After deciding to end your marriage, you have a lot of ground to cover and decisions to make. For instance, how much should you budget for your marital split and post-divorce life?
Forbes explores ways to reduce divorce costs. You do not have to start the next chapter of your life in debt.
Mediate your divorce
Rather than divorcing through court, you and your current spouse may save money by choosing mediation. The alternative dispute resolution process lets you and your partner collaborate with a neutral third party to create a divorce agreement. Mediation works most favorably when parties enter the process with a willingness to compromise.
Do not confuse your attorney for a mental health specialist
While going through a tough time, you may rely on your attorney for more than legal matters. Remember that attorneys specialize in the law, not mental health. Talking with your legal representative about your thoughts and emotions surrounding divorce only runs up your bill.
Divide your household yourself
If you and your soon-to-be-former spouse get along, consider splitting your household yourselves. Decide who gets items like furniture, dishes and lamps. For items you argue over, think about the true source of conflict. You could have unresolved emotions tied up in the object that you need to work out.
Appraise your property yourself
Before hiring a professional to determine your marital home’s or a shared vehicle’s value, see whether you may handle the task yourself. A quick online search could reveal a vehicle’s current value. A realtor may offer a comparative market analysis of your residential property.
You need not feel you cannot complete a divorce without financial help. Financial insights about divorce could serve you and your wallet better.