Ways to Budget During and After an Oklahoma DivorcePutnam Law Office
One of the reasons many people do not look forward to divorce is the financial costs of the whole process. At the same time, you might have to worry about additional financial obstacles after the divorce. In either case, there are ways you can improve your financial situation during and after an Oklahoma divorce. If you are experiencing legal struggles tied to this, be sure to contact an Oklahoma Family Lawyer who can offer professional guidance.
Budgeting During Your Oklahoma Divorce
Oklahoma budgeting during a divorce may sound stressful but can be managed with the right information and resources. Similar to divorce, budgeting is not something people usually embrace with positive energy. This is because budgeting and divorce have one thing in common, they are both challenging.
Budgeting involves writing down and keeping track of all your spending and subtracting this from your income to what you have leftover. This could mean using an app like Quicken to track what you spend each month and subtract this from your monthly income. What this does is help you separate unnecessary spending on things like fast food from necessary spending like the electric bill. For Oklahoma divorce trials, you will want to track and add up all the legal fees.
For divorces, it can help to calculate a historical budget by compiling a monthly history of spending with your check registers, receipts, bank transactions, and more. It can help to use the court Financial Affidavit as a guide. You will want to write down your and your spouse’s history of spending for at least a year before the divorce is set to occur. Doing this might be tedious but can help uncover any finances your spouse I trying to hide from the court and any financial coverage you might need after the divorce.
How to Budget After Your Oklahoma Divorce
Budgeting after an Oklahoma divorce can often be more challenging because now you are really living the major changes made by the divorce. You might be raising two kids on your own with one job or you may still be looking for a new job to support yourself. One of the first steps involves the same process as before; budgeting, except that this time, you will want to add up your spending and income for the first month after your divorce.
Depending on the outcome, this could mean listing expenses from child support, alimony, and bills to figure out if you can afford all this, and if so, how much extra money you will have. If you find you cannot afford all of this, try looking at freelance jobs and part-time jobs you can do on the side. Try selling things you do not need on eBay or in a garage sale. Put as much money as you can into savings to prepare for the unexpected.
Family Lawyer in Oklahoma
Whenever you find yourself lost and unsure what actions to take during your divorce, then try reaching out to an Oklahoma Divorce Attorney for answers. You can call the Putnam Law Office today at (405)-849-9149 for a consultation. We will work with you to help you achieve the outcomes you desire. Mr. Putnam is an Oklahoma City, OK attorney who is dedicated to his clients.