We haven’t done a Money Milestone series in a while, in part because I’ve been a bit trepidatious about this one. I keep reading that divorce can decimate your finances, and there are numerous things you should do in advance of, during, and after a divorce. However: I’m happily married (knock on wood). I still think this is important for us to talk about here, both for readers who may be thinking about a divorce or going through one. So let’s do this as an open thread (anonymous as always) — ladies who’ve been divorced (or seriously investigated getting one), please speak up. What are your best tips for financially surviving a divorce? What would you do differently with your finances during the marriage, if anything — and when would you have done it? What resources can you recommend, either on the finances side or otherwise?
In this Money Milestone series, we’ve done grad school, weddings, home buying, and planning for a baby. In terms of money and relationships, in the past we’ve also talked about pre-nups, shared accounts, married money management, dating someone with less money, dating a fellow busy overachiever, and more.