Mediate Michigan

Divorce can be an emotional and financial roller-coaster ride for most people. In addition to the great emotional burden that people face, financial concerns can also weigh heavily on your decision making, especially before your divorce is finalized. Here are five tips for taking the financial pain out of your divorce:

1. Avoid maxing out your credit cards — monthly payments can become burdensome and affect your credit history.

Between living expenses, tuition, transport costs and legal fees, recent divorcees can often struggle to keep up with their financial obligations. Their first reaction is often to put all of their expenses on a credit card and think about it later. While this strategy does buy you some time, there is a risk that you may not be able to make the monthly repayments and your credit history may be negatively affected.

via Brendan Lyle: Top 5 Ways to Ensure Financial Security During your Divorce.