Do you know what women fear most during and in the months following a divorce? Money issues. This highlights how important it is for women to have good, sound financial guidance during and after a divorce. Women in transition need support from financial professionals who truly care and seek to empower women to take control of their own financial reins. It is essential to find someone you trust to work with that understands how your mindset around money impacts current and future financial decisions. It is vital that financial advice be uniquely catered to each individual situation as there are key mile markers during the divorce process to consider.
To build a new financial future, it is helpful to start by visualizing a road map of where you are now and where you would like to be as smart financial planning means having money for the life you want to live. What would that look like for you tomorrow, next month, 10, 20, or 30 years down the road? You could do this by journaling as oftentimes jotting down your thoughts and organizing them at a later date can help generate a definitive focus. For some, creating an online Pinterest board of inspirational, motivational or “someday” dream items is like the scrapbooks of yore and allow us to “see” what feeds our soul and defines our passions.
For many, being forced to manage money alone can be a daunting task. Learning how to do it is like any other skill, it takes practice and more practice but in time confidence will grow.
Even if you have taken a step back and are struggling, you have the power to set a new target and forge ahead. With planning, discipline and support from a strong team of advisors and mentors you can and will get there. Don’t let yourself play the role of the victim and say “woe is me” because you CAN navigate all the decisions and emotions and get back on track.
Many things in life we cannot tackle by ourselves as navigating divorce certainly isn’t (and shouldn’t be) a DIY project. We make things more difficult by not reaching out. It is perfectly okay to ask for help, it is a strength to do so. So trust your gut, seek knowledge to overcome and enlist support to help you find that mindset that will jettison you to the place (wherever that might be for you) of financial peace. The Women’s Financial Wellness Center is at the ready and willing and waiting to serve you in your time of need and renewal.
If I can help one woman think differently about her relationship with money, I have empowered her for a lifetime.