By taking charge of your life, however, you can embark in a positive direction and create a secure future. This is especially important if you have children. When you and your spouse were together, you shared your financial resources and decisions. Now that you're getting divorced, you'll have to manage your finances independently. You'll need to budget for the present and plan for the future.
Financial security begins with budgeting, saving and investing.
You'll need to maintain a home and meet debts and expenses as they arise. If you have children, you may also wish to pursue various college funding options. Successful financial management can make all the difference between just getting by and living comfortably. Reevaluating your insurance coverage is critical. Life insurance can protect your plans for your children s future should anything happen to you, while disability income insurance can safeguard your way of life if you become disabled.