Divorce Conversations For Women

Budgeting. This is a powerful word. It creates fear and anxiety. It produces avoidance-type behaviors. It even impacts relationships. What are the costs of not budgeting? There are costs to our overall well-being. 1)     Health: Lack of sleep 2)     Quality of life: Financial-related stress 3)     Financial: Actual dollars & sense   Most of my clients come to meet without a budget. There was no formal system for tracking expenses. Each spouse had a debt card – and spent money freely. What was the cost? Credit debt with high interest rates. Overdraft fees to the tune of thousands of dollars. Not saving for college as the kids approach college-age. Using the equity to pay of debt. And, then add in divorce on top of all the mayhem. Budgeting is central to all financial decisions – and yet we avoid it at all costs. Women will often ask how much can I afford for housing? How much should I save? What can I afford for insurance? Etc. Those are all certainly great questions, but I don’t know the answers… until we