Get Your Money Mojo Back After Di...
Get Your Money Mojo Back After Divorce
Love and Money Podcast by Money Guide LLC
Nov 5, 2024
23:43
Episode notes

Tracy Coenen is here for a solo session about the financial challenges women face after divorce, and she provides steps to regain their financial stability. She's got a five-step action plan for "getting your money mojo back" after divorce that includes:

  • Plan your income
  • Make a spending plan
  • Save for future needs and wants
  • Save for retirement
  • Create financial security

It is important to think about your income in the long-term. The job you have today doesn't have to be the job you have a year from now or 5 years from now. You must also think ahead to the time when child support and spousal support payments will stop. Don't be caught off-guard!

Divorce often leads to a decrease in income and an increase in expenses, making financial recovery challenging. But planning your income ...