Meet The Johnsons: and Find Out What It Means to be Financially Divorced

When Andrew and Janet divorced last year, they knew it would take time to learn how to support their respective and independent needs on one income. Unfortunately for Andrew, it took longer than he thought.

When Andrew and Janet were married, Andrew provided a healthy income to the family. However, Janet was the breadwinner. It was her income that mainly supported the family.

Once on his own, Andrew had to reestablish the financial aspects of his life, including:

  • • Personal expenses
  • • Car and home insurance
  • • His own mortgage
  • • Utilities
  • • Cable bills

Andrew had begun to realize how unappreciative he was of Janet’s income during their marriage. Being divorced, he realized, was going to cost him a lot more money than he anticipated.

Andrew began to work more shifts at work in order to keep up with the monthly bills and other unexpected expenses incurred due to his new living situation. By working more, Andrew had less time to spend with his children. For the first time, he became overwhelmed with trying to balance his finances and his personal life. He was unsure of what to do next.

Getting Back on Track

Andrew consulted with his lawyer. The lawyer recommended that he seek help from a financial planner. A planner could assist in creating a budget based on Andrew’s new financial circumstances. After seeking financial advice, Andrew had to make adjustments to his lifestyle so that he could live within his means and still make time to see his children.

Andrew didn’t realize how expensive his new life would be after the divorce. But because he sought help, he now has a plan for the future.

Life changes can bring financial complications, but there are quite a few resources for people who need help with their money. Learn more about the Family Support Expo and how we can help.

Do you or someone in your family suffer from financial issues due to separation or divorce? What has helped you? Share your thoughts and questions in the comment section below. And don’t forget to tweet and like this post if you found it useful.

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Leave a Reply

Family Support Blog
Stay Connnected