It’s no secret that divorce or separation is hard on the heart but there is also the huge effect on family finances.
It can take 5 years or more to recover financially because really – who financially plans for the day they divorce?
So what now? This is not the time for making big decisions that will affect your finances. The worst thing you can do is make life changing decisions in an emotional state.
So step away from the credit card, take a deep breath and make sure you make decisions that are good for YOU.
Get impartial help (your friends love you but they may not be the best people to help you make the financial decisions you will need to!) – talk with a clear and calm mind to your solicitor, your accountant, your financial planner and your spending planner. This is the time to get the foundations right to support your new life!