Once the divorce process begins, it is not unusual for both partners to find themselves facing financial difficulties. Neither adult has the income of the spouse to rely on and both must pay legal fees that increase if the divorce takes longer than expected to complete. Fortunately, there are ways to get through a divorce without completely sacrificing the comforts to which you have grown accustomed. Taking advantage of simple ways to save during a divorce can help limit the financial impact of your divorce without greatly reducing your existing standard of living.
Reduce Your Car Insurance Costs
The average vehicle owner in Georgia can expect to spend approximately $1,440.00 each year on car insurance. That price is over $100.00 higher than the national average and for many, car insurance is one of the most expensive monthly bills in their household. Finding ways to reduce this cost during your divorce will increase your amount of available cash. Increasing your insurance deductible is one way to reduce the monthly cost of your car insurance bill. If you are not comfortable raising your deductible, consider getting rid of services such as road side assistance or rental reimbursement. After your divorce is finalized, you can add these services back to your auto insurance policy.
Create Weekly Menus
Eating at home is one of the easiest ways to save money. The average working adult eats out multiple times during the week, supporting our nation’s billion-dollar restaurant industry. Households spend $3,000 annually eating out which is only $1,000 less than the amount spent on groceries. Creating a menu that takes advantage of seasonal items (that are less expensive) reduces the chances of not having enough ingredients to make a meal. Dining at home saves a substantial amount of money each month and keeping an eye out for grocery store deals also helps you reduce the amount of money you spend on food each year.
Focus on Free Activities
During a divorce, parents want to keep their children distracted and as worry-free as possible. Instead of spending money taking your children to movies or amusement parks, focus on free local activities. Go to events held at your local library, museums, or parks that are free and kid friendly. Join groups that plan fun and free events for children of various age groups or surprise your children with a picnic at a local lake or scenic area that your family will enjoy exploring.
Reaching Out for Assistance
Divorce is a time-consuming and expensive process that is never simple. Having a compassionate divorce attorney on your side often makes things easier to manage. The attorneys at Vayman & Tetielbaum understand that your personal life, professional life, and finances can all be negatively impacted by a divorce. We are ready to help you get through your divorce as quickly and painlessly as possible. With offices located throughout the Atlanta area, we offer discreet consultations that allow you to get answers to some of your most pressing questions. Contact our office today at 678-736-7700 to schedule an appointment.