Can you keep your divorce from destroying your finances?

When you make the decision to get divorced from your spouse in Pennsylvania, chances are one of your first concerns is securing your finances and preparing for a future as an independent person. Because your finances can undoubtedly be shaken from the process of separating from someone you shared money with for a length of time, it is imperative that you begin making preparations right away so you can work to rebuild your financial foundation. 

Perhaps the wisest advice you may consider implementing is to avoid excessive spending at all until your divorce has been finalized and you know where you stand in terms of your finances. Likewise, keep detailed records of your spending so you can confidently answer about where your money is going. Consider creating a budget for yourself and examine your expenses to identify areas where you can cut back in an effort to save as much money as you can. 

According to U.S. News, one of the biggest challenges may be finding a job and beginning a career if you have not worked throughout the course of your marriage. Experts say that a significant misstep that many divorcing people make is to refrain from finding employment until their divorce has been finalized. Doing this can put you even further in the hole as you accrue mounting debt with no real idea of how it will be paid for. As soon as you suspect a divorce, begin looking for a job and if possible, one that has benefits and opportunities for growth. 

The information in this article is intended for educational purposes only and should not be taken as legal advice.  

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Contact Us Now To Discuss Your Legal Needs

We know you have questions, and we will be happy to provide you with the answers and sound counsel you need. To get started, call our office in Wyomissing toll free at 888-434-9531 or fill out the form below. We will return your call or email promptly.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Huckabee, Weiler & Levengood, P.C.

1136 Penn Avenue
Wyomissing, PA 19610

Toll Free: 888-434-9531
Phone: 610-285-8386
Fax: 610-378-9896
Wyomissing Law Office Map

Review Us