Managing your money after divorce

Many men and women find themselves in debt after divorce.  If you didn't have much money when you were married, half of not very much is even less but with a bit of discipline you can sort yourself out.

Divorced and desperate for some credit to ease the purse strings since your divorce? What can you do if you have financial problems after divorce and need to borrow some money?

When times are hard financially during your life after divorce it can be a temptation to flash the plastic but used sensibly credit cards can work to your advantage.

Before undertaking any commitment to borrowing money in your life after divorce you must be realistic about how you will manage repayments.  If interest rates increase or you lose your job you may find yourself in difficulties.

The benefits system exists as a safety net if times are hard since your divorce but it is no substitute for a job and the self respect that comes from earning your own living, however modest. .

Cutting back on spending if finance after divorce is tight does not mean that you will starve or have to walk around dressed like a bag lady or a tramp but does mean that you must stick to a carefully thought out budget. 

One third of those in the process of divorce say they have had to move into a smaller property or cannot afford to buy at all. With the current problems in the property market this may now be even more difficult. 

Ancillary relief and the financial implications of divorce. Getting divorced can have serious economic consequences for those concerned and those consequences can have long lasting effects.