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How to Create a Divorce Budget

divorce May 15, 2023
Divorce Budget
Most Americans live paycheck to paycheck and don't have an opportunity to see what money is flowing in and out. That's where a budget is crucial. Not as a strict set of rules made to dictate your life, but as a way of seeing clearly. I work with my clients to take the fear out of unknown. To find their power and make financial decisions that will support their ultimate life goals. Most importantly, we look at finances without shame or guilt. Download this worksheet and I will help you create a comprehensive, livable budget.

Once you have a clear understanding of your budget as it exists today, while you are married, create a new budget that splits one household into two. 

For most people this is very difficult and often ends in a shortfall. If that is the case, ask yourself these questions:

1. How can I get additional income? 

2. How can I reduce my spending?

3. Is there an asset that can be sold to fill in the gap?

4. What will change in 5 years? 10 years? Retirement?

Sometimes the solutions are outside the box. So, creativity and problem solving are the key. We all know that this kind of thinking is almost impossible when you are in fight of flight. You need to be calm and thinking clearly. If that's hard, ask for help!

Email us to sign up for group or individual coaching. 

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