Poughkeepsie divorce doesn't have to be a financial struggle

Posted By Michael R. Varble & Associates, P.C. || 25-Apr-2012

Many people might fear getting a divorce because of the financial uncertainty that may come with some divorce situations. With the economic uncertainty of recent years, this fear isn't without reason. However, many people can take steps before a divorce is final, to ensure the outcome of their divorce allows them to live comfortably.

A Poughkeepsie divorce can sometimes leave people feeling the financial pinch. Understanding some financial basics are definitely a good place to start, but it is also important to understand your financial situation may be different after a divorce is final.

Some steps that people can take to make sure they are comfortable after a divorce include:

•· Avoid using credit card. If you have to use a credit card, try your best to pay it off at the end of each month. This will help make sure you aren't charging everything and faced with monthly payments you can't handle after the divorce.

•· Don't forget to pay your mortgage or rent. If you aren't able to make payments, speak with your divorce attorney to see if they are able to help you work out a better situation. Falling behind on your payments could hurt you after the divorce is final.

•· Try to work toward a resolution. It is helpful not to fight your ex over a minor item during property division that is of little value to either person.

While these are just a few of the ways you can help secure your financial situation after a divorce, speaking with a divorce attorney might be a good first step to ensure your financial goals are still attainable after a divorce.

Source: The Huffington Post, "Top 5 Ways to Ensure Financial Security During your Divorce," Bredan Lyle, April 23, 2012

Categories: Divorce

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