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Tips for overcoming divorce-related financial trauma

On Behalf of | Jan 5, 2022 | Divorce |

Getting divorced in Missouri can be just as traumatic financially as it can be emotionally. However, it is possible to bounce back from the financial blow that divorce can deal. Here are a couple of tips for working through the financial trauma brought about by a marital dissolution. 

Addressing monetary beliefs and actions 

People’s monetary beliefs influence how they manage, save and spend their money. For this reason, it is wise for divorcing individuals to explore their financial beliefs and the sources of those beliefs. For instance, some people believe that money represents power, is their source of security or validation, or is scarce due to their upbringings.  

These divorcing parties can then begin to examine whether any of these truths are false and what they may want to change moving forward to achieve better financial outcomes. For example, they might resolve to save more money for the future, rather than spending so much money on items that make them feel validated in other people’s eyes. Setting aside just a handful of dollars each month may have a major impact on how they view their money and even themselves. 

How an attorney can help 

No aspect of divorce is simple, especially when it comes to finances. However, an attorney in Missouri can provide a divorcing individual with the guidance needed to make educated decisions regarding property division and other financial divorce matters, like child support and spousal support. The attorney’s chief aim is to achieve a just and comprehensive outcome on behalf of his or her client. 

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