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How to budget before finalizing the divorce

Different divorce requirements exist within each district in Florida. As you prep for divorce proceedings, you should be ready to decide on the type of divorce you want, prepare the initial paperwork and serve the papers to your spouse. You also need to get ready for your finances to change substantially. 

You have become used to living in a household with two incomes. Now, you will only have one source of money coming in, and it could be substantially less than what your spouse makes. You need to be ready for your financial future, and that involves planning accordingly. 

Anticipate future expenses

Before filing the first documents, you should take a look at your finances. You should consider how much money you make and how much you will need to spend once you and your spouse separate. You need to consider what you will spend on rent, utilities, food and travel expenses once you live on your own. You also need to track expenses for any children you may share with your spouse. You need to gather checking and saving accounts as well as credit card statements to show how much you currently spend. Once you have all this information readily available, you can determine how much alimony, if any, you could get from your spouse. 

Avoid unnecessary expenses

For the time being, you should avoid spending a lot of money. All your extra income will go toward court fees and legal expenses. It would be a bad time to go on an extravagant vacation, especially if you make more than your spouse. The judge may assume you spent all that money on a vacation in an attempt to get out of paying as much alimony. You want to be honest and upfront about your income, even if that means paying alimony. You can speak with a financial advisor if you need extra assistance getting your finances in order. 

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  1. TOP 100 TRIAL LAWYERS
  2. AMERICAN ASSOCIATION OF PREMIER DUI ATTORNEYS
  3. NATIONALITY CHAMBER OF COMMERCE
  4. AVVO, Client's Choice 2016
  5. 17 ANNIVERSARY
  6. National Association of Criminal Defense Lawyers
  7. ESTEEMED LAWYERS ELOA
  8. AMERICAN IMMIGRATION LAWYERS ASSOCIATION
  9. 10 BEST LAW FIRM CLIENT SATISFACTION
  1. Alex Hanna was named Top 100 Criminal Defense Lawyer (2016) by The National Trial Lawyers.

  2. Alex Hanna is rated a Premier DUI Attorney by the American Association of Premier DUI (2016).

  3. Alex Hanna was named Traffic Lawyer of the Decade (2010) by the Minority Chamber of Commerce.

  4. Alex Hanna was given the 2016 Client’s Choice Award from Avvo.

  5. Alex Hanna is a member of The Florida Bar and Practices in the areas of Criminal, Traffic and Personal Injury Law since 2001.

  6. Alex Hanna is a member of the National Association of Criminal Defense Lawyers (2016).

  7. Alex Hanna is a member of the Esteemed Lawyers of America association (2017).

  8. Alex Hanna is a member of the American Immigration Lawyers Association (2017).

  9. Alex Hanna was bestowed the 10 best law firm award by the American Institute of Criminal Law Attorneys in 2016 and 2017.

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