It is common for those going through divorce to experience “Bag Lady Syndrome,” including thoughts of scarcity and fear over finances. It’s easy to catastrophize when your foundation is rocked. After all, household income now has to cover two residences, not one. Lifestyles changes are inevitable.
Thinking ahead to plan realistically is smart. Spinning in worry over things that may not come to be is exhausting. Fiscal responsibility involves some anxiety. It’s how you deal with the anxiety that defines the quality of your life. Taking action is the key.
- Step 1: Identify and tackle ONE financial fear at a time. You don’t have to figure everything out today!
- Step 2: Set some goals. Where would you like your income to be in a year? What are your income options? Where can you cut costs?
- Step 3: Secure some financial advice. Talk to several financial advisors as there are lots of different perspectives on money and ways to reach financial objectives.
What can we learn from those happy, wagging dogs who are broke their entire lives? Let’s see….
*Live in the moment * Believe you will get what you need * Enjoy life*
Deirdre Shaffer, MSW, LCSW