Increased Living Expenses
During your marriage, you and your partner likely shared the burden of household expenses. Everything from groceries to insurance, maintenance costs, utilities, internet, and cable was paid for by both your finances.
Now you’ll find that it’ll be much harder to pay for everything on your own. Stricter budgeting will help, but that also means you’ll have fewer resources to put into your savings account. Looking for ways to supplement your income might be crucial.
Loss of Productivity and Wages
During the divorce process itself, you may be less productive and your time at work might dwindle. After all, you’re going to have to meet with lawyers, mitigators or make court dates.
On average, it is said that people have to take 20 days off work. Most workers do not even have this amount of vacation, meaning that the days you do take off will be unpaid. Keep this in mind when you’re budgeting over that period of time!