Going through a divorce is emotionally taxing. Unfortunately, your psychological
well-being isn't the only thing at stake; research suggests that post-divorce
overspending is problem for many people, too. Some spending, such as legal
costs, are a worthwhile investment and simply part of divorce logistics.
Others are unnecessary and may be the result of emotional unrest or lack
Here are a few inessential expenses to avoid during and after divorce:
Spending too much money on your children.
After a divorce, you probably won't have as much time with your children.
Additionally, your kids may feel a sense of abandonment or betrayal while
they adjust to life without married parents. During this time, it's
easy to spend money on your children because you feel guilty. There are
two problems with this scenario: it places strain on your bank account
and it shows your children that material possessions and "fun"
things equate happiness.
Buying a makeover you can't afford right now.
Divorce will alter every aspect of your life, and many of these changes
will be positive. After ending a marriage, you may feel like changing
your physical appearance. This is completely normal, but a complete makeover
might be impossible with your current budget. Focus on making positive
changes that are within your budget.
Pouring too many resources into your house.
Regardless of where you live after your divorce (the family home or a new
location), it will be easy to invest too much money into changing your
surroundings. This is particularly true if you remain in the marital home,
which is closely associated to your marriage. While some purchases, updates,
and improvements are a good thing, it is important to refrain from spending
more money on your home that you can afford.
Paying for meals / services instead of assuming new chores.
Most married couples divide household tasks and chores. One spouse might
cook, while the other cleans or maintains the yard. After a divorce, you
might feel overwhelmed without someone there to help you with the tasks
that were not your responsibility. If your spouse cooked, for example,
you might be tempted to overspend on prepared meals and take-out. Instead,
take the opportunity to develop new interests and skills instead of emptying
your bank account.
How an Attorney Can Help
A Washington family law attorney can help you get the best divorce settlement
for your unique circumstances. In the long run, a fair divorce will help
you maintain your financial security. For additional information about
the legal team at McKinley Irvin, please contact a representative from
our law firm. We have served clients for more than 20 years and can put
our experience to work for your case.
Connect with our divorce lawyers in Washington today.