Preparing for the Financial Challenges of Divorce: Prioritizing Financially.
When preparing for a separation or divorce it is important to be frugal in order to manage the costs of the process, along with the needs of your children and yourself. Don’t be proud, be practical. Put yourself on a very modest budget during this difficult time, keep clear and concise records of your expenses and record your spending. Don’t be ashamed to accept help from your family and friends. If your loved ones are unable to help financially, ask for help with other things (child care, carpools, etc.). A little help goes a long way.
When budgeting for living expenses, it’s important to consider the safety of you and your children. Don’t forego safety for a less expensive place to live. If your soon-to-be-ex’s behavior is unpredictable, you must prioritize safety above all else.