Divorce & Single Parenthood
A woman today spends more of her adult life unmarried than married:
- 20% of all women never marry.
- 47% of first marriages end in divorce.
- 49% of second marriages end in divorce.
Divorce and single parenthood are very common and have their own host of financial considerations and challenges. Whether you’re a single parent or preparing for a divorce, this section will help you negotiate the financial aspects of these potentially tough times.
If a divorce is on the horizon, you need to prepare yourself financially, both for during the divorce and after.
There are three basic financial elements to divorce–division of assets, alimony, and child support. This section will describe these elements work, and give strategies for how they can be successfully handled.
Single parents face unique financial challenges while trying simultaneously to raise their children and take care of their own financial needs. In this section, we’ll discuss how you can confront and balance the diverse financial demands of pressures of a single parent.