Tuesday, October 16, 2007

Houston Chronicle Article

There's a very good (and basic) article in the Houston Chronicle by Eric Tyson about separating your "emotional lives" from your "financial lives" when getting a divorce. Although short, it covers a few of the important basics that people getting a divorce should be aware of, such as:

"One of the most important exercises for spouses is to analyze their individual spending. Lower-income-earning spouses, who are typically women, face the biggest reduction in their standard of living post-divorce. A budget will help during the divorce to justify requests for alimony or child support, as well as with adjusting to a new financial life after divorce."

The full article can be read here.

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