Financial Tips for Single Women after Divorce

Managing your money can be a challenge after a Virginia divorce. You can survive and thrive by staying positive and following some basic tips.
By: Virginia Divorce Attorney
 
May 31, 2012 - PRLog -- You spent years sharing everything with your spouse, but now that your Virginia divorce is finalized, your money and life are all your own. There's a lot of freedom in the idea of being in control of one's own finances, but there are also major responsibilities. Despite the challenges, managing your money is an important part of post-divorce life.

Visit us at: http://www.virginiadivorceattorney.com/reports/what-every-virginia-woman-should-know-about-divorce.cfm

One of the first things many women have to deal with after divorce is the reality of handling the money and paying the bills on their own. While it may seem old-fashioned, plenty of women still leave the financial management up to their husbands and find themselves frustrated when it's time to take the reins.

After your Virginia divorce, your financial situation will look a lot different than it did before. Once the divorce is final and the property has been distributed, you will need to sit down and take stock of what you have to work with. This will give you a better idea as to what your expenses, debts, and assets are.

For starters, set up an area in your home where you will pay the bills and do the financial paperwork. It can be a desk in your bedroom or living room, but if the kitchen table is your only option, be sure that the paperwork is stored in a box or cabinet, not scattered across the table at times when you're not working on it. Being organized can be a big part of the challenge of managing your money.

Dealing with Debt

Debt is one of the major financial issues that women have to deal with following a divorce. While it may seem overwhelming at first, you can find ways to decrease your debt. Some people choose to speak with a credit counseling agency. These organizations can help you through the process of paying down your debt and will present you with various options depending on your financial situation. Just be sure to deal with reputable agencies.

Saving on Daily Needs

Electricity, phone, Internet, cable . . . they can add up. If you've been using the same utility company for years, you might want to shop around and see if there are better deals out there. If money is very tight, you may have to downgrade to a less expensive cable package or a cheaper phone plan. Some people choose to use their cell phone as their primary phone to avoid paying two bills.

Grocery shopping is another important front in the battle of managing your money after divorce. Coupons can be a good way to save on various frequently used household supplies. You can also stock up on larger amounts of needed items when they're on sale. Learning how to separate and freeze meats and other perishable items for future use can enable you to take advantage of multi-pack deals when they are available.

You may have to cut back on some of your "just for fun outings” as well, but you should try and find less expensive alternatives to what you usually do. It's important to maintain friendships and to branch out socially after your Virginia divorce.

Contact a Virginia Divorce Lawyer for Women

Throughout your divorce proceedings, you’ll naturally have a lot of questions specific to your circumstances. Get your questions answered by requesting one of our FREE divorce guides for women, or reserving your seat at our monthly divorce seminar – 757-425-5200.

The Virginia divorce lawyers at Hofheimer/Ferrebee are committed to fighting for your rights, assisting in child custody disputes, and advocating that you receive everything you are entitled to and need in order to start your new life.

Visit us at: http://www.virginiadivorceattorney.com/reports/what-every...
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Source:Virginia Divorce Attorney
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Tags:Managing your money, Virginia divorce
Industry:Family, Legal
Location:Virginia Beach - Virginia - United States
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