Divorce is never easy, but it can be especially trying for solo moms who do not have a healthy money mindset. Yet, we can't afford to let our emotions overtake financial wisdom.
This episode will give moms facing divorce some tips on how to manage their finances.
Patti Handy is a solo mom who helps women sort through their finances. She's also a Certified Executive Coach, Certified Life Coach, holds a Real Estate Brokers license, and published author of four books.
**In this episode, we discuss the financial challenges that solo moms face after divorce and how to overcome them. We also cover topics such as:
• Taking an inventory of your finances (2:30)
• The "God wink" that caused Patti to start focusing on her finance(3:40)
• Advice if you're currently going through a divorce or negotiating finance with a co-parent (5:57)
• What is a money mindset (16:28)
• Getting help from a financial advisor (17:00)
Key Takeaways:
• Solo moms need to control their emotions and focus on their finances during and after divorce.
• The first step is to take an inventory of your assets and liabilities.
• Once you know where you stand financially, you can create a budget and start to pay down debt.
• It is also important to save for the future, even if it is just a small amount each month.
• If you are feeling overwhelmed, don't be afraid to get help from a financial advisor.
Bio: After spending a combined 20 years as a Financial Advisor and Mortgage Advisor, and having countless conversations with women, I decided to pursue my dream of Financial Coaching for Women. I'm a teacher at heart and I love to educate and empower women with money smarts!
Connect with Patti on Facebook (https://www.facebook.com/groups/870805444193498) | Website (https://www.pattihandy.com) | Instagram: @pattihandy
Patti is another awesome guest from PodMatch (https://www.joinpodmatch.com/jrosemarie) . Check out Patti's book: Money Rules 101: Master Your Money Before it Masters You - A Guide for Parents and Teens on Amazon (https://amzn.to/47ENGwa) .
Don't parent alone. Connect with solo moms just like you at one of our meetups (https://www.meetup.com/solo-moms-meetup-group/) .
Want to chat privately? Book a free one-on-one with me using this link (https://jrosemarie-meetings.zohobookings.com/#/customer/joshuascoastmedia) .
https://solomomstalk.mysites.io/podcast-2-copy/financial-tips-for-divorced-solo-moms-w-patti-handy
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Mentioned in this episode:
Mentoring invitation
[00:00:00] Having difficulty with your teen. Are you struggling with finding solutions to your everyday parenting problems? Being a solo mom can be tough. I know with all things you juggle mostly for your children. Your left. With very little time for yourself.
[00:00:15] It can be hard to see your way out from where you are currently. But what if I told you. That you can change your life. And the lives of your children. As a Christian solo mom of three adult sons, I know firsthand some of the challenges you face.
[00:00:33] But I also discovered that when I shifted my mindset, I was able to transform my life in some amazing ways.
[00:00:41] Hi, I'm J. Rosemarie your personal, confident and mentor. I invite you to connect with me and take the first step towards transforming your life. Together, we can work to find solutions to your ongoing challenges.
[00:00:56] And create a life you desire for yourself and your children. [00:01:00] I no, this is not about fixing. This is about us working together. To achieve your goals. So, if you're ready to take the next step to empower yourself, to transform your life, click the link below. And sign up for a free consultation call with me.
[00:01:20] I look forward to hearing from you and helping you on your journey to becoming the best version of yourself.
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