Divorce is known for the adverse impact it has on one’s life. A lot of emotional and mental stress is undergone during this traumatic process and its aftermath. Divorce affects your entire family as it undermines your self-esteem, affects your child’s wellbeing and calls for other family member’s adjustment to situation. Divorce also rocks your financial stability powerfully and has a stronger financial impact on your life than buying a house or saving for your retirement.
There are many financial angles to a divorce:
Divorce means that you are on your own and have to singlehandedly deal with and take decisions about your financial planning, health insurance, life insurance, contingencies for unexpected emergencies/tragedies and your child’s education. Key factors that are to be taken into account for financial security are:
ArthaYantra ensures that you don’t lose track of your personal financial planning goals and helps you scout all the possible avenues for a financially stress- free life. Talk to our financial advisor to ensure financial preparedness which keeps you independent, financially comfortable and tension free post divorce.