Top 10 Financial Skills For Adults To Master During Economic Uncertainty

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When faced with challenging periods in your life, it’s a good idea to master these financial skills for adults to help you through.

The ability to survive on a modest income is a skill. However, it’s a skill that could be useful for anyone, especially in these uncertain economic times. Even if you’re great with money in general, you might not have the expertise to live on a low income, and such expertise could come in handy.

Master these financial skills for adults and you’ll be prepared for any financial challenge:

  1. Be able to differentiate between wants and needs. What you consider to be a need will change when financial resources are scarcer. Before spending any money, ask yourself if the item or service is a true need or a want.
  2. Save anyway. Saving is often a challenge during good times. It’s even more challenging when money is limited. It’s still important to save a portion of any income.
  3. Know how to budget and have discipline. Just about anyone can create a budget, but it’s sticking with the budget that’s hard. It takes practice and discipline. It’s no fun to barely scrape by each month, but a budget makes it possible. It also highlights the little ways to get ahead each month.
  4. Use your car as little as possible. It costs money to use an automobile. Combine shopping trips. Create a carpool to minimize driving to work. If possible, use a bike or walk.
  5. Find an additional source of income. A part-time job can be a big help. There are many things you can do on your own instead of seeking additional employment. You can rent out your car, rent a room in your home, buy and sell items on Craig’s List, or any number of other activities.
  6. Learn to eat inexpensively. A bag of rice costs less than a dollar. Chicken leg quarters are less than $0.70/lb. Choose the least expensive type of fruit. Food is a considerable expense for most families. It’s also an expense that’s easy to minimize if you know how to eat healthy on a budget.

Hit the local food bank. Most cities, towns, and counties have one or more food banks. You typically can’t get enough to satisfy all of your food needs, but you can take care of 50%.

  1. Purchase used clothing. Use clothing stores are everywhere. For example, Goodwill sells most of its clothes for slightly over $4. The first Saturday of each month is half-price.
  2. Be aware of all the public assistance programs. Medicaid, welfare, food stamps, heating subsidies, and the Affordable Care Act are just a few programs that are available in most areas. If you’re used to living a middle-class lifestyle, you might not have the slightest idea of how to take advantage of these programs. Become familiar with what all is available in your area.
  • Most areas have employment assistance or job training programs to help you find work.
  • You can also receive a big tax break if your income falls below certain levels.
  1. Find inexpensive healthcare. Often pharmacies or bigger stores, like Walmart, have an inexpensive clinic. You might be able to find a free clinic if you do some research.

     

  2. Find less expensive housing. The citizens of the United States enjoy some of the most spacious living quarters in the world. In many countries, it’s not uncommon for ten or more people to share a small apartment. You can probably find a less expensive place to live that will work.

Surviving during challenging financial times requires a new way of viewing money and the world. The less money you have, the more scrutiny each dollar requires before it’s spent. If you find yourself with less income than you’re accustomed to, it’s important to aggressively conserve at every opportunity. Challenging times require a new set of skills.

Please Share Your Thoughts 

In the comments below, share with us:

1. Share with us what financial strategies have helped you through trying times.
2. Which one of my tips do you think would be particularly helpful?

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All content on this ​website was created and/or compiled by ​Natural Stress Relief Women. Unauthorized use and/or duplication of this material (including text and images) without express and written permission from this ​site’s author/owner is strictly prohibited.

 

3 Easy Divorce Stress Management Tips To Feel Calm & Confident

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Divorce stress can leave anyone feeling drained. Try these tips to get you through the rough times.

On the scale of most stressful life events, divorce is topped only by the death of a spouse. The third most stressful life event is actually marital separation—that really tells you how stressful it is to go through this kind of trauma. If you are going through a divorce and are feeling the weight of stress, anxiety, and frustration on your shoulders, it’s time to take a step back. Here are some divorce stress management tips that will actually work and will actually save your sanity.

