Budgeting after Divorce

budgeting after divorce

Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle.

Money management, lack of money, differing priorities about money, choosing to save or spend…  Money disputes can pave the path to divorce, and lack of money can be a huge challenge after divorce.  Regardless of how much you make, if you divide the total family income in half and double the financial obligations to support two separate households, there are going to be necessary and sometimes stressful, adjustments. 

A Broken Family or a Restructured Family?

restructured family

Does divorce have to break a family completely, or can a family emerge from a split in a restructured form that is healthy and hopeful?   Similar to debt restructure in bankruptcy, restructuring a life can be painful, uncertain, promising, challenging, and ultimately either provide a new framework for a satisfying life OR lead down to a path of destruction.  Viability is determined not by the decision to restructure, but by the careful planning and steps taken after the decision has been made.