divorce can affect both parties financially, studies show that women tend to be
hit harder afterward.
For this reason, if you are a woman, before you finalize your divorce you
need to not only think about your current finances, but your future financial
circumstances as well. Taking the time to review both future and current
finances could save you from sliding down into an economic abyss.
One of the first things you will need to do is create a detailed account
of your cost of living. Don't be afraid to list everything that you
spend money on, even if it seems trivial. Anything from mortgage payments
to children's birthday parties all need to be accounted for.
Even though you may ask for a certain amount of
spousal support or
child support, you need to plan ahead on how much that will actually cover in your daily
life. In some cases, you may need to alter your spending habits radically
as monthly support may not cover all of your expenses.
Do you have questions about divorce and how it may change your financial
circumstances? Get the information you need to be prepared by
contacting Hutchinson Law to speak with one of our Jacksonville family lawyers today.