  1. Reconnect with activities you love. Are there old hobbies or habits that you used to love to do, but have recently let fall by the wayside? Many women lose track of the things that they loved to do when they were single when they get married, sacrificing those habits or hobbies in favor of something else. During a divorce is the perfect time to pick up those activities again, especially if you find yourself a little listless. Did you used to love to read, but haven’t had time? Curl up with a book for an entire day. Did gardening soothe your soul? Get a couple of plants!
  1. Create a support network. The friends and family that you surround yourself can greatly influence your stress levels and how capable you are of dealing with whatever difficulties come your way. Right now is the perfect time to start creating and relying on that support network. Choose individuals that understand what you are going through and are genuinely concerned for you and your well-being. Cut yourself off from negative influences or those that encourage you to wallow in your stress and sadness. Instead, spend your time with those that lift you up and make you feel better.
  1. Make time for yourself. This is something that women are notoriously bad at doing but its one of the most important divorce stress management tips to implement. We are nurturers, we want to care for others, sometimes so strongly that we completely forget to care for ourselves. When you are in the middle of a divorce and the stress is piling on, you need to make time for yourself. Self-care during this time is extremely important. Take care of yourself: treat yourself to a dessert, take a long bath, spend the entire day watching your favorite television series; do something that is just for you.

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All content on this ​website was created and/or compiled by ​Natural Stress Relief Women. Unauthorized use and/or duplication of this material (including text and images) without express and written permission from this ​site’s author/owner is strictly prohibited.

How To Reduce Stress During Divorce

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Divorce stress is one of the worst forms of stress a woman can experience, but there are ways to overcome it and persevere. 

Only the death of a spouse is more stressful than going through a divorce. That doesn’t mean that you should avoid getting a divorce if a divorce is the best solution for your relationship, it simply means that you need to learn how to reduce stress during divorce.  There is a very particular form of stress that divorce generates that can leave you feeling completely destroyed and devastated.

You know what it feels like: there are a million things to do and not nearly enough time to do them, paired with the knowledge that a relationship you have put a lot of time and energy into is coming to an end.  Add to that, the massive, heavy blanket of self-doubt, helplessness and the inability to think or see things straight.  I know.  I’ve been there.

If you are feeling the stress of a divorce, here are three practical ways to beat that stress:

  1. If you need to cry, cry. In today’s world, women are told that they shouldn’t cry, that they should be strong and “suck it up.” Crying relieves stress—it’s a very appropriate response to the stress of getting a divorce and is not something to be looked down upon. If you feel like you want to cry, go ahead and cry. You’ll feel better after the tears have been shed. Fighting back tears only piles more stress on top of your existing stress.
  1. Take up a new hobby you find rewarding.  Another tip I can share on the topic of how to reduce stress during divorce is to find a new activity that you really love to do and that satisfies you. This could be anything, from reading to gardening to exercising to writing. This should be something that makes you feel happy and content while you are doing it. It doesn’t have to show results or create anything that you can use in your life—it should just make you happy. Many married women find that they do very little for themselves. Now is the time to reclaim your life, and picking a new hobby is a great way to do that.
  1. Don’t skip meals. When you are stressed out, tired, and sad, you may forget to fulfill some of your most basic needs. Don’t skip meals. Your body will be hungry, even if you don’t actually feel hungry. Dealing with divorce and the stress it brings can sometimes suppress the appetite (that’s an evolutionary response), but that doesn’t mean you shouldn’t nourish your body. Make sure that you eat at least three square meals a day. If you often forget to eat, or don’t have much of an appetite, try snacking on fruits during the day, grabbing some soup, or pick up a new juicing routine. You need good nutrition to beat divorce stress, so make healthy eating a priority.

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All content on this ​website was created and/or compiled by ​Natural Stress Relief Women. Unauthorized use and/or duplication of this material (including text and images) without express and written permission from this ​site’s author/owner is strictly prohibited.

Are You Dealing With Major Life Stress?

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If you are dealing with major life stress, it’s best to approach the solution with practical strategies.

No matter the size, type, or nature of a major life challenge, the change and disruption associated with these trials can be very difficult to cope with. Death of a loved one, diagnosis of disease, debt and bankruptcy, divorce, and losing a job can all be so incapacitating that it may feel difficult or even impossible to move forward when dealing with major life stress.

However, many life coach counselors and stress mentors such as myself, who have developed an understanding of the  nature of challenges and believe that these crises can be used to inspire positive growth and change, usually find that challenges are not as insurmountable as they may initially seem.

This is called a “growth mindset,” and it means that crises are seen as opportunities for growth, not just as devastating situations to be dealt with. This doesn’t necessarily mean that the trials themselves become easier or less frequent, but simply that through positivity, they become easier to handle.  After all, even if you make lemonade when life throws you lemons, it’s still sour!

