Your Financial Game Plan for Divorce with CDFA Melissa Ellis
Secure your future stability by giving yourself the gift of emotional safety with a Certified Divorce Coach as you end one chapter well and write a new one you will love! Divorce well, live well.
Facing a divorce can feel like standing at the edge of a financial abyss. In this episode of 'Starting Over Stronger | Divorce Survival & Recovery', host Annie Allen sits down with Melissa Ellis, a Certified Financial Planner and Certified Divorce Financial Analyst, to shed light on the crucial first steps you should take when preparing for divorce. Melissa brings her wealth of knowledge to the table, offering practical advice to help you navigate the financial maze ahead.
She stresses the importance of understanding your financial landscape before initiating divorce discussions with your spouse. This includes gathering all necessary documents like tax returns, bank statements, and investment accounts, and making a comprehensive list of your assets and debts. But it's not just about the numbers. Melissa dives into the emotional side of dividing assets, urging spouses to consider each other's money mindset to better grasp their financial priorities.
The episode also touches on the significance of financial literacy for children, with Melissa sharing her insights on teaching kids about money management. By planning ahead and working with a CDFA, you can turn a potentially overwhelming process into a manageable one, securing your financial stability for the future. Tune in to get equipped with the knowledge you need to take control of your financial destiny during divorce.