ideas.
A job loss during divorce may make negotiations for spousal or child support more complicated but not insurmountable. If you or your spouse lose a job, the divorce agreement can dictate a formula or percentage that will be used to compute the support payments after re-employment.
This article provides tips and explains issues to consider when dealing with job loss during divorce.
During divorce, parents worry about the effects on children, both emotional and financial. Since financial resources will be divided between two households, children’s academic tutoring or extra-curricular activities may have to be cut back. It turns out that for white families, a drop in family income has a negative effect on the educational outcomes for children, i.e. going to college or finishing college. More information can be found in this article.
When you start dating someone new, do you pay attention to their financial practices? It turns out that poor financial management abilities can be very detrimental to a successful relationship. Try to learn about your partner’s money management philosophy and skills to make an informed decision about your future as a couple. Read more in this article.