This is not an attitude exclusive to some people—anyone who wants to can build these coping skills and learn to deal with change in a positive way. While it does entail a change of mindset and in some cases, a new modus operandi for life, when a large crisis arrives, making the change will be worth the effort.

The first step is to banish the word “crisis” from your vocabulary. It comes with many negative connotations, none of which inspire a positive attitude about the situation. “Opportunity,” or “challenge,” are better, as both of these words come with the connotation that the individual has power over the situation and acknowledges that this is a time for growth and development. Stop focusing on the negative aspects of your situation and instead on the real opportunities that lie within it.

When you find yourself facing a major life change, do not allow yourself to get bogged down in feelings if despair and overwhelm for too long time, otherwise it becomes harder to head it off and take action. Instead, try to use hope and optimism to find the opportunities for growth in the situation. This does not mean that you have to ignore how difficult things are, but attach to that acknowledgement the fact that you will successfully get through this trial. Instead of focusing on what is going wrong, focus on what you can do to fix it.  Embrace the process and trust that the journey will lead you to a better place.

Next, do not suppress your genuine feelings. Whether you are angry, sad, or frustrated, do not feel like you have to bury those feelings just because you want to feel hopeful and optimistic. You’re going to feel horrible emotions, anger overwhelm…do not stifle those feelings or try to push them away…that’s the boat; you gotta ride down the river.  Accept it and trust that this is the journey you need to go on, trust the process of the journey. It’s Okay to experience these feelings fully and find a positive outlet for them. That’s exactly what I teach in my FREE divorce recovery eCourse.

Understand that challenges are usually part of something bigger and better. Change is inevitable and does not have to be a bad thing. Understanding that what seems like a negative experience now is really part of something bigger and better in the future, will give meaning to your challenge and an impetus to continue working through it. Even with these strategies, you will not always avoid trials, but you will be better equipped to cope with them.

Please Share Your Thoughts 

In the comments below, share with us:

1. What major life challenge is currently causing you the most stress?

2. Which strategy mentioned above can you implement to help you deal with your life crisis?

Use These 4 Guidelines To Get Back Up When A Life Crisis Knocks You Down

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A life in crisis is never an easy situation. Keep reading to find out ways to stay healthy while coping with a life crisis.

Whenever you experience a life crisis, extreme emotional stress is a natural consequence.  By its very nature, a life crisis disrupts and often even destroys our lives leaving us shattered and often too distraught to figure out how to put the pieces  of our lives back together and bounce back after a life crisis.  Usually, a crisis can become so all-consuming, so terrible, that the chronic stress it creates seems to be far too much to handle.  I Know, because I’ve been there.

A chronic or life threatening health issue, relationship breakdown, divorce, financial loss, natural disaster (hurricane, earthquake, tornado, flood) man-made disasters (terrorism, deliberate acts of violence), and death of a loved one are all common occurrences that can send anyone into crisis mode. However, if a crisis is not dealt with effectively, if we do not cope with it properly, we cannot make it successfully to the other side. Fortunately, we have some ways to help you deal optimally with crises.

  1.  Take Steps  to Prioritize your feelings and your tasks. When in crisis mode, you only have so much time and so much energy to devote to everything that needs to get done. If there are other situations, outside of your crisis, that seem to be demanding your attention (and emotions), do not be afraid to cut them off for a while. It is alright ( and even essential) to take some time and make yourself and your trials a priority.

Evaluate each commitment and ask yourself: Given my current life crisis is this something that’s going to enhance or drain my energy?  See how many unnecessary things you can eliminate, starting with just one thing — the things that gives you the least return for your invested time and effort.

  1. Look for support. Often, the people around you will be more than willing to lend a helping hand when you need it. Be honest with them and tell them what you really need. If none of your friends or family can provide the help you need, do not feel badly about looking somewhere else for support. There are professional services and organizations that you can tap into for mental, emotional and spiritual support. For instance, if you need divorce support, click here!
  1. Find ways to beat stress. This time is going to be stressful, and getting what needs to be done completed will be impossible if you are being consumed by stress and overwhelm. Know your stress triggers and find stress-relief techniques, tools and resources that help to reduce your stress levels.

Eating, sleeping, and self care are the first things to go in a life crisis.   Focus on having nourishing food available so that you can eat healthy meals and snacks that can boost your body’s ability to cope with the crisis.

You can easily become depleted while going through an emotional crisis or supporting a loved one through a crisis.  Pay keen attention to your own needs so you can be replenished.  Now more than ever, make a few minutes each day to exercise because exercise can help you cope with a difficult life challenge.

