Divorce can be a financially draining event, and many people have a difficult time financially after divorce. Recent studies have shown that women are now faring better financially after a divorce, primarily because more women are now working outside the home and the male/female income gap has continued to narrow. Meanwhile, divorcing men may be [...]
Consumer debt in the United States today is a big issue. The number is actually staggering — total U.S. consumer debt, as of December 2011 is $2.5 trillion (Source: Federal Reserve’s G.19 report on consumer credit, released February 2012). Average credit card debt per household with credit card debt is $15,956. Almost all American families [...]
Sometimes after a divorce, it’s easy to focus on healing emotionally, and let financial issues and money matters take a back seat. Though healing emotionally is certainly an important part of the post-divorce process, it is important to address money matters promptly, since the financial choices you make after a divorce can have lifelong effects, [...]
We hear a lot of confusion and questions about legal separation, so thought it would be good to talk about what a legal separation is, what it means, and what the benefits may be. The most obvious difference between a legal separation and divorce is that a divorce puts a legal end to the marriage. [...]
Last week we talked about the top 10 reasons for divorce, and money (financial issues), is continually cited as one of the most prevalent reasons that couples get divorced. The underlying issue most of the time is actually lack of communication. The key to defusing the money issues in your marriage is to talk about [...]
