Ending a marriage is a major decision that will ultimately affect all aspects of your life. Once you have time to heal, it will become apparent how all of the changes were for the better; however, before filing, it’s especially common to worry about the financial impact of doing so. Fortunately, a divorce attorney can answer all of your questions on the subject and even offer tips for navigating any challenges that arise in the aftermath. To help you get started, here are just a few ways to regain financial footing after finalizing a divorce. 

How to Establish Your Financial Independence Following a Divorce

1. Enroll in Automatic Bill Pay

It’s incredibly easy to miss critical payments following a divorce because you’re simply not used to covering them. Even if you handled most of the finances during the marriage, chances are there were a few bills your spouse covered. Taking on new financial obligations is also inevitable in the wake of a divorce. To avoid missing any payments and damaging your credit in the process, set up automatic bill pay on all accounts that allow it.

2. Devise a Budget

Creating a budget will make it easier to live within your means. It will also allow you to devise ways to bridge the gap between where you are and where you hope to be. Upon looking at the cold, hard numbers, you can determine precisely where you’re overspending and funnel that money toward achieving some long-term goals. 

3. Meet with a Financial Adviser

A divorce attorney is not the only professional you should turn to for guidance upon ending a marriage. It’s also wise to hire a financial adviser who will help you set attainable goals and then implement actionable strategies for achieving them. In other words, a financial adviser will make your money work for you, instead of the other way around. 

If you need help with family law matters in Missouri, turn to the divorce attorneys at Coyne, Cundiff & Hillemann, P.C. in Lake St. Louis. This general practice firm helps clients throughout St. Charles County navigate complicated legal proceedings and resolve even the most contentious disputes. Their legal team is comprised of three strategic trial attorneys who have more than 75 years of combined experience. In addition to divorce and child custody, they practice criminal defense, personal injury, and traffic law. To request a case review with a divorce attorney on their team, fill out the form on their website or call (636) 561-5599.