A lot changes after saying “I do,” including your finances. No longer are you the sole captain of your monetary voyage through life. So, you understand the circumstances, but now what?
Divorce is a certainly separation of personal finances, but it's not always an elimination of shared financial responsibility. You and your ex-spouse may still be facing the cost of putting a kid through college. The path ahead may be uncertain, but there are some initial steps you can take that your kid will thank you for.
Depending on the circumstances of the relationship, a divorce can be a financial fiasco. Even if your month-to-month doesn't really change, you now have the added responsibility of managing your finances without a second opinion. Thankfully, there are steps you can take to be confident in your newfound financial autonomy.
"What’s mine is yours” sounds like a universally wonderful idea until it isn’t. When that idea and other financial expectations are not met, couples often struggle to find healthy ways to discuss them. So how can you talk about money without it ending in an argument?
Divorces happen for many reasons, and the financial aftermath is almost always confusing. In particular, many people wonder how their new status will affect social security. So here's what you need to know about social security if you’re going through a divorce.
As medical technology has improved, so has the quality of life and the average life expectancy. With more years together and more memories to be made, families now must consider how to care for the elderly. As your kids go off to college, you now might have to decide how to care for a new group of residents, your parents.
Setting a clear, defined budget for your household is critical for keeping expenses in check. But what if your spouse is a big spender?
Drawing up a will has become so easy, and it is relatively inexpensive, leaving very little reason why everyone shouldn’t have one. The question becomes whether you should have a living trust in addition to your will.