Financial Advice

• Separating Your Finances
• Securing Your Financial Future
• Tax & Benefits

Securing Your Financial Future

After a divorce is final and you have split the assets and money from the relationship it is possible you may be one of the lucky ones and find yourself with a healthy financial settlement. Most people however discover they are in a much less secure financial situation than previously. If this is the case, careful planning and thought will be required to ensure your future financial security.

Re-establishing your financial life when single may be a daunting prospect so here are a few suggestions:

• Think of your children first - what money do they need now and in the future and where is this going to come from? Your ex-partner should be contributing to their upbringing. If the payments are not forthcoming the CSA can enforce maintenance payments .
• Basics matter most - a roof over your head, food, water, heat and light. Prioritise paying for those. If you are struggling then let the companies know - don't bury your head in the sand and let things drift into debt.
• You will probably be able to save considerable amounts by switching your utility accounts to new providers. The average household could save £140 off their energy bills if they changed supplier.
• Make sure you have all bills set up in your name and a bank account in your sole name.
• Gather information about your financial circumstances and draw up a sheet of your income and expenditure, assets and debts.
• Make a financial action plan based on this information - this should have 3 sections. Ideas for saving money; ideas for earning more money and a section prioritising your outgoings and debts to pay.

If you need a cash loan of up to £750 then go to PaydayUK

See the information lenders see. View your free Experian credit report online .