By Denise French, ABV, EA, CVA/MAFF, CDFA, CRPC
Hi friends, if you’re reading this, you might be feeling a swirl of emotions and uncertainty after your divorce. As a woman and a financial advisor who’s walked this path not only myself, but also with many clients, I truly understand how daunting this chapter can feel. Trust me: you absolutely can regain control, find peace, and build a life you love—one gentle step at a time.
Let’s walk through the most important financial moves you can make, together.
- Take Stock of Your Finances
Before you can plan, you need to know where you stand. Pull together your bank statements, retirement accounts, credit cards, and bills. Jot down what you own (your assets) and what you owe (debts). Note your monthly income and every recurring expense.
This honest snapshot isn’t just paperwork—it’s the starting point for your new financial journey. Let it empower you, not overwhelm you.
- Create a Budget That Supports You
Life after divorce often means rediscovering your priorities. Track your spending for a month, then build a budget around your true needs—housing, groceries, basics, self-care. Remember, a budget is not a set of limits; it’s a map leading you toward financial freedom.
Celebrate each step, no matter how small, because every good choice builds stability.
- Build Your Emergency Fund
The unexpected happens—whether it’s a car repair or a health issue. Aim for an emergency fund of 3–6 months’ expenses tucked safely away. Even if you start with just a little, what matters is continuing. Every dollar builds resilience
- Protect and Update Your Accounts
It’s time to make your financial accounts truly your own:
- Close joint accounts
- Open new checking and savings accounts
- Update beneficiaries (retirement, insurance, investments)
- Change those passwords you shared
Doing this is an act of self-care, ensuring only you have access and control.
- Get a Handle on Credit and Debt
Run a free credit report (from Experian, Equifax, or TransUnion) so you know your score and spot any surprises. If you have leftover debts from your marriage, set up a payment plan. The key is tackling one debt at a time and asking for help if you need it.
- Review Your Insurance
Now is a great time to revisit your insurance—for health, home, car, and life. Make sure your coverage fits your new needs. Sometimes this means raising limits, sometimes simplifying. Being insured is just another way to protect your new independence
- Rethink Retirement and Investments
You might feel nervous about retirement, especially after so many changes. Review your accounts, think about what you want your future to look like, and adjust your investments to match your new goals. Don’t be afraid to ask a trusted advisor for help; it’s what we’re here for. We regularly create investment plans to match your investment time horizon and risk tolerance – which may mean changing where they are now or keeping them the same. We can walk you through this step by step and help you understand what you own and your options.
- Update Legal and Estate Plans
Finally, keeping your will and estate documents current ensures your wishes are honored. Make sure your beneficiary forms reflect your intentions. Protecting your legacy is a gift to yourself and the people you love.
From Me to You: Gentle Encouragement
These steps aren’t about being perfect, they’re about moving forward, honoring yourself, and setting a new foundation. You deserve financial stability and the peace that comes with it. Take one step, then another. Ask for help when you need it. You’re stronger and more capable than you know.
Warmly,
A woman who’s seen many clients blossom after divorce—who believes you will, too.