Divorce Preparation: BUDGET

By DClement | December 15, 2024

Step One – Prepare a Budget for After Separation

Preparing a divorce or separation budget is one of the most important—and most often overlooked—steps in the divorce preparation process. While it may not be the most enjoyable task, understanding your future needs and expenses will empower you to make informed financial decisions throughout mediation and beyond.

A budget is not about restriction—it’s about clarity. It becomes your roadmap for what life will look like after separation. Knowing your true cost of living can bring peace of mind and confidence as you move forward with the next chapter of your life.

Why Your Post-Separation Budget Matters

During mediation, having an accurate budget helps both of you make realistic decisions about support, housing, and dividing assets. It turns uncertainty into numbers—something you can both work with. And remember, your budget does not have to be perfect. It is meant to evolve as your situation becomes clearer.

How to Get Started

Creating your budget doesn’t have to be complicated. You can:

  • Use a free budgeting app like EveryDollar or Monarch.
  • Download and fill out my Budget Worksheet (below).
  • Gather a few months of bank and credit card statements to get a sense of your actual spending.

A Word of Encouragement

Do not be discouraged by what your numbers show -look at it as data or information. Helping to create a strong, fair settlement plan and a stable foundation for your next chapter.

DOWNLOAD YOUR FREE DIVORCE BUDGET FORM HERE:

BUDGET FORM Download

Questions about divorce or separation?

If you would like more information about the divorce or separation mediation process, please schedule a free chat or a consultation at http://clementmediation.com

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The information provided does not, and is not intended to, constitute legal or financial advice; instead, all information, content, and materials available on this site are for general informational purposes only. No attorney-client relationship is formed, advice from your own attorney or financial professional is encouraged.
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