Tag Archives | divorce financial planning

W is Working towards Financial Freedom

W is for Working towards Financial Freedom

Financial freedom may sound like a wonderful dream that many people find hard to achieve. The truth is you do not need a lot of skill to start this journey—all you need is the determination to begin the process and start heading down the path of your financial freedom.   What is your goal for […]

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snow ball effect

S is for the Snowball Method.

  The Snowball Method to Paying Off Debt. Where to Start? Try this simple method for paying off credit cards…    Step 1 Make a list of all your credit cards. Put them in order from the highest balance to the smallest balance. Step 2 To pay off your cards, start with the card that […]

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P is for Perserverance

P is for Perseverance.

Going through a divorce presents difficulties, obstacles, and complications. You will need a best friend named Persistence. This friend will help you forge ahead on a steady and determined course of action leading you to your goal. Many of us will talk ourselves out of our original plan when things are not going exactly as […]

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womens resource center

AZ Asks: Lucy Wellmaker, What can the Resource Center Do for Women in Divorce?

Lucy Wellmaker is the New Choices Program Director at the Women’s ResourceCenter. lucy@womenscentergso.org.  She has a Master’s Degree in counseling from UNC at Greensboro and is a graduate of the Institute of Life Coach Training and a member of the International Coaching Federation.  Lucy not only has a passion for working with people who want […]

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J is for Journey

J is for Journey.

  Life is a journey and divorce is a difficult experience but it can also be a catalyst for positive change in your new life.  In order to reap the benefits of the journey, we must travel with intention. There is work to be done, wounds to be healed, and lessons to be learned.  So […]

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Steps to Financial Health

H is for HEALTHY Financial Planning.

  Six Steps to Financial Health: Make sure you have a will and Health Care Power of Attorney. Have your investments diversified enough so that you can take out emergency funds without penalties.  Do not have all your savings in retirement accounts. Have different investment buckets: emergency fund, taxable conservatively managed accounts and retirement accounts. […]

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Division of property at divorce

F is for Financial Impact of a Divorce.

Divorce can extract a heavy price — both emotionally and financially. Protecting your financial health during a divorce is crucial. If you and your spouse are headed toward a split, be sure to learn about the laws that shape divorce proceedings and the impact they can have on your assets. Dividing the Assets Typically, everything you and your spouse […]

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Debt photo

D is For Defining Debt.

Debt comes in many forms such as credit cards, loans, student loans, car loans, mortgage, equity line, and family loan agreements. Credit card companies aren’t bound by divorce decrees, so they can go after you for jointly incurred debt.  The goal in your divorce is to be financially secure so you want to have as […]

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Love Yourself

AZ asks: Tamela Duncan advice on How to Love Yourself

Tamela Duncan is a Licensed Clinical Social Worker (LCSW) with a Master’s in Social Work from Florida State University. She has been a counselor in private practice for over 26 years in Greensboro, North Carolina and focuses on enhancing the quality of life of individuals, groups and communities by helping them reach their full potential. Tamela […]

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Personal Balance sheet-

B is for Balance Sheet.

What does Balance Sheet mean?  Just like a company, you and your family have measurable assets and liabilities.  When you are getting divorced and dividing the assets, you need to determine the values and  ownership titles so you can divide them fairly. Assets include your house, cars, furniture, stocks, bonds, pension, annuities, boat, royalty income, land, family businesses, […]

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