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June 13, 2011
Seven Big Post-Divorce Money Mistakes
Breaking up is not only hard to do, it can be brutal on your finances.
Legal fees and creating two households from one are just the initial costs of separation. And while some expenditures are necessary, others can be emotionally charged and careless and can lead to serious debt.
Here are seven common ways divorced couples can get into big financial trouble after a split:
1. Ignorance. While a divorce decree may specify who is to pay what account, it carries little weight with lenders.