Divorce poses many difficulties, but one of the most significant is the expense involved. According to Forbes, your divorce could cost tens of thousands of dollars, and it is easy to underestimate the cost at the start of the process.
Fortunately, there are things you can do to lower the costs associated with your divorce. This two-part blog explores the different cost-saving options available to you.
Work through your emotions regarding property division
The things you own jointly with your spouse may have sentimental value, which can bring up a lot of emotions when it comes to property division. Working through these emotions, with the help of a counselor if necessary, can help you divide household items with your spouse more efficiently, which can save time and money.
Organize your own financial records
If you can sort through and organize your financial records yourself, instead of paying someone else to do it, you can save a lot of money. You should gather bank and credit card statements, pay stubs and tax returns going back at least three years, and if you can obtain electronic records instead of hard copies, that is even more helpful.
Divorce can be overwhelming, and you may need help to determine what you need to do and where you need to begin. Nevertheless, the more legwork you can handle yourself, the more money you can save on your divorce, which will serve you well afterward when you and your ex have to support two households on the same income.
