What Not to Buy After a Divorce

A divorce is a life-changing experience. Going from married to single can change your life in many ways, especially if you have children. One aspect that you’ll need to make changes to is your financial situation.

Bills and everyday expenses are easier to pay when there are two incomes in the household. When you’re on your own, everything is on you. The financial impact of divorce is especially hard on women.

What this means is that you need to be prepared if a split is imminent. You need to keep your wallet full during the transition. This means keeping a closer eye on what you buy. If you desire financial freedom, here are some items you should stop buying after a divorce.

Shared Expenses

As a married couple, you and your spouse likely shared expenses, such as auto insurance and cell phones. Don’t do this anymore. Create your own accounts and make sure joint credit cards are closed to prevent this from happening.

New Car

If your marital household had just one vehicle, then one of you may be left without a car after the divorce. If transportation is a must, opt for a used car. Many used cars are reliable and much cheaper.

New House

A new house may be a good idea down the road, but you may still be struggling a year or two after the divorce. Houses come with a lot of expenses and upkeep – are you up to the task mentally, physically, and financially? You may want stability after a divorce, but a house is a huge expense. Take the time to think about what you really want before settling down and making an offer.

Vacations

After a divorce, you may desire a change of scenery. While that’s understandable, going out of town can quickly get expensive once you factor in hotel stays, eating out, and activities. You don’t want to drain all your savings after a divorce. If you must get out of the house, opt for a day trip in your local area or limit your vacation to a weekend out of town so that costs don’t get too crazy.

Excessive Dining Out

Eating out has gotten crazily expensive in the last few years. Even a fast food meal can cost more than $20 for one person. While it may be fun to go out with friends every now and then, you need to keep your expenses in check. The costs of dining out several times a week can quickly add up. Find some good recipes you can cook at home instead or have a potluck with friends.

Seek Legal Help

Divorce changes your life in many ways. It can greatly impact your finances, forcing you to quickly make changes to your budget and spending habits.

Need help with your post-divorce life? Fort Lauderdale divorce lawyer Edward J. Jennings, P.A. can assess your situation and help you make good decisions. We can connect you to financial experts that can help. Schedule a consultation today by filling out the online form or calling 954-764-4330.

Source:

bestlifeonline.com/things-you-should-stop-buying-after-a-divorce/