Peaceful Divorce

We all hate the word budget. How many times have you had a budget that never worked and only made life harder? And when you didn't follow it, did you feel like you failed?

If a budget is done right, it will provide many benefits that are crucial when going through a divorce.

  • A budget is a guideline to help you forecast how your cash flow will look.

  • Having a budget keeps your priorities and values straight. Many times during the divorce you can get confused about what is important to you.

    • Make a list of what's important to you and your family.

    • Living on a budget can bring you peace of mind.

    • The budget will contain what you are spending on a weekly, monthly, or annual basis.

  • Having a budget forces you to be intentional.

    • Going through a divorce can be emotional. Having to deal with a budget can be hard during the time that you're getting divorced. However, when you write down what is important to you, you will see how it can help you.

  • It's going to give you control.

    • Remember that having a budget is not about being perfect.

    • There’s no need to start with drastic changes; taking “baby steps” will still lead to your goal.

  • Prioritize your expenses: Determine what you need as opposed to what would be nice to have.

There are many who have gone through a divorce and really never put a lot of thought into their budgets, only to find out later that they did not have enough income to cover their expenses. Are you going to be one of them?

Views: 11

Comment

You need to be a member of Peaceful Divorce to add comments!

Join Peaceful Divorce

Become an affiliate of the Happily Divorced! book and audio program! Let Reformed "Killer" Divorce Attorney, Cynthia Tiano, and Dr. Max Vogt, Marriage and Family Psychologist, take you on an adventure into the lives of two families going through the divorce legal system - one doing "legal battle" and the other creating a "peaceful divorce". Learn how to create a Win-Win from their experiences... HappilyDivorced.org


Events

Latest Activity

Robert D. Bordett, CFP, CDFA posted a blog post

Tax Tips for the Recently Divorced

We are only 10 weeks away from the end of the year. What does that mean for people who have gotten divorced in 2017?It means you have to get ready to file your tax returns for the year ending 2017 by April 16, 2018 (April 15 falls on a Sunday so you can file your return on April 16) or extend it. Remember, just because you extend it, you still have to pay any…See More
Nov 16
Robert D. Bordett, CFP, CDFA posted a blog post

Tax Q&A for Recently Divorced People

Divorce is one of the most painful experiences anyone can go through. In addition to the emotional component, financial issues weigh heavily on the minds of the parties to any divorce. Unfortunately, there are just some things that don’t follow any logic and you just have to know. Here are a few of the most common:  What filing status options do I have if I am separated from my spouse? You may qualify as Head of Household if you and…See More
Oct 25
Robert D. Bordett, CFP, CDFA posted a blog post

New Models of Mediation

When I got trained in mediation, we were told that you either did solo mediation (one mediator) or co-mediation (two mediators). Since then, divorce professionals have learned that there are endless permutations of effective methods to mediate. In this post, I describe a few of the arrangements I have encountered in the 30 years I have been doing this.Integrated Mediation is…See More
Oct 4

Badge

Loading…

About

© 2017   Created by Cynthia Tiano, Esq..   Powered by

Badges  |  Report an Issue  |  Terms of Service