A question that is on the mind of many people is, are we headed for a recession? I’m going to give an answer that may shock you at first…yes. Before you panic, the answer is always yes because our economic system works in a cycle. We will never be absolved from recessions. There is a sense that there will always be a recession out ahead of us.
The emotional and psychological effects of divorce are far reaching. But what about the financial aspect of a divorce? People are usually not financially prepared for a divorce. For a couple getting divorced, there are many considerations when it comes to finances including children, assets, debt, the list goes on. Every situation is unique, but we’ve outlined a few big-picture ideas for you to reflect on if you find yourself experiencing this major life event.