What do you enjoy most in life and who do you love most? Where do you spend your money? Do you spend money in a way that is aligned with your values?
Now I know, Money can be a HUGE stress during those initial months & years after your family becomes a family with two homes -- or at any time frankly! But this is also an opportunity to give yourself a reality check.
I’m pretty good at math, so when my marriage ended, I knew the basic logic sucked – me and my ex made the same amount of money we did before we separated, except now we had to run two separate households – YIKES! And most people aren’t rich enough to have had two homes beforehand, unless you’re a celebrity!
Having money fears is totally normal BUT that doesn’t mean you need to ignore the whole topic and not deal with your budget and current financial situation.
I did this for a long while and my money fears didn’t subside – funny enough.....
This post is only applicable for Canadians living in Ontario – I apologize in advance!
The idea for this blog post came from a question one of our community members had - this is his first tax season separated and so he was wondering how being separated would affect his taxes, which I thought was such a great question!
I remember my first tax season and thinking – holy smokes, I don’t really care about my taxes and what a hassle to have to coordinate with my ex!! BUT as part of my stubborn side, I had committed to doing my taxes myself, by hand, so that I could fully refresh myself on where my money was going and where I could find further tax savings for future years. I felt like I needed to take charge of my own money and where it was coming and going. :) My ex had done both our taxes for the last long while, so it had been years since I’d even thought about taxes.
Very Thankfully – my ex had an accountant do his the first year we...