When you learn how to manage your stress effectively, you’ll feel better equipped and empowered to handle your crisis.

  1. Handle your feelings. Many times, people prefer to bury their difficult feelings during a crisis, rather than deal with them. If you bury them, you may believe you have a calmer mind and less stress, but you are just drawing out the process. You don’t have to wallow, but you should find a way to process your feelings, either by writing them down, talking to a trusted friend, or even seeking professional help.

At the beginning stages of a crisis, everyone needs to tell their story in their own time and in their own way.  Sharing the pain of your story is one of the cornerstones of releasing, reassessing and reorganizing your life in the midst of emotional trauma.  Talk about your stressful situations with someone you trust. Sometimes just talking about your problems and concerns can help you put them into perspective and give you insights into ways to deal with them.

Don’t forget to be patient with yourself. It may be tempting to devolve into a pattern of eating junk food and feeling sorry for yourself, and you may feel like that is all you want to do for a few days. If that is all you can bring yourself to do for a few days, be patient with yourself. Do things that make you happy and that put the crisis aside for a few moments. Work on specific nurturing to your body and mind to help alleviate the pressure the emotional crisis is putting you through. During this stressful time, a walk a day could keep the doctor away!

Don’t forget to eat healthy foods, get sufficient rest,  exercise and give yourself time to process what you are feeling and what is happening.

Please Share Your Thoughts 

In the comments below, share with us:

1. Have you dealt with a life crisis?

2. What worked for you as a coping mechanism?

How to Cultivate a “Relaxation Response” During Stressful Life Events

TensionHeadacheWhen you are experiencing stressful life events, you may feel that there is nothing you can do to combat the stress and anxiety that you are feeling on a regular basis.

You see others living their happy lives, motoring along without a care in the world, while you might feel weighted under the stress of your everyday life or shackled by major stressful life events.

Whether it is the stress of a divorce,  a job loss, debt, or the death of a loved one, there are many situations which can seem to swallow your life whole and become a vortex of stress and anxiety, tainting even the positive and happy things in your life.

This is when cultivating a relaxation response to overpower your stress response, can be extremely beneficial.

Stress occurs when our bodies or minds feel threatened or overtaxed. Some stress ensures that our body is working properly and that we can actively avoid real dangers in our everyday lives. When you want to feel stress is when that car drifts into your lane—you need that stress response in order to be able to swerve out of the way before it hits you. This is an appropriate time to feel stress—during your normal life, on an everyday basis is not a normal time to feel stress, though many people experience this.

You might think that there is nothing you can do about this constant, everyday anxiety and stress, because the situation causing it is not going to just go away. There are ways to help deal with that stress, however, that can lower your overall level of stress and help you create a less anxious and more fulfilling life. Here’s how to cultivate a relaxation response to combat your stress response caused by a stressful life situation.

  1. Invest in aromatherapy. Aromatherapy can be seriously helpful for women who are experiencing consistent stress. This injects a soothing scent into your life, which can help to calm the body every time you smell it. Oil diffusers make it easy to have powerful essential oil scents filling your home at any given time. All you have to do is make sure that the diffuser is on and filled with your favorite oil and you can instantly feel less stressed. How does aromatherapy work? There are certain scents that elicit calm in the body—these may vary from person to person, but most people respond well to lavender, vanilla, sandalwood, and chamomile.
  1. Listen to calming music. You already know the effect that music has on your body. Loud, boisterous music can make you feel amped up and excited. Raucous music can make you feel more stressed out. Calming music or even guided meditation can help you block out stressors and feel calm and serene. When you feel a wave of stress coming on, putting on your favorite CD of calming music or a guided meditation, can help ensure that the stress does not overwhelm you.
  1. Try a sleep machine and a wakeup light. One of the biggest complaints of those who have too much stress in their lives is that they find it difficult to sleep. Luckily, there is a pretty simple solution to this problem that doesn’t necessarily include taking a sleep aid. A sleep machine is a sound therapy system that provides soothing sounds and tones to help lull the body to sleep. Most machines allow you to pick from a variety of different sound tracks, so you can find the one that makes your sleeping space as soothing as possible. On the other end of sleep, a wakeup light can combat that stress of being ripped from sleep by a loud alarm clock.
  1. Find ways to eliminate the physical side effects of stress. Stress has very real physical side effects, from beck and back pain, to aches and even physical sickness. If you can find a neck massager the wear throughout the day to fight neck pain, do it. If you can take a few minutes to use an acupressure set to relieve back pain, do it. A shiatsu massage pillow can go just about anywhere and provide instant back pain relief, as can a massage cushion.

