If you are like a lot of people who get divorced in California, you might be hesitant to disclose too many details about your divorce. The end of a marriage can be an emotionally challenging time and can leave individuals feeling embarrassed, even if they have really done nothing wrong. While it can be wise to avoid airing your dirty laundry just anywhere, it can also be helpful to find the right outlets with whom to share some details so that you can receive the level of support and guidance you might need or benefit from.
A CNBC Invest in You and Acorn Savings Survey found that money in particular was one topic that divorced people were more hesitant to discuss than their married or single but not divorced counterparts. Among all respondents, just over 25% of people said they did not talk to others about their finances. Among divorced respondents, however, that was much higher at 56%.
A post-divorce budget can be a lot tighter than what a person may have been used to while married, thus leading to a feeling of shame that makes a person want to avoid talking about money. Finding a qualified and trusted professional to review income and expenses with can facilitate the development of a realistic budget.
If you would like to learn more about how to manage your financial situation and get help if you need to find a new strategy for managing money after your divorce, please feel free to visit the post-marital dissolution budget page of our California family law website.