Tips For Saving Money During Divorce
Divorce is expensive, there is simply no getting around that fact. In fact, for many couples, divorce can be financially devastating as they try to meet the financial needs of two households instead of one (with virtually the same level of income). There are some ways to lessen the financial burden on you and your family. Here are a few tips for saving money during your divorce:
1. Develop a budget: While you cannot always control all of the expenses
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When you say your wedding vows, you begin to share a new life together. For many couples, this may mean purchasing a home together, a vehicle, furniture, recreational equipment and much more. You may also begin to save for retirement and invest in the stock market in addition to sharing a regular bank account. This is easier than keeping everything separate for most couples and as the time passes
No one could have ever predicted what this year looked like. A global pandemic, many employers asking their employees to work from home, schools being taught online, mask mandates, and a new COVID vaccine. Those are just a few of the obstacles we faced each day in 2021. Our relationships were also under significant stress during this time because of financial difficulty, heightened conflict and increased time spent at home. You might expect to learn that divorce rates have increased during this time, but experts are finding the exact opposite. Uncertainty may be one factor that is leading couples to wait to divorce.
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