Divorce Costs

Don’t Be Like Brangelina: 4 Ways a Bitter Divorce Can Cost You

Barbara Rowens

June 30, 2017

I’m sure you’ve heard the news: Brangelina is no longer. Some saw it coming and others are shocked. Turns out the Hollywood couple we thought had a lasting relationship won’t be growing old together. And based on the latest news, they won’t be getting along anytime soon either.

Chances are you or someone you know has dealt with a divorce that is less than friendly. I get it. You shared a life together. Now that it’s over, it’s no wonder you’re not feeling all warm and fuzzy.

But here’s the thing many couples, including Brad and Angie may not realize: a bitter divorce can cost you in more ways than one.

Here’s how:

It can cost you money

Chances are you don’t have millions of dollars and twelve homes scattered across the country like Brad and Angie do. This means you need to think hard about which divorce route you take. Mediation is often the most amicable, cost-effective solution as it can give couples more flexibility in figuring out a solution that’s best for the entire family. If you go the litigated route, then you’ll be spending a ton of money on legal and court fees.

Mediation is often the most amicable, cost-effective solution as it can give couples more flexibility in figuring out a solution that’s best for the entire family.

It can cost you time

Divorce is already a time consuming process, even for couples that get along. If you and your spouse are fighting tooth and nail over the house, then it’s going to take up a lot of your time. Time that would be better spent figuring out your financial goals for the future.

It can cost you a strong relationship with your kids

In divorce, kids often pay the highest price. Brangelina’s six kids are no exception – in fact, they’re in therapy because of the divorce.

There’s no way around it – divorce is messy and it will impact your children. But how much it impacts them is up to you and your spouse. Taking a mediated, amicable path to divorce doesn’t just benefit you; it helps your kids deal with the changes in a positive, healthy way. When your kids deal with the divorce in a healthy way, then your relationship with them will flourish.

It can cost you confidence

New beginnings are scary, especially if you’ve been married for a long time. You need confidence to face a new chapter and when a divorce is contentious, your confidence may take a hit. Negativity can be contagious – and if you’re not careful, any negativity (especially prolonged negativity) from your divorce can hinder your ability to move forward in a confidence, positive manner.

When your kids deal with the divorce in a healthy way, then your relationship with them will flourish.

The bottom line

Divorce takes a huge physical and emotional toll. While you may not be able to afford a five-star vacation like Brad and Angie, you can take time away from the day-to-day to recharge. You’d be surprised how much perspective you’ll gain from slowing down, even if it’s just pampering yourself with a spa treatment Getting some rest will help you move forward with a clear mind and leave the past where it belongs: in the past.

Struggling to navigate your divorce? Take a look at my post-divorce checklist for 10 steps you can take now for a financially smarter future.

Disclaimer: All articles/blog posts are for informational purposes only, and do not constitute legal advice. If you require legal advice, retain a lawyer licensed in your jurisdiction. The opinions expressed are solely those of the author, who is not an attorney.

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5 Common Money Mistakes in Divorce

For most people, the divorce process is emotionally draining and mentally exhausting. Even if you feel like you are clear headed, here are a few of the most common money mistakes to look out for when getting divorced.

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As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.

 

As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.

 

As a CDFA® and divorce mediator, we serve individuals and couples who are facing divorce, by providing smart financial solutions for your amicable settlement and asset separation.