When you split from your spouse, you will, of course, have to work through several issues relating to asset division, and, if applicable, child custody and support. Navigating these matters can prove expensive, but know that you have at least some degree of control over how much your divorce ultimately costs.
According to Forbes, the typical American divorce will likely run you somewhere between $5,000 and $50,000. While geography and similar issues typically come into play in determining final divorce costs, there are some things you can do to limit how much money you have to spend to finalize your split. Just what are some of the ways you can save big during your divorce?
Consider an amicable divorce
Sometimes called an “uncontested” divorce, an amicable divorce is one in which both parties involved in the split can readily agree on important matters about child custody, asset division and so on. When it comes to divorce, time is money, so the more time you spend arguing over every last asset, the more you can expect to pay in the long run.
Avoid letting feelings cloud judgment
Divorce often involves hurt feelings, and you may feel the need to vent about your situation or your soon-to-be-ex-spouse. You may, too, have developed a victim mentality along the way that leaves you feeling as if your ex owes you for everything he or she put you through. Try not to battle your ex over every possible matter, though. If you need to vent about your feelings, call a good friend or a counselor, not your lawyer.
While these are two methods you can utilize to save substantial money during your divorce, there are also other things you can do to cut costs and help save money you can use as you start your life anew.