Splitting up is bad enough, but mismanaging your money will make a bad situation worse. Here are three tips to help you make the right financial decisions during divorce
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Is your divorce or separation creating money problems? Many people find it hard to pay the bills – plus their legal fees – during this difficult time. For example:
• You may have been living on two incomes, but now you’re on your own
• Money may be invested in a house, a property, or a business, and it will take time to get your share
• Your divorce may be complicated, and you’ll be short of cash until you and your ex-spouse reach an agreement.
No matter what happens, be sure that you don’t fall into one of these three common traps.
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