Financial Recovery After Divorce: Rebuilding Your Budget

Divorce disrupts everything, including finances. Here's how to rebuild.

Immediate Financial Steps

1. Open individual bank accounts
2. Update direct deposits
3. Close joint credit cards
4. Update beneficiaries everywhere
5. Create new budget for single income

Your New Budget Reality

Things that change:

• Housing (often the biggest adjustment)
• Utilities now 100% yours
• Insurance changes
• Child-related costs if applicable

Rebuilding Emergency Fund

Divorce often depletes savings. Priority one:

• Start with $1,000 mini emergency fund
• Build to 3 months expenses
• Eventually reach 6 months

Tracking Solo

Pocket Clear works for individuals too:

• See exactly where your money goes
• Build new financial habits
• Regain control and confidence