It doesn’t take an economic downturn to challenge the best financial wizards – it can be something as simple as the end of a relationship.
When two people separate, their financial lives separate as well. Each person assumes more financial obligations while each has to learn to live within his or her means again.
When I got divorced years ago, it was a shock to me how it took almost a year to feel financially stable again. I thought I was someone who was prepared for the realities of being a financial single, but the sheer cost of the changes took me by surprise and used up money I didn’t have.
First, last and deposit, oh my! Moving into a new place is enough worry, but the...