Let’s face it — divorce can be expensive. With adjusting to one income, separating assets, and legal fees, it adds up. While it can be relieving to end a troublesome marriage, it also leaves people stressed about their finances. Luckily, all hope isn’t lost — there are financial benefits to divorce.
You Get to Spend Your Money How YOU Want
Money issues can cause serious conflict in a marriage and can drive a couple to get a divorce. Once you get divorced, you don’t have to worry about the spending habits of your spouse nor how your own impacts the family budget.
Budgeting for one person is a lot easier than two, and you don’t have to consider how it affects your family’s finances. You’ll spend less on groceries, evenings out, and gifts for your spouse. This could save you thousands of dollars every year, which also means you have more money to either save or maybe even splurge on something for yourself that you normally wouldn’t buy.
KonMari Your Life
Following a divorce, it’s the perfect time to go through your belongings and assets to determine if you want to keep all of it. Have furniture your ex picked out? A certain item that serves as painful reminders of your marriage? Don’t want your wedding ring anymore? Sell it!
This is your fresh start. Get rid of anything that doesn’t bring “spark joy” ala Marie Kondo’s KonMari method. There are two benefits to doing this — for one, you’re cleansing yourself of your marriage by getting rid of anything that you find unpleasant. Thus, helping you with the healing process of your divorce, which truly allows you to start over however you want. This alone is reason enough to want to get rid of unnecessary possessions in your life, but you get the added bonus of being able to make some extra cash on the side.
Get Your Dream Job
Speaking of fresh starts, now could be a good time to focus on your career goals. After a divorce, it’s common to feel lost and unsure of what you want, but focusing on your “dream job” can provide a much-needed distraction. Plus, no one is stopping you from doing what you want!
If you like where you currently work, consider developing a plan with your boss that could lead to a promotion or additional opportunities to really go above and beyond in your work.
If you don’t like your current job, now you have time to put your energy into exploring your career options. Look for jobs that better align with your goals or similar opportunities that have better benefits and pay to support you and your family.
If you haven’t worked a day in your life, that’s okay too, but depending on if you are receiving alimony and if you are, your specific alimony agreement, you’ll likely have to look into a job. Maybe this means going back to school or taking professional development classes to gain the skills you need to work. In either case, you are in control of the situation and you can explore options that make you happy.
Additionally, if you have a hobby or talent, think about trying to turn it into a potential career. This goes for everyone, regardless of whether you currently work on not. For example, online businesses are soaring right now, so if you have a craft that you like, consider pursuing a side gig and selling your goods or services online. Who knows, maybe it could even turn into a full-time career like this 23-year-old girl did.
The Glass is Half Full
Remember, when you are happy, everything else will fall into place. If you are struggling with your finances, it might be worthwhile to seek the assistance of a financial advisor to help you get on track to being self-supporting. Financial matters can be cause for extreme stress and uncertainty, but at the end of the day, putting yourself first and taking space to find your own happiness pays in more ways than one.
If you need assistance with divorce matters, call Griffith, Young & Lass today at 858-951-1526 to speak to one of our lawyers.