My Divorce Transformed My Relationship With Money in the Best Way: ‘Literally Never Felt Better.’
It’s a story that experts hear often enough. Nearly 40% to 50% of married couples in the United States may end up divorced, according to the American Psychological Association (APA)—with money squabbles being one of the most common reasons marriages come to an end, only second to infidelity. And though divorce tends, at least initially, to harm your finances—one study found that women’s household income plunges 41% after a divorce, almost twice the size of men’s income decline—for some people it pushes them to take control of their finances
“My first recommendation is to involve a financial expert to assist you in learning about your money, your spending and your savings,” says NYC-based matrimonial law attorney Jacqueline Newman.