Divorce is one of the most difficult things people have to endure in their lives. And one of the most difficult aspects of divorce is money — there’s never enough of it.
While there are no easy solutions to the issue of money in a divorce, there are systems that can help you and your family weather the storm and eventually be better off than before. To do this, you will need a plan to succeed with money.
The system we’ve found to be the most effective (and the one I use in my home with my family) is Dave Ramsey’s seven baby steps. There are no magic bullets in his system. Instead, success is based on lots of hard work, budgeting, and self-restraint.
The first step is to put together a monthly budget and save for an emergency fund of $1000. The next step is to pay off all debt, then move on to saving for the future. That’s the really watered-down version; there’s much more in this Guide to Budgeting.
Thankfully, you don’t have to reinvent the wheel or prepare your own complicated budgeting forms. Those have already been created. If you like physical budget forms you can put on your fridge, click here. If you want a very user-friendly online budgeting system, try everydollar.com. It’s free, and it saves bundles of time. This is what we use in our home to create our monthly budgets.
We hope this helps you. Remember, even in difficult times like this, you can succeed with money and provide well for yourself and your family.
P.S.: If you are like me and you need to read a book before you can start a new thing, let me suggest “The Total Money Makeover: A Proven Plan for Financial Fitness.”