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​How to overcome the top 3 financial fears after divorce

Tuesday, 17th November 2015

The paperwork is signed, finances divided and you're about to start again - welcome to life post divorce.

It's incredibly stressful, especially when there are children involved.

There are often many decisions to be made of huge significance and the pressure can be immense.

People can experience overwhelming financial fears, but with the right steps they can get back on their feet in no time.

I will run out of money

Meeting the expenses associated with divorce can make your bank account feel as though it's travelling in one direction only.

Instead of watching your savings whittle away, take charge immediately with a budget. You will know what's due to come in, go out and what might look at hanging around a while - money that can be funnelled off into savings.

I don't have enough superannuation

Even with divorce looming over you, a less than ideal super balance is a problem for many Australians. It's time to see a financial planner and talk about your financial future. Strategic steps will get you back on track and give you something to work towards.

I was taken to the cleaners

While this may well seem to be the case, it's time to move forward. The worst has happened, but all the hopes, dreams and opportunities you once enjoyed will be there for you again. Take a break - even just a weekend away if you can't afford more time off - and commit to renewal. A change in attitude can be just the thing to get your life moving again.