Financial Issues People Face After A Broken Marriage

Financial Issues People Face After A Broken Marriage

ByKori
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A broken marriage is an emotionally challenging experience with far-reaching consequences, including financial issues. Studies indicate that divorcing couples spend at least $7000 on legal fees and other charges. In the aftermath of a broken marriage, you must navigate the complex world of personal finances. It’s essential to know some of the possible money problems that could arise beforehand to enable you to prepare adequately. This article sheds light on some common financial issues after a broken marriage and how to solve them. Financial independence Image Credit   In some marriages, one party is the only breadwinner of the family. Therefore, the unemployed partner often becomes financially strained or burdened when a divorce happens. The problem with transitioning from a joint financial system to individual…

Tips To Allow You To Start Saving

ByKori
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  (Image Source)   If you are not used to saving and putting money aside, it can be difficult to change your habits and build-up savings regularly for a rainy day. Whether you are wanting to build savings to fund buying your first home or wanting to save for your or your children’s future.    You may have even attempted to save before and found yourself disheartened when it didn’t quite go to plan. If you’re not used to it, saving money is a difficult undertaking. That isn’t to suggest that it isn’t doable. You just need to change your spending habits and treat your money differently. Small changes such as compare credit balance and moving your credit to low or zero percent interest can…

How To Feed A Large Family On A Budget

ByKori
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If you find yourself having to feed a large family on a budget, some very simple rules can help you get through dinner time. Let’s take a look. Image Credit 1. Cook Everything From Scratch When you’re cooking for a large family, the more you make from scratch, the less expensive your ingredients will seem. So say goodbye to those mixes and canned goods and hello to flour, sugar, butter, and more. 2. Keep A Price List This might seem like an unnecessary step, but it’s entertaining to watch prices drop as you buy vegetables and spices in bulk. Write down how much each item costs first, and then check back on your list every few weeks as prices change and new sales come out….

5 Signs That You Are All Set For Auto Refinancing

ByKori
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Refinancing auto loans is a popular option for people looking to reset their personal finances. It enables you to lower your monthly payments, reduce your interest burden, or potentially both. The best thing is that auto refinancing is easier than ever, as you can research, compare, and shop online. But like anything else, there’s a right time to avail of this option. Look for the signs that indicate your readiness for auto refinancing instead of doing it on the fly. Here are the indications that you should go ahead.  Your credit has improved Credit score goes a long way in determining the interest rate you pay on your auto loan. A high score makes you a good prospect for lenders, and they will be happy…

Do you spend too much or do you have a spending problem?
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Do you spend too much or do you have a spending problem?

ByKori
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I will confess that I have a problem… if it’s my own money, I’m a cheapskate, a tightwad.. whatever you’d like to call it. But if it’s someone else’s money? Usually I would have no problem spending it. So maybe I used to have that problem, and occasionally it will still rear it’s ugly head. How did I stop this particular problem? By asking myself: Do you spend too much? And it wasn’t just where it concerned my own money, but any money. I started to consider what I had in terms of cash and credit. Cash, for me, had to become real money and credit cards were borrowed money. It was a hard lesson to learn and one that I’ll cover in a future…

How To Improve Your Financial Situation

How To Improve Your Financial Situation

ByKori
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Getting your financial situation in check is always a good thing.  Unfortunately, most people lack the motivation to do so until they are faced with a significant life event such as a financial audit, a divorce, an upcoming wedding, the birth of a child, or a natural disaster.  Unlike the common belief, getting your finances in order isn’t a difficult task. There are a few changes that you can make to your day-to-day life that can have a significant impact on your home finances. Moreover, it doesn’t require that you sacrifice your comfort altogether.  Some of the strategies that can help you improve your financial situation include the following.  Image Credit Assess Where You Are Currently To determine your finances’ end goal, you must first…