How to Find Peace in the Middle of Major Life Stressors

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When faced with major life stressors, extreme stress and personal crisis, it’s essential to take a step back to find peace.  Find out how!

If you don’t find peace within the chaos, you’ll soon be leading a stressful and unfulfilling life. While you may want to achieve as much as you can, you surely don’t want to lose yourself or your sanity in the process.

Tips For Finding The Peace

Follow these tips to reduce the stress in your life so you can find some peace:

  1. Trim your schedule. If you find that you’re taking on too much, it’s time to go over your schedule and drop what needs to go. It’s hard to admit that you don’t have superpowers sometimes, so you must concentrate on giving yourself a manageable schedule.
  1. Get organized. When your life feels chaotic, it’s probably disorganized. You’ll feel out of whack and as if you don’t even know which end is up. You can combat this feeling by staying organized, keeping lists, and valuing your time. You can still take on a lot, but only if you’ve got an organized plan in place!
  1. Plan an escape. Whether you need to get away from an ongoing busy life, or one chaotic situation, you have to give yourself an escape from time to time.
  • Plan a mini vacation or give yourself an evening if you’re short of time. The point is that you need to make some time for yourself.
  • Read a book, indulge in aromatherapy, or play a video game, but do something that allows you to unwind.
  1. Pace yourself. One way to manage chaos in a healthy way is to properly pace yourself. You need to preserve your energy so you can make it through the day. Doing so allows you to keep a clear head and rejuvenate your mind.
  1. Practice a peaceful activity. One easy way to maintain some peace is to take up a peaceful and relaxing activity. Consider going to a yoga class or trying walking for stress relief. These acts are not only relaxing, but they also allow you to adapt your thinking so you can regularly achieve a peaceful mindset.
  1. Accept your situation. A major life upheaval can be overwhelming or even depressing at times. Instead of promising yourself a better life in the future once the chaos is gone, you can give yourself one right now. Accept that your life is in a chaotic state, but take the big step toward finding peace.

Find What Works For You

Most importantly, focus on slowing down, simplifying your life, and allowing yourself the chance to fix the imbalance you might be experiencing.

Even a small effort can help you in a big way. If you’re taking the time to find peace, you can also create your personal definition of that peace. That might be finding a person who can help you unload your problems, or perhaps you might enjoy journaling or reading self help books.

Whatever is peaceful for you, do it on a regular basis – for you and for those you love.

Tell Us What Works For You

In the comments below, share with us:

1. Has exercise worked for you to relieve stress in the past?
2. What other methods have you tried for stress relief?

5 Ways To Think Positively During a Major Life Crisis

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Sometimes it’s hard to look on the bright side even when things are going fairly well. When you’re going through a major life crisis, having the “glass is half full” mentality can be a feat in itself!

Don’t Get Overwhelmed

When you’re in the middle of a stressful situation, it’s important to disallow over-anxious and over-analyzed thoughts. You really don’t want to overwhelm yourself with an over-stimulated mind because the added stress will only strain your mind further and you’ll find it nearly impossible to think positively.

Ways To Look On The Bright Side

How you go about transforming difficult situations into positive outcomes will differ each time. Your goal should be to discover a set of strategies that works well for you. It might take some experimenting, but that’s okay!

Consider the following ways to achieve a positive mindset:

  1. Avoid feeling sorry for yourself. Feeling sorry for yourself only wastes precious brainpower and it’s not going to help you out in the long run. Instead, strive to gain the wisdom to accept your situation and focus on solutions, instead of sorrow or worry. Everyone has to travel through tough times at some point; it’s just a part of life!
  1. Find the life lesson. It may be hard to find the silver lining, but it’s almost always hiding somewhere. All of your experiences – both good and bad – contribute to your life’s knowledge. Be thankful for what you know!

Reflect on the fact that you’ve gained wisdom and knowledge that may help you make better decisions and cope well in the future.

  1. Start small. Take some time to reflect on the difficult situation. If you’re having trouble finding a positive manner of thinking, just start by smiling at yourself in the mirror. You might not feel happy right away, but it sure will be hard not to feel happy when you see a beautiful smiling face staring back at you!

