Meeting Your Future Expenses
Ensuring adequate cash flow after divorce is a necessity. It is also one of the elements of divorce that causes uncertainty in the minds of the former spouses – “how will I be able to provide for myself and my kids?”
If your Minnesota divorce utilizes the collaborative process, you will have the benefit of working with a Financial Specialist who can help you get a handle on your expenses, both current and future, so that you can move forward with confidence.
Budgeting is Key
Creating a detailed budget for each home, along with understanding how to maximize after-tax income, can help families avoid unexpected complications while transitioning into two homes. Your Financial Specialist can guide you in considering the whole picture of your financial reality:
• How much house can I afford on my income? Should I buy or rent?
• Can I still afford to have my children participate in sports like hockey?
• How will future employment for either or both parents affect the cost of child care?
• How will child support and spousal support affect my situation?
• Should I change my retirement contributions?
After divorce, no one wants increased anxiety over monthly expenses. Located in Edina, Collaborative Divorce Minnesota helps people across the state prepare for their new realities. Call 952-405-2015 or send us a message using the form on our contact page to get in touch with our professionals.