From Split to Stability

In this episode of MoneyWi$e Wednesday, Andre Harris, Kelly Merck, and Kelli Walter from Envision Credit Union discuss the challenges and strategies for managing finances after a divorce.

Navigating finances during and after a divorce can be challenging, but we're here to help you find your financial footing. In this session, we'll cover key strategies for effective money management, from dividing assets to rebuilding your financial future. Whether you're in the early stages of a split or have already finalized your divorce and are trying to get back on your feet, we'll provide you with the tools to turn a financial split into a stable and secure future.

 

 

 

Key Takeaways:

1. Financial Recovery After Divorce: Divorce or separation often leads to financial setbacks, but with the right approach, you can recover and rebuild your financial foundation.
2. Shared Accounts and Loans: Understanding how to manage joint accounts and shared loans during a split is crucial for avoiding future complications.
3. Emotional and Financial Support: It’s important to seek support from trusted sources like financial counselors and community programs to help you navigate financial challenges.
4. Long-Term Stability: Achieving financial stability requires thoughtful planning and managing finances carefully, especially after major life changes.

 

Listen now to learn about:

• Strategies to recover financially after a divorce or separation
• The role of shared bank accounts and loans during financial transitions
• Key steps to building a stable financial future post-divorce
• How financial counseling and support services can help you bounce back
• Tools available to aid in rebuilding your finances after a life change

Resources Mentioned:

- Envision Credit Union's free financial education resources

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