You can also consider the use of positive affirmations to help you through tough times. The more frequently you repeat your affirmations, the sooner you’ll ingrain the positive beliefs into your subconscious.

  1. Stop worrying. When you’re going through a tough situation, sometimes your worries can overtake you. The future might seem scary and bleak and you’re not sure what you should do. As you know, worrying isn’t going to help the situation in the least. Instead, the moment worry creeps in, redirect your mind onto something positive or reassuring.

Stay calm and start brainstorming some practical solutions.

  1. Be brave about change. Change is inevitable and most often you don’t even notice that it’s happening. During tough times, however, you’re likely more sensitive to the changes that are taking place.

Think about change as an exciting adventure. You’ll never know what you can discover and learn until you’re open to change.

Help From Others

When you’re going through a tough time, your instincts might be to pull inward. Perhaps you don’t want people to see you in a vulnerable state or you want to solve your problems all on your own. However, you must resist this urge to shut people out! Remember, you’re never alone. Your family and loved ones are always there to help you get through any challenging situation, but only if you allow them to!

Of course, your loved ones may not be able to solve your problem outright, but they can provide you with a fantastic support system and help you brainstorm different avenues for problem solving.

As hard as it may seem now, it is possible for you to think positively when you’re enduring tough times. Use these simple positive thinking strategies to help you change your mindset quicker than you ever thought possible!

Please Share Your Thoughts 

In the comments below, share with us:

1. Have you ever turned a stressful situation into a life lesson? If so, what was it?
2. Who has helped you through a crisis in the past and how did they help you?

How To Confidently Survive Divorce With Your Finances Intact

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Going through a divorce is an overwhelming time, but it does not have to be this way!  It can be a lot easier to come out financially stable after a divorce if you follow these 7 tips  for protecting finances before divorce.

I’ve lived through a divorce and lived to tell the story.  And I can tell you that divorce stress can be devastating, both emotionally and financially. It’s a delicate time that can easily result in making poor decisions.   For me, it felt like my whole world was being turned upside down, and in a way, I guess it was. 

Nothing seemed to make sense at a time when you have to make some really important decisions. The decisions you make before, during, and after divorce  can have an impact on your post-divorce finances for a long period of time. To survive divorce financially, you have to making wise decisions.  Making wise decisions can shorten the time it takes to recover financially.

Thankfully, there are quite a few things you can do to survive divorce financially which don’t require a lot of thought, time, energy or money. Some choices are easy to make and easy to implement. 

Speed Up Your POST-Divorce Financial stability with these strategies :

  1. Close joint account and open your own bank account a.s.a.p. If you’ve taken the final decision to get divorced,  you don’t want to be stuck with any financial liabilities your soon-to-be ex creates.  This doesn’t just include bank accounts. Any credit cards are also potential nightmares. Contact your bank and credit card companies and explain the situation.  Act NOW, to get your finances in order so that you experience minimal financial woes after the divorce.

         Open new accounts in just your name. This might be easier to do before closing the joint accounts.

          Ensure that you’ll have access to money throughout the divorce process.

  1. Think about your housing situation.  if you have children, get ready for a complicated situation. Your kids need a place to live, so selling the house, or moving out may not be an option.  When children are part of the picture, it’s often best to consult with an attorney to examine your options. If you do not have kids, it’s often easier to sell the home and move on.  You may also decide to buy out your soon-to-be-ex, and assume full responsibility for the house post divorce.  That’s what I did, and when my divorce was final I rented out the house and moved into a more affordable apartment.  The rental income covers the mortgage payments, and at least I now have an asset that will continue to appreciate in value.
  2. Take stock of all your assets. Do you know the full extent of your financial holdings during your marriage? In many cases, one spouse handles the financial matters, and the other is happy to stay out of it. Now is the time to dig in and develop an accurate picture of what you have. You might be surprised by what you discover.

         Now you have to collectively decide how to handle the assets. Do you split them?

         Sell them and split the   proceeds? Or hire a lawyer and battle it out?   

