People who get divorced in Massachusetts may feel anxious about being single again, particularly if they haven’t been single for many years or decades. Their anxiety may be especially strong if they don’t feel competent about handling their personal finances following a divorce that involves complex issues such as the division of marital assets. A few tips can help a person going through a divorce to more confidently approach his or her finances going forward.
First, it’s best to sit down and develop a budget that reflects one’s personal expectations and needs following the divorce. The new budget can help a divorcee to remain within his or her financial means. It is wise to remember that a household budget can be updated as a person’s circumstances change as well.