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How can you recover financially after divorce?

If you are faced with divorce, you will have many questions about the future. Some of these are sure to be based around your finances.

Will you have enough money to stay on your feet? Do you need to change your spending habits to get by? These are just some of the questions you need to ask and answer.

Fortunately, there are many steps you can take to ensure a full financial recovery after divorce. This is not always easy, but there are things you can do to improve your situation:

-- Create a plan. It's one thing to say that you want to recover financially after divorce. It is another thing entirely to have a plan for doing so.

-- List your goals. There is more to recovering than hoping for the best. You should list out short and long term goals to ensure that you are always on the right track.

-- Focus on what you can control. As upset as you may be at what happened in the past, you are no longer in position to control this. At this point, you need to look towards the future and focus on the details that you can control.

Even though there are things you can do to recover financially after a divorce, you should also expect to run into some challenges. It is only natural for this to happen, as your life is changing in many ways.

As long as you begin to think about this sooner rather than later, everything will start to come together at some point.

Source: Time, "10 Steps to Financial Recovery After a Divorce," accessed June 14, 2016

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