Rebuilding your finances after Divorce.
With divorce rates as high as they are discussing how you rebuild your finances after divorce is a topic that bears writing about. Divorce is a separation of family and it’s emotional bonds not to mention the financial assets acquired during the relationship.
According to a recent TD survey things are more complicated than ever in Divorce.
• 68 per cent of Canadians in a serious relationship have a joint bank account
• 64 per cent have a shared financial plan
• 52 per cent have a joint credit card
• 72 per cent own a home together
Divorce in Canada can take longer than two years. Nearly a quarter of all divorce proceedings do, which makes it increasingly crucial for newly-single Canadians to regain financial stability as soon as possible after a split. It’s also most important not to take on debt if possible.
Filed under: Events and Activities, Family Times, Your Money | Tagged: Divorce, litigation, mediation, rebuilding credit after divorce, Rebuilding Finances, RESP, Supprt payments | Leave a comment »