The end of your marriage has the potential for a certain amount of financial confusion, even financial turmoil. Even if you feel you obtained a fair settlement or judgment in your New Jersey marriage dissolution case, you may still have some issues related to divorce finances. There are a trio of keyways in which you can handle your finances following a New Jersey divorce.
You Must Take Budgeting Seriously
A good percentage of married couples admit that they are not particularly diligent when it comes to regularly making and keeping to a budget. In some instances, the failure to budget may seem like it did not have a huge impact on your financial status while you were married.
When you divorce, you need to become far more serious about budgeting. The fact is that your financial status likely will or has changed because of the end of your marriage. And such an alteration very well may mean that you have less money coming in. With less money available, the necessity of budgeting seriously becomes highly serious and needs to be a priority in your life.
The bottom line is that you cannot follow what really is common practice among people across the country. That is taking some time to come up with a budget but not making a commitment to follow it. Continue Reading →