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Finance

Do You Know How To Prepare For Taxes After Divorce?

Do You Know How To Prepare For Taxes After Divorce?

Divorce is already hard enough, and the subject of taxes certainly isn’t going to make it any easier. That being said, it’s still vitally important to understand the subject of paying taxes after divorce, because you’re going to be faced with a number of new issues. Here are the top…

Top 5 Money Mistakes To Avoid During Your Divorce

Top 5 Money Mistakes To Avoid During Your Divorce

Divorce is already a very stressful process, but it’s going to become even more stressful financially speaking if you make hurtful money mistakes along the way. Since emotions and stresses are high during the process of divorce, it’s very easy for people to make a number of very costly financial…

How to repair your credit after a divorce

How to repair your credit after a divorce

It’s no secret that going through a divorce is a very expensive process, and it’s not at all rare for people to come out of a divorce with greatly increased debt and a damaged credit score. Fortunately, there are steps that you can take to repair your credit after a…

Do you have support to keep you financially accountable?

Do you have support to keep you financially accountable?

Being on your own can be a scary thought. Whereas you once had two pairs of eyes reviewing financial matters, now you may only have yourself to rely on.  But that doesn’t have to be the case. This is especially important for someone who is not well versed in budgeting,…

Is your job limiting you from a better future?

Is your job limiting you from a better future?

Mark is a newly single father looking for a better future. Now that his divorce is over, he must figure out how to restart and budget his finances, which are consistently going into the negatives. Not only is he working off of his sole income now, he must provide for…

Debt: You Need To Take Back Your Control

Debt: You Need To Take Back Your Control

Debt can be crippling after a divorce, especially if you are not receiving alimony or child support. Your income is your most powerful wealth building resource. It doesn’t matter whether you’re in your mid-60s trying to rebuild your estate or 25 and just starting to develop your profession… your income…

Will Your Divorce Be Affected By The New Tax Laws?

Will Your Divorce Be Affected By The New Tax Laws?

If you are preparing for a divorce in the coming year, take some time reviewing the new Tax Cuts and Jobs Act that was ushered into congress late last year. “Over 600,000 taxpayers claimed a deduction for alimony on their 2015 returns, but for divorces entered into after 2018, alimony…

Filing for Divorce? You Need to Get Your Mindset Right

Filing for Divorce? You Need to Get Your Mindset Right

Is your divorce mindset in the right place? If there was ever a time to make thoughtful decisions, it’s now. The legal work surrounding your divorce settlement is incredibly important to get right. These decisions will affect your future, your children, your retirement, your house, any child support, alimony, debt…

Alimony and Child Support… Quick Tips You Need To Know

Alimony and Child Support… Quick Tips You Need To Know

Quick Tips: Alimony & Child Support Divorce can be financially devastating to either or both spouses if you do not plan for alimony and child support correctly. However, it’s possible to get through divorce without emptying your pockets. Taking the necessary precautions and educating yourself on fiscal policy can reduce the burden…

Why You NEED To Master Financial Patience

Why You NEED To Master Financial Patience

After you have your paperwork sorted (household income, expenses, receipts, banking and credit card statements, loans, etc.) you can prepare for the next step. It’s still early in the process, so stay abreast of the situation and refrain from any big financial decisions. You may feel pressured to grab anything…