Considering a divorce? It’s a big decision that will change your life and your finances. Divorce is expensive in ways big and small, which is why the time to start financially preparing for a divorce is right now. Even if you are in the early planning stages of a divorce or aren’t sure whether you’ll eventually pull the divorce trigger, it’s still a good idea to start squirreling away extra funds just in case. If you do get a divorce, you’ll be glad for the financial cushion. If you decide to stay in your marriage, then you can always sock that extra money into your retirement fund.
The point is, you don’t want to call it quits on your marriage and realize you have nothing in the bank. Here are ten big reasons to start that “rainy day” fund (you can think of it as your “rainy day divorce fund”) right now.