Money can be one of the most contentious aspects of an Illinois divorce case. Yet, when divorcing parties know how to effectively manage their own money during the process (instead of simply waiting on their settlement to get their financial life in order), the proceedings tend to be less stressful for everyone involved. Learn more about how you can start to improve your financial life, today, before you even begin your divorce, and discover how our seasoned attorneys can assist you with the process in the following sections.
Create a Budget and Spending Plan
The first step to starting your new life is knowing what you own, what you make, and what you must spend. This information can all be obtained and understood with a budget and spending plan. These financial tools can also cue you into any potential problems that may be looming on the horizon.
Know Where You Stand, Credit-Wise
Financial security requires you to look at more than just your income and expenditures; to create true hope for your future, it is important to also know where you stand with your credit. Not only is it the key to forging your new life, but it is also a tool that your ex can use to sabotage your future. Pull it before you file, monitor it during the process, and if you need help to get things back on track, contact a financial advisor for guidance and assistance.