Tracy Coenen is here for a solo session about the financial challenges women face after divorce, and she provides steps to regain their financial stability. She’s got a five-step action plan for “getting your money mojo back” after divorce that includes:
- Plan your income
- Make a spending plan
- Save for future needs and wants
- Save for retirement
- Create financial security
It is important to think about your income in the long-term. The job you have today doesn’t have to be the job you have a year from now or 5 years from now. You must also think ahead to the time when child support and spousal support payments will stop. Don’t be caught off-guard!
Divorce often leads to a decrease in income and an increase in expenses, making financial recovery challenging. But planning your income and considering your family’s future financial needs is crucial for long-term financial stability.
Protect yourself financially during and after divorce with the tools and strategies in this mini-course: https://www.divorcemoneyguide.com/protect
