People who are getting divorced will probably agree with me when I say that money is one of the scariest parts. Some women avoid looking at the finances altogether because it feels too overwhelming or too complicated. But ignoring the numbers will only make things harder later.
Divorce is almost always a financial hit, and the only way to protect yourself is to know your money before you agree to any settlement.
One of the best places to start is with your bank statements.
Bank statements may not be fun to sift through, but they are filled with valuable information about your family’s finances. They show you where the money is coming from, where it’s going, and how much is being saved or spent. If you want to be in control of your financial future, you cannot afford to skip your bank statements.
How to Gather Your Statements
Start by making a list of all accounts you know about. Write down the bank name, the account type (checking, savings, money market, etc.), and whose name is on it. Include not just bank accounts on your account list, but also credit cards, retirement accounts, and investment accounts. Even if you don’t have the account numbers yet or you don’t know any details, jot down what you do know.
If you have online access, download the statements directly. If your name is on the account, you are legally entitled to this information. No online access? Contact the bank and request copies. Aim for at least one year of statements, but if you can get three to five years, even better. Having several years of history makes it easier to see patterns, track spending, and catch anything suspicious.
How to Organize The Statements Without Losing Your Mind
The sheer volume of paperwork can feel intimidating. The key is to break it down into manageable pieces. Separate the statements by account, then put each account in date order, oldest to newest. Once things are in order, the financial picture becomes much clearer.
If you are feeling overwhelmed, don’t be afraid to enlist help. A trusted friend or family member who is comfortable with numbers can help you get the documents sorted and maybe even walk through some of the transactions with you. Having someone by your side makes the process less daunting and gives you support as you take control of your finances.
Why This Step Matters So Much
Bank statements are more than just a record of deposits and withdrawals. They can reveal hidden spending, transfers you didn’t know about, or accounts you weren’t aware of. They may even point you toward assets that your spouse hasn’t disclosed. The details inside those statements can make a huge difference in your divorce settlement.
When you understand your bank statements, you are no longer guessing. You have facts. And those facts give you the power to make better decisions, ask smarter questions, and stand up for yourself when it counts most.
Your Next Step
Gathering and organizing your financial documents is just the beginning. The real game-changer is having a clear strategy that shows you how to use that information to protect yourself and secure your future.
That’s why I created the Divorce STRATEGY Guide. Inside, I walk you through the exact steps to take so you can be smart, be strategic, and win your divorce. It gives you the clarity and confidence you need to make informed choices and walk away with a settlement that sets you up for success.
