If you’re in a friendly gathering, you’ll hear that more than a third of the married couples will agree to the fact that money is the cause of stress in their relationships. In fact, for some, financial woes are the main reason to opt for divorce.
We all are aware of the fact that money is most often considered the main reason behind all strife. When you think of filing for a divorce to call off your marriage and you have spoken with a Columbus divorce attorney, the first thing that comes to your mind is the financial worries associated with living a single life. But did you know that divorces can even come with financial silver linings? Let’s check out how a divorce can bless you financially.
- Improved control over your finances
When you end your marriage, this also brings about an end to all fights related to money. There are no longer the arguments over which category to give the highest priority on your budget. You no longer have to plead with your spouse to control expenses and save money. If you were married to a spendthrift spouse, after a divorce, you’ll find it easier to build up your emergency fund. You can bring forth a shift in your personal goals and be able to pay off debt sooner.
- Better returns on investment
Did you ever ponder over the fact that a divorce could lead to improved investment returns? This is truer for women as men tend to have an aggressive approach toward investments and they take on more risks than women. It can be possible that divorced women who are handling their own portfolios might have already handled tough years without seeking the help of their husbands. Hence, women may find it easier to get better returns on investment.
- Social Security benefits for senior divorcees
Divorced spouses are usually eligible to file for their SS benefits during retirement. In case you were married to your spouse for a minimum of 10 years, you are entitled to file these benefits. However, you must have reached the age of 62 years. A married spouse has to wait for their wife or husband to claim the Social Security benefits. But this is not the case for people who are divorced.
- Reset your monetary priorities
While there are too many people who are conservative about bringing about lifestyle changes that are necessary after a divorce, it certainly gives you a chance to rethink your financial goals. You can learn how to start anew. You can bring forth smaller adjustments like surrendering to your family home. This may turn out to be beneficial in the near future. It is always better to have smaller apartments than bigger houses as you have to pay a hefty amount as maintenance costs.
Therefore, if you are feeling devastated at the thought of a divorce, you should try to help yourself with the finer side of divorce. Be on your own and start a new life.
