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Home  ⁄  Tag Archives: Obtain a credit report on yourself and your spouse

6 Things To Do ‘Before’ You Get Divorced

Nov 21, 2012 Posted by Ted Jenkin @ Your Smart Money Moves In Featured Articles, Gen X & Y Financial Advice Tagged 401(k), 6 Things To Do ‘Before’ You Get Divorced, account numbers, Annuities, Automobiles, balances, business owners bury expenses within their business, complete the divorce proceedings, day to day financial decisions, divorce and finance, Examine all beneficiary designations during divorce, Financial Institutions, Gen X & Y Financial Advice, get their financial house in order, household items, how to secure and maintain your own financial independence, If you own a business get it valued by someone you trust, important things you should do before you get divorced, Insurance Policies, Iras, limiting your discretionary spending, Make copies of all financial records and statements, nagging financial problems from divorce, Obtain a credit report on yourself and your spouse, oXYGen Financial, Personal Finance 101, Prepare for legal costs of getting divorced, smart money moves for divorce, Ted Jenkin, title on accounts, Watch the spending and keep the debt down, When divorce happens Comments 3

Divorce is never an easy thing to go through no matter what time in life this may happen to you.  The trauma that it may create for you, your children, and other family members may make day to day financial decisions go to the bottom of the pile.   Many people wait to try to get their financial house in order after they complete the divorce proceedings.  Having seen people go through divorces over the past 20 years, I’ve come up with six important things you should do before you get divorced.   By making these smart money moves, you can get your new financial situation off to the right start and not be left with tons of nagging financial problems from the divorce. 1. Watch the spending and keep the debt down–  Most of the time, the discretionary cash flow you have in your personal situation will tend to decrease after the divorce due to child support or decreased personal income.   ...

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