Divorce is often the most emotional time in a person’s life. It is also when permanent, life-altering financial decisions must be made. If you are in this situation then, naturally, you may be experiencing fear of the unknown. Fortunately, education helps alleviate that fear.
The evidence from psychology, behavioral finance, and investments tells us that there is range of diverse psychological mistakes people make with their investments. They are categorized into two areas: cognitive and emotional.
Here are five things to consider and understand before finalizing your divorce.
A divorce may spell change for your lifestyle, your hopes and dreams, your children’s lives, and much more. But with some preparation and planning, you can protect your interests and take charge of your financial well-being.
The only ways to increase your cash flow are to increase your income, cut your expenses, or some combination of the two. Here’s how to find the money to fuel your dreams.
Preparation helps cases settle. For instance, if a…
"Do you have advice for business owners going…
You may be wondering about withdrawing money from the joint account(s) you use to pay household bills. Can you use a joint account to set aside funds for your own upcoming needs? Should you? If so, how much should you withdraw? What can you do if you have limited funds and can’t access your marital assets?
During your divorce, you may need to raise funds for college, retirement, a new car or vacation, or to help pay for the divorce itself. Jewelry items collected over the course of the marriage are a potential source of income, but how do you go about selling these items for the best price?
Divorce can be challenging for many reasons, but the financial matters are often among the most…