Schembs Law
Your Case Could Go To Trial. Shouldn't You Have A Trial Lawyer?
Call 317-643-6266 Today

The divorced person's financial reality

If you are like many divorced or divorcing people in Indiana, you are aware that your financial situation is likely to be quite different after your divorce than it was while you were married. All of a sudden, two households must be supported on the same income amount that supported only one before. On top of that, you might be ordered to pay child support or spousal support every month. As much as you might want to join your friends for an evening out, you can feel pulled to stay in because you cannot afford the luxuries of going out as often as you used to.

These are just some of the realities that may contribute to why many divorced people avoid talking about their financial matters with friends or family members. According to a CNBC Invest in You and Acorn Savings Survey, more than half of all respondents who have been divorced indicated that they do not share details of their financial situation with others. It is believed that a feeling of shame or embarrassment may contribute to this.

While some discretion can be useful when choosing what to say to whom, it can be valuable for divorced people to find trusted people to share some details with. This may allow them to get support that can direct them positively for the future. 

If you would like to learn more about how you might best be able to get the support you need to effectively manage your monthly budget after you have gotten divorced, please feel free to visit the post-divorce financial strategies page of our Indiana family law website.

No Comments

Leave a comment
Comment Information

Client Testimonials

  • My husband and I have a 12 year old grandson whose academics and social needs were being neglected. We turned to Schembs Law & Associates to help preserve our grandsons rights. With Schembs & Associates leadership and guidanceā€¦ Grandparent Rights
| Email Us For A Response

One Step At A Time

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Robert Schembs
22 E. Washington Street
Suite 610
Indianapolis, IN 46204

Phone: 317-643-6266
Fax: 317-536-0651
Map & Directions