First year Divorce Economics 101

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Part One

You’ve been downsized

I’ve purposely stayed away from the “whys” of divorce.  But it’s important to note that numerous studies have concluded that money matters was the No. 1 reason why most couples untied the knot.

The sooner you face the fact that your financial situation has been altered the sooner you’ll be able to come to terms with a new budget, if you haven’t done so already.

At first, you’ll find it hard to accept  that you can no longer count on a significant other’s paycheck.  You are a party of one and must conduct yourself as such.  If you got the house and the kids are out – sell it if the market is hot.  Who needs the memories or the maintenance?

If you were too busy journaling while your then-husband was the one keeping the financial books, it’s time you switched from fiction to non-fiction.

You can feel lucky and hope to win the lottery.  You can hope that your future fully loaded Mr. Right is conducting a search and rescue for you.  You can wish for a windfall.  If you choose any of these, may I suggest you incorporate prayer and palm readings to assist you in the aforementioned endeavors.

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