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Divorce can break apart your life, but to be able to deal effectively with it, you must have control over your money. Here's a look at how to rebuild finances after divorce.
Divorce can break apart your life, but to be able to deal effectively with it, you must have control over your money. Here’s a look at how to rebuild finances after divorce.
Undoubtedly Divorce is one of most difficult decisions to make or accept in life. Am sure unless one believed that it was a hopeless situation, one would not want to make this choice.
Bitter, angry, sad, confused, are probably some of the emotions that could describe you during this phase. Further, post-divorce, you could feel disoriented and confused, added to this are the various questions, suggestions coming your way (mostly unasked for) from friends and family.
So as you deal with issues like social acceptance, roller coaster emotions, challenges of a new life, children’s future, etc. you see your confidence eroding.
Slowly but surely you have to start picking up the pieces of your life, make peace with your past and move on. And I believe that one of the most important piece is finance.
You have bills to pay, plan for children’s (if any) future (even if the spouse takes care of it) and save for yourself.
This is one aspect in which you must take complete charge of yourself. Initially it may seem daunting and overwhelming, especially if you have not handled it before. But it’s not difficult, take it step-by-step, learning as you go, and it’s likely you will find – as most women do – that it’s empowering to make financial decisions and to be the one who’s in control of your financial portfolio.
Taking the help of a financial advisor could make the process easier, as they can not only put in a roadmap for you but also guide you through the journey.
However you would definitely need to do the following things to get on track.
Once you have sorted out all the above, you have built a strong financial foundation for yourself. At this stage your financial advisor can help you prepare a financial plan based on your goals, objectives, income etc.
Now all you have to do is stay on course, stay focused, and stay positive. As you keep achieving your goals, you will be able to reclaim your lost confidence as well.
Published here earlier.
Image source: shutterstock
I have been in the finance and investment field for the last 15 years. I believe that women empowerment is incomplete without knowing how to handle your money. I educate women about money, finance and read more...
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People say that women are the greatest enemies of women. I vehemently disagree. It is the patriarchal mindset that makes women believe in the wrong ideology.
The entire world celebrates International Women’s Day on March 8, 2024. It should be a joyful day, but unfortunately, not all women are entitled to this privilege, as violence against women is at its peak. The experience of oppression pushes many women to choose freedom. As far as patriotism is concerned, feminism is not a cup of tea in this society.
What happens when a woman decides to stand up for herself? Does this world easily accept the decisions of women in this society? What inspires them to be free of the clutches of the oppression that women have faced for ages? Most of the time, women do not get the chance to decide for themselves. Their lives are always at the mercy of someone, which can be their parents, siblings, husband, or children.
In some cases, women do not feel the need to make any decisions. They are taught to obey the patriarchal system, which makes them believe that they are right. In my family, I was never taught to make decisions on my own. It was always my parents who bought dresses and all that I needed.
14 years after her last feature film Dhobi Ghat, storyteller extraordinaire comes up with her new film, Laapataa Ladies, a must watch.
*Some spoilers alert*
Every religion around the world dictates terms to women. The onus is always on women to be ‘modest’ and cover their faces and bodies so men can’t be “tempted”, rather than on men to keep their eyes where they belong and behave like civilized beings. So much so that even rape has been excused on the grounds of women eating chowmein or ‘men will be men’. I think the best Hindi movie retort to this unwanted advice on ‘akeli ladki khuli tijori ki tarah hoti hai’ (an alone woman is like an open jewellery box) came from Geet in Jab We Met – Kya aap gyan dene ke paise lete hain kyonki chillar nahin hain mere paas.
The premise of Laapataa Ladies is beautifully simple – two brides clad in the ghunghat that covers their identity get mixed up on a train. Within this Russian Doll, you get a comedy of errors, a story of getting lost, a commentary on patriarchy’s attitude towards women, a mystery, and a tale of finding oneself, all in one. Done with a mostly light touch that has you laughing and nodding along.
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