How to Be Successful with Money during and after Divorce — The Debt Snowball

I have written previously about how to be successful with money after divorce. Now, I’m not going to lie: divorce is a tough thing financially. But tough only means it will be that much sweeter when you succeed.

The key to winning with money during and after divorce is having a plan. If you don’t have a plan, your money will disappear into a magical land called “some other dude’s pocket.”

One of the most successful plans I have found for paying off debt is called “the debt snowball.”

The process behind the debt snowball is you inventory your debts — every single debt — and list them from smallest to largest. Then, you start paying them off in the same order: smallest to largest.

Hopefully, you can see how this system is like a snowball. As a snowball gains momentum rolling down hill, so do you gain momentum paying off your debts in quick succession.

Of course, an integral part of any debt snowball is a written budget. Without a written budget, you’re chance of paying off debt greatly decreases. Just as a written blueprint is necessary to build a skyscraper, a home, or a bungalow, so to is a written blueprint necessary to build a debt-free life.

(My family and I use everydollar.com to create our written budget.)

Once you take charge of your money, consistently create and follow a written monthly budget, and work on your debt snowball, you’ll be amazed at how quickly you can pay off debt.

Commit today that, no matter where you are in your divorce, you will start your debt snowball. If you can only commit $50 per month, do it. Eventually, that $50 will become $100, $200, $500, and more.

Remember: you will succeed with money during and after your divorce.

(Props to Dave Ramsey for the debt snowball principle.)

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Lei was something special. She was very understanding of our situation and her advice and listening ear made our decision and path forward clear. Thank you!

Response from the owner: Adam, you're welcome, and thank you.

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I just got off the phone with Kent and feel very confident in him and the help he has already provided in my case. He listened to and addressed my concerns with kindness and understanding and left me feeling like I'm not just another case, that he really is here to help me.

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Andrew did a great on my case. Communication was consistent, to the point and he kept me well informed. I also had the pleasure working with Clay. Top notch firm, very confident, and I would highly recommend them if you want to win. Thanks again team ~D

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I would hands down suggest Brown Family Law. Nathaniel helped me with my divorce, and he was very knowlegeable and knows his stuff. He helped me file a motion, get somethings changed in the original decree, helped me understand the terms they use, helped me understand how child support is calculated along is all the financial aspects associated with divorce case. He also is very responsive to phone calls and emails which was very helpful whenever I had small questions. Thank you Nathaniel!

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Ryan Burns

I can’t say enough good things about Brown Family Law, but more specifically, my lawyer David Handy and his paralegal Dani. They are kind and honest and always available to me when I’ve needed them! This is such an exhausting time and they alleviated all of my stress by taking control. I could trust the process knowing I was in great hands!!! The entire law firm works as a team to take care of you! I can’t recommend them enough! Thank you!!!

Response from the owner: Ryan, so glad David and Dani served you so well and alleviated your stress.

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They handled my case with the highest degree of professionalism and integrity and made every effort to be efficient and transparent with me throughout the whole process. I was told that they were the best as far as family law is concerned and I believe that praise was fully justified.

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Jonathan Porter

Amber McFee is always professional and great to work with. Being opposing counsel by nature is adversarial, but Amber is professional in approach while effectively advocating for her clients. She will treat you right!

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Devin R

Overall from start to finish the best experience to have dealing with a time that is difficult.Andrew Christensen is very professional and out going to make this situation the best it could be and worked hard to make sure the divorce was fair for me.Over all, this firm really cares and treats you as a family or friend and just not a client, down to Marco Brown taking time to see how I was doing and offer to help in any way possible during my divorce while I was there for my first initial meeting.I would highly recommend anyone that has to go through a divorce to really reach out to the Brown Family Law firm and see for your self the experience I was able to receive from a top notch law firm.

Response from the owner: Devin, thank you for the kind words. Andrew appreciated the opportunity to help you with your situation.

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How to Be Successful with Money during and after Divorce — The Debt Snowball

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