We've all heard it said that people often struggle financially for months or even years after divorce. For some, this is because it can be hard to find work or simply manage paying bills on a single income. It's this fear of financial ruin that can make even the most unhappy of spouses hesitate to ask for a divorce.
It seems like nowadays, the millennial generation gets blamed for just about everything. Too many adult children living at home with their parents? Blame it on Millennials. The large unemployment rate? Blame it on Millennials. The slump in the economy? Blame it on Millennials.
Emotions can run high when a divorce petition is filed, especially when one party feels betrayed or disrespected. But angry divorcees may lose sight of the fact that they can avoid the bickering, bitterness, and most of all, the astronomical costs that come with breaking up a marriage.
The major problem all start-up businesses face is really a catch-22: Start-ups need hardworking, skilled employees who will help build the company and make it successful. Those employees, in turn, expect to be paid for their work. Unfortunately, cash is almost always low in the beginning phases of a start-up, which forces founders to come up with alternative ways of compensating these early employees.
Divorce may be an emotionally painful time in one's life, but for most people, emotional scars can be healed if their finances are in order. Indeed, money doesn't cure everything, but it can help you choose the problems you can live without. So if you want to begin your post divorce life on good financial footing, the following tips can help.
Most people are familiar with prenuptial agreements, or "prenups," but what about "postnups?" The postnuptial agreement, which is drawn up after a couple marries rather than before, is gaining popularity, largely because it may strengthen the marital bond and give a boost to what the couple once thought of as wedded bliss.
Many of us have heard the phrases "money can't buy happiness" and "With more money comes more problems." These phrases underestimate the power that money actually does have in certain situations, like a divorce.