Kimberly Palmer: Taking these financial steps could help post-divorce recovery
While getting divorced can be emotionally and financially overwhelming, financial experts say focusing on a post-divorce plan for your money can contribute to overall recovery
Jamie Lima remembers his divorce six years ago as one of the most emotionally draining and financially challenging experiences of his life. As a result, he resolved to use his professional background as a certified financial planner to help other people going through similar situations.
“I want to make sure other people don’t step on the same land mines and be an advocate for them,” says Lima, founder of the Ramona, California-based Allegiant Divorce Solutions, a financial planning company that helps people going through divorce.
While the financial aspect of divorce is often overshadowed by the emotional impact, rebuilding finances after the dissolution of a marriage can be an integral part of overall recovery. Lima and other financial experts recommend following these steps to navigate the financial challenges post-divorce:
ADJUST TO YOUR NEW CASH FLOW
