Balancing act: Managing emotional and financial wellness during divorce

There’s no denying the effects that divorce can have on your emotional wellbeing. It’s often a stressful period that can make you feel drained. That’s why it’s so important to look after yourself during and after your divorce. Beyond your mental and physical wellbeing, you should consider your financial wellness too.

Divorce creates a whole new chapter that requires you to approach things a little differently and create a new routine so you can settle into your new lifestyle.

Here are some things to consider when it comes to managing your emotional and financial wellness while going through a divorce.

Understanding emotional wellness

Divorce can be distressing, causing people to feel stressed and anxious – not only do you have to adapt to a whole new routine but you also have to deal with paperwork and other admin relating to the divorce itself. Some people also feel a sense of grief, especially if they’ve been with their partner for a long time.

Looking after your emotional wellbeing is key in times of great change. It can be helpful to create and maintain a sense of routine to give you stability when everything else feels so different. Self-care is key.

Be sure to lean on friends and family for support to get you through this difficult period. It can also be helpful to speak openly with your manager at work so that they’re aware of the difficulties you’re facing. Some people also find it helpful to seek professional support through therapy.

Integrating emotional and financial strategies

There is a clear link between money and mental health. As a result, you should pay attention to both your emotional and financial wellness during this difficult time

Often, when you’re feeling low, you may be tempted to spend impulsively. Some people indulge in shopping sprees, for example. If you find yourself battling with this, take a step back and assess whether it will benefit you in the long run.

The last thing you want to do is compromise your financial situation. At the same time, don’t feel as if you need to sell your assets hastily. Before making any key decisions, make sure you give them plenty of time.

Practical tips and resources

To summarise, some helpful things you can do to help with emotional and financial wellbeing include:

  • Making a list of your assets, liabilities, income and expenses so you have a clear overview of your situation
  • Setting short-term and long-term financial goals
  • Tracking your spending with finance apps
  • Seeking legal support from divorce financial settlement solicitors from a family law firm
  • Creating a routine that incorporates self-care
  • Seeking help from charities and organisations (e.g. MIND, Money and Pensions Service and StepChange Debt Charity) or professional help from a therapist if you think it will be beneficial
  • Finding support groups and forums online to hear the experiences of likeminded people

If you’d like legal support from divorce financial settlement solicitors, don’t hesitate to get in touch with a reputable family law firm. This way, you can receive tailored and empathetic support for your case.

 

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