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The financial meltdown that the many people have been recovering from over the past few years has opened the eyes of many Americans regarding their own personal financial situation. It is now harder to get a loan, and many people have lost their homes and jobs.
Getting a divorce during a time of economic uncertainty means it is even more important that people in Lansing understand their own personal finances. This will greatly help them during the divorce, and after it is final.
When people go through a divorce in Lansing, it is helpful that they prioritize their financial concerns. Some financial things to consider during and after a divorce include:
- Not arguing with your ex spouse about property that is mostly meaningless. If there is now sentimental value and it won’t cost much to replace, is the stress of arguing about it worth it?
- Using your credit cards can get you into trouble. If you have to use them, make sure you are paying off your balance on time. Charging purchases with no regard as to how you will pay them after the divorce could be a financial disaster.
- Don’t default on your mortgage or miss your rent payments. It is important to maintain the house over your head when you are going through a divorce.
While these points can be helpful, it is important to discuss your situation with your attorney. They can understand your unique situation and recommend a timeline and how the divorce process works.
Source: The Huffington Post, “Top 5 Ways to Ensure Financial Security During your Divorce,” Bredan Lyle, April 23, 2012