You can expect to have less money after you split, but you may also have less money anxiety.
While not true for everyone, a recent survey conducted by Francis Financial found that even with an average of a 33% decrease in income after divorce, many women felt more contentment and less anxiety about money. In some cases, it was because they had been married to spouses with erratic or impulsive spending habits. In others, it was simply because they felt like they had clarity about their finances for the first time since they’d been married. Divorce forces us out of what divorce financial expert Michelle Smith likes to call a “money coma.” There is nothing like a split to make us focus on the realities of money and our future financial security. Given that we all hope to live long lives, that can only be a good thing.
[Photo via @sloanestreetsw1]
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