Month: December 2019

New Year Financial Checklist

Going into a new year after a divorce is often a time for personal self-reflection. However, you’ll also want to look at other areas of your life as well, such as your finances. That’s why it’s a good idea to make a new year financial checklist. Having this list will let you get a head start on planning out the new year…

New Year Financial Checklist

Set your goals

A good way to start off a new year financial checklist is with some goals. In fact, people who set definitive resolutions are much more likely to actually achieve them. Therefore, it’s helpful to set for yourself specific short- and long-term goals that you want to reach in the new year.

Now, just saying “I want to save money” isn’t specific enough. How much do you want to save, and in what kind of time frame? Or, do you want to pay off debts in a certain amount of time? Goals like these are good and specific, and will provide a good sense of accomplishment when you achieve them.

Check your credit

Credit is also a very important part of your finances. As a result, it should also be a part of your new year financial checklist. Your credit will influence a whole host of things, from car payment plans to potential apartment leases. Due to this, you want to get it or keep it in good shape.

One good way to do this is to watch your credit card usage. Try to only use it for things you normally need to buy anyways, like gas or groceries. That way, you don’t use it for expensive things you don’t need that will put you into debt. A steady stream of paying off these kinds of credit card charges can help get your credit moving in the right direction.

Track your spending habits

A problem many people run into is spending more money than they expect. Even when they’re trying to save up, they may struggle to figure out what’s running up costs. That’s why you should also include tracking your spending habits in your new year financial checklist, to avoid this issue.

Keeping an eye on your spending will help you see what’s costing you the most. That way, you can cut down on or remove some expenses. One good way to do this is through a budget. These days, there’s plenty of apps and programs which will help you set up a good budget to reach your goals.

Blended Family Holiday Plans

Blending together different families after remarrying isn’t always easy. In fact, it can seem especially difficult during the holidays. However, making your blended family holiday plans successful isn’t impossible. In fact, it’s something you can do with a little bit of proper focus…

Blended Family Holiday Plans

Watch expectations

Expectations can be a problem for blended family holiday plans. Everyone has an “ideal” holiday situation in their heads. Often times, this is based off of what we see or hear in movies or other media. Still, you can’t base your real-life plans off of those found in fiction.

The thing is, you can’t set those expectations too high. After all, this holiday season is all about helping everyone adjust. Therefore, keep your expectations and your plans simple. Figure out what’s really important to you and everyone else, and base your plans on that.

Work together

Blended family holiday plans also end up being much better when you and your partner work together. Even if you’ve been married for a few months, you still won’t know their kids as well as they do. This of course also applies on their end as well. As a result, you should work together to make your plans.

By working together, you can develop your plan to be fit each of your kids. Plus, this can also help them feel more like a family. By spending time with each other, and everyone being able to do things they enjoy, you’ll create that good, holiday spirit. This will also improve the bond between you and your new family members.

Traditions, new & old

Don’t forget about traditions while making your blended family holiday plans. Traditions are an important part of the holiday for many people. If you know your kids, or your partner’s kids, have traditions they like, then be sure to include them.

Also, this is a great time to create some new traditions too. These new traditions are something that can be unique to your new, blended family. There’s a wide variety of traditions you can try and use with your family. You can also make your own special traditions with the help of your kids!

Post-Divorce Burnout

It isn’t always easy to adjust to a new life after a divorce. As a result, sometimes people will throw themselves into things like work. However, this can easily result in post-divorce burnout. That’s why it’s best to avoid taking this route…

Post-Divorce Burnout

The problem with burnout

The problems with post-divorce burnout are very similar to those of any other type of burnout. In general, it occurs when someone decides to use their work as an escape from the grief of their divorce. By focusing themselves solely on their work, they think they can distract themselves from those negative feelings.

However, no matter how much work you do, you can only avoid those feelings for so long. In fact, the more work you do, the longer those emotions will simmer and get worse. Eventually, you’ll reach your point of burnout, and all those emotions and more will rise to the surface, usually in a not-so-pretty way.

Accepting your emotions

In order to avoid this post-divorce burnout, you can’t avoid those sad feelings from your divorce. Rather, you need to take the time to confront and accept them. By acknowledging these feelings, you will get yourself through the grieving process, and can start to move forwards.

Usually, many people will actually take time away from work to do this. Still, there’s plenty of other ways you can give yourself some time to process these emotions. Maybe you meet with a therapist, or write your thoughts down in a journal. Whatever you chose, the important thing is getting those emotions out there.

Watch your workload

Another part of avoiding post-divorce burnout is watching your workload. There’s going to be a lot of things you’ll need to take care of after your divorce. Maybe you’re moving, or you have to adjust to being a single parent. When this happens, you need to be careful you aren’t pushing yourself too hard.

Taking on too much work can lead to burnout, even if you’re processing those emotions. Therefore, try to watch how much work you take on. Try to talk to your boss about what’s going on, and how you might need a bit of a limited workload for a short period of time. Many times, they’re understanding and willing to help you out.

Financial Changes: How To Cope

Seeing your financial situation change after divorce can be quite difficult. These financial changes can really impact your plans for your post-divorce life. However, there are some ways you can cope with these changes…

Financial Changes: How To Cope

Save ahead of time

A good way to handle potential financial changes is to save up ahead of time. Depending on how your divorce goes, the cost can quickly add up. Plus, it’s hard to tell how long a divorce will take until you really start it. Therefore, you’ll want to have some extra money saved up in advance.

Saving up these extra funds can help in a few ways. For starters, it’ll help you cover any unexpected costs or fees which pop up during the process. Also, it’ll let you get a head-start on preparing your post-divorce finances. Even just saving a few extra dollars here and there can really add up and help you out.

Set up a budget

Budgets are also handy for handling financial changes. Suddenly going from a two-income home to a single-income home can really be a shock. Still, it’s helpful to try and anticipate these changes ahead of time. A good budget can really be of use when it comes to coping with these potential changes.

A good way to try and split your budget is into needs, wants, and savings. Your needs are things you have to spend money on, such as food or bills. Your wants are more optional things, like shopping urges or other similar activities. Lastly, your savings are exactly that: money you put away and save up. Looking over these three categories can help you structure your budget accordingly.

Use some outside help

Sometimes, these financial changes can be very overwhelming. When this happens, you might struggle to figure out what to do. However, the thing is you don’t need to go it alone. In fact, you can make use of some outside help.

Talking to a financial advisor can help you better understand your finances. They can help break things down for you, and show you where things can be changed, saved, or worked on. These advisors are especially handy if you have a lot of debt which you’re unsure about how to approach.