Preparing to Leave: Making a Money Plan

When you're thinking about the possibility of divorce, it is important to make a plan for your finances. You may not want the divorce, but if the possibility of divorcing is there, you need to be ready.

Tiffany Grant, a personal finance expert, is this week's guest on my podcast Find Me The Money. She has been through divorce and knows the importance of making a money plan. She was the victim of financial abuse by her husband and wants to help other women avoid the problems she had when it came to money in her divorce. Tiffany is talking with us about having a solid financial plan. It is common to combine finances during marriage, so separating from your husband will involve some financial preparation and strategy.

It took a lot of time for Tiffany to untangle her financial life because she, like many women, went all in on her marriage and combined all finances. If this is you too, don't feel ashamed. This is such a common scenario! 

Making A Money Plan 

Tiffany offers four major tips for making that money plan, and they are all things that she used during her own divorce process to manage her finances. The first step is to start separating your finances!  You need to start having some financial autonomy as soon as possible, and this includes having money that is protected and can only be accessed by you. Step two is to meet with an attorney. They can help you fully grasp your situation and understand the rights in your state.

For the rest of Tiffany's advice on making your money plan, listen to this important episode today.