One of the questions I most frequently get asked when clients are going through a separation is: 'How do I manage my money?'. It can actually by answered by breaking it into 3 simple steps 👉
Money. We love it. We struggle with it. We fight about it. Money touches some of the deepest recesses of our being, the tender spots where insecurities dwell. We fear we won’t have enough, even when we have always had enough to survive in the past. We want to be respected and valued for what we provide and to demonstrate good stewardship. We know money is a useful tool, but it can also be the root of all evil and equated with power. Here are some suggestions to overcome the obstacle of money in your divorce.
In a previous entry, Family Money Matters, I wrote about the pitfalls of financial dependence in a relationship and how that plays out in separation. In this entry, I’d like to offer a more concrete solution to this scenario.