Personal Finance
6 Ways To Make a Budget for Marriage Separation
By Planner Bee  •  May 19, 2022
According to a Ministry of Social and Family Development (MSF) report, the number of married couples going their separate ways is increasing in recent years. When marriages break up, having to untangle two peoples’ money can be messy. Separation or divorce is a tough process emotionally and financially, but making financial plans can help smoothen things a little and pave your road ahead. Here are 6 ways you can make a budget to prepare you for the divorce process. 1. Calculate income If you have just separated or are in the process of ending your marriage, consider the financial repercussions of your actions. The first step would be to plan a budget for a new life as a divorced individual by adding up your total monthly income. This should include all sources of your income, including your salary, investments, freelance work or other sources. However, it is better to be conservative with this sum and...
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By Planner Bee
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