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Only spend on the necessities when going through a divorce

On Behalf of | Mar 29, 2019 | divorce |

If you have filed for divorce in Kentucky, or are preparing to file for divorce, you need to tighten your belt straps immediately. The excessive spending on items other than the basic necessities has to stop. If you continue to spend on things you truly don’t need while going through a divorce you will upset your spouse and could hurt your chances of having a successful divorce.

Basic necessities include shelter, food, water, clothing and even insurance. Paying for homeowners or renter’s insurance, auto insurance and health insurance should be looked at as protecting oneself and not just spending freely.

You need to stop going out to eat constantly, hanging out at bars, buying toys for your children, going to sporting events and anything else that can’t be considered a necessity. The more you spend money on unnecessary items, the more likely it is that your spouse will ask for more in the divorce.

It’s also important that you refrain from buying a new home or a new car during the divorce process. You also shouldn’t buy expensive artwork or update your sports memorabilia collection. All of these items can wind up being divided during the divorce proceedings.

Going through a divorce is stressful and tiresome. You can make it easier on yourself by tightening your wallet and reducing your spending. Only spend money on the absolute necessities in life, like food, shelter, clothing and other items. The less you spend on frivolous items, the less your spouse will fight for more assets in the divorce.