  1. Take a look at all your insurance needs. You might need to get on your own medical insurance plan. What items do you still own that need to be insured? Your insurance costs might be much less now. There’s no reason to carry more insurance than you need.  Streamlining your financial obligations and implying there possible should be the order of the day.  Keeping things simple will allow you to heal financially and emotionally and end up standing even stronger on your own two feet.
  2. Design a new budget.  After divorce, your  income and expenses will change, so it only makes sense that your budget should  change too. If you’ve gone from a two-income household to a single income, there’s likely less margin for error. Develop a budget that makes sense for your new post-divorce circumstances and be determined to stick to it.  In my case, I got rid of some monthly payments, buy selling a truck I would no longer need, and I made room in my budget  to invest in essential personal development courses,  and aromatherapy, both of which I needed to get through this emotional devastating time.
  3. Swap beneficiaries on your life insurance and retirement accounts.  It’s quite possible that your beneficiary was your spouse. With a divorce around the corner, you’ll probably want to list new beneficiaries. For most accounts, this is easily accomplished by filling out a simple form. This step is often overlooked, but it’s REALLY important.  You need to make sure that in the event of your death, your assets go to those whom you want to have them.
  4. Secure a copy of your credit report.  You’re about to embark on a new life and a new reality, so it’s important to know where you stand financially. It’s just as important to be aware of all of your accounts. Your spouse may have opened a joint account or credit card without your knowledge. The better your credit, the easier it is to move through the world.  Conversely, the worse your credit, the greater the financial obstacles and challenges that lie ahead.

I can tell you from personal experience that divorce is a difficult time for all. But a divorce can be ten times more  difficult if financial matters are not handled intelligently. Focusing your attention on housing, debt, income, and good money management strategies, will make the transition easier. Doing this NOW is important to survive divorce financially.  It could mean all the difference between financial peace of mind after the divorce or extreme financial stress post divorce.

These tips  are intended to just highlight the basics. In many instances, an attorney and/or an accountant will be required. But understanding the basic issues will make it easier to make wise decisions. Apply these strategies to your circumstances and get the professional guidance you require.  These tips are in no way meant to replace professional advice so make sure to consult with a lawyer and any other relevant professional.  Your future financial health depends on it!  Act NOW, to ensure financial peace of mind long after the divorce is final.

Please Share Your Thoughts 

In the comments below, share with us:

1. Have you implemented any of these pre-divorce strategies?
2. If not, do you feel ready to take these steps for your post-divorce financial stability?

 

5 Simple Things You Can Do to Help a Friend Through A Crisis

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You will sometimes find your friends dealing with a major life crisis. There are things you can do to help a friend through a crisis.

Many times, we feel helpless when we see a friend in need. Especially if we have never experienced their particular crisis before, it can be difficult to know what to do to help. However, you already have an advantage over most people, because you know your friend well, what she needs and what she likes. Using this knowledge, you can help lift her burden of stress and make this crisis more manageable.

Here are 5 simple things you can do to help a friend through a crisis:

  1. Make a nutritious meal or bring her favorite snack. There is nothing better than seeing a friend show up at your door with food in hand. Bringing food has always been a gesture of goodwill, and not just because it allows your friend to cross something off of her lengthy to-do list. Even if you just stand in the doorway and hand the food across the threshold, your friend will greatly appreciate not having to make her own meal. In addition, bringing a nutritious meal shows that you took the time to think about what she needs, what she would want, and that demonstrates that you are not only thinking about her in her time of need, but also looking for ways to help.
  1. Be a helping hand. Sometimes, all someone needs is for you to show up at their door, ready to work. Crises are overwhelming, and getting everything done that needs to be completed in a single day can seem daunting, unless there is someone there to lighten the load. Being willing to help with anything she might need is a great way to lessen her stress and be supportive.
  1. Take her away from the situation. In a crisis, most people feel consumed and overwhelmed, and they have very little time to think about or do anything else other than trying to cope with the crisis. Sometimes, they need someone to come and take them away for a few hours. Whether you go see a movie, take a walk, or go out to dinner, a few moments of reprieve can make all the difference. Just be sure that it does not add to the stress by taking away time from essential things that need to be done.
  1. Be a sympathetic ear. Even if you do not know what to say or how to help, just listening can be the best way to help your friend in a time of need. Often, people are not actually looking for advice when they want to talk—unless they specifically ask for it—they just need to put their feelings into words in order to process them.
  1. Look for and recommend resources. No matter the nature of the crisis, there are likely resources ( both online and offline) your friend can use to lighten the load. Look for these websites, help lines, forums, audio programs, personal development courses and coaching, and professionals that can help your friend get through this difficult time.

Please Share Your Thoughts 

In the comments below, share with us:

1. Have you helped a friend through a crisis?

2. What did you do to help them?