1 Reply Latest reply on Jul 6, 2017 3:46 PM by Shelly Eweka

    After the Judgement of Divorce, what are the immediate steps to take for financial security

    Talluto

      After the Judgement of Divorce, what are the immediate steps to take to help with financial security?

        • Re: After the Judgement of Divorce, what are the immediate steps to take for financial security
          Shelly Eweka

          Some immediate financial steps you should take are:

           

          1. Review your net worth – take a picture of what you own vs. what you owe.  This will help
            you understand where you are financially.
          2. Review your budget – This will help you make sure you are managing your expenses per your income.
          3. Review your risk management strategy– life insurance, home, automobile, umbrella, health care, etc.
          4. Review your financial goals – retirement, paying for college, paying off debt, etc.
          5. Make sure you have an emergency fund set up.

           

          Don’t think you have to do all of this by yourself, get assistance from your financial advisor or use the resources available on this website.