financial advice, improve credit score,personal financial adviceMy wife says I never listen to her.  At least I think that’s what she said.  ~Author Unknown

“I couldn’t believe how much I didn’t know,” a girlfriend recently told me. We were talking about the divorce she’d gone through three years ago. “Partly I just ignored all that financial stuff. I thought it was great that it was his responsibility–like putting out the garbage and fixing the leaky faucets. I didn’t want to worry about it. That sure turned out to be a mistake.”

When a financial relationship ends–through divorce, death, breakup, business dissolution–there are almost always surprises. Financial expert and Girlfriend Guru MIATA EDOGA shares important tips for getting through the stress of preparing to be on your own financially.

Whether you’ve filed for divorce or are sure it’s on the way, you need to be smart about your money. This is a difficult time to be “on your game.” Between all the emotion and the surge of activities that need to be completed, it’s not uncommon to give in to taking the easy, less painful path. Sadly, the “easy” path might be the one you regret down the road. Even though this is a painful period, you need to gather the strength to take control of your money.

I’ve been around far too many divorces that began as “friendly” and ended up as “screaming matches.” While you don’t need to be nasty, it is important to have your ducks in a row. Here are a few of the important things to remember along the way:financial advice for girlfriend getting divorce

1) Collect your bank and debt statements. Especially if you weren’t the primary financial person in your relationship, you’ll need to come up to speed quickly. What are the bills? Where is your money going? How does the household financial picture look?

2) Make a spreadsheet. Your attorney is going to ask details about all of your debt and assets. List the account, payment, or contribution amount, total due (or total saved), and (maybe most importantly) whose name is on the account. Don’t forget about pensions, insurance, and non-cash or stock assets, such as vacation property or vehicles.

3) Consider freezing accounts. In some states, it’s possible for one spouse to raid accounts unless you have them frozen. Talk to your attorney and banker about whether you need to lock down your finances until the proceedings are finished. Brokerage companies and banks are happy to change your account status so that no transactions can occur without two signatures.

Finally, make sure you have good representation and protect yourself. Even in a “nice” divorce, you don’t want to find out too late that your representation was lacking.

MIATA EDOGA is the President and Founder of Abundance Bound, a 10-year old company committed to utilizing humor, inspiration & lots of love to give individuals around the world the necessary tools to thrive financially, while keeping focus on the things they treasure most. Visit the Abundance Bound Facebook Page for your free copy of Financial Success for the Creative Soul!

What tips would you give a girlfriend going through a major financial change?

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Girlfriend Guru MIATA EDOGA Shares Financial Advice for Women

Girlfriend Guru MIATA EDOGA Shares Financial Advice for Women

Don't you love having SMART girlfriends who give great advice? Well, we've got the go-to gal for financial advice for women. The President and Founder of Abundance Bound shares her insights in these guest blogs as a GIRLFRIEND GURU for Girlfriendology. (Thanks Miata!)

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    Rent or Buy? Home Decision Advice from Guru Miata Edoga | The New Girlfriendology | Be a Better Friend | Inspiration,...

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    Be grateful for the home you have, knowing that at this moment, all you have is all you need. Sarah Ban Breathnach I'm so grateful for my home. It's where I live, work, spend time with my friends (and pets!).

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    There are times when I love making dinner. There are times when going out is the joy of getting together with wonderful people and catching up over a meal. There are times when there are no ingredients in the house (unless you count tomorrow's yogurt and a packet of ice tea mix as "ingredients").

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    Supermarket automatic doors open for me; therefore, I am. - Craig Bruce My friend Shari loves grocery shopping. She loves the bright fresh fruits and veggies and finding new varieties to try. She loves discovering new flavors and ingredients and spices-and she is a gifted cook who takes her inspirations and turns out delish dishes.

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    I admit it. I'm one of those people who likes to figure things out for myself. Over the last few (or maybe more than a few) years, I've worked hard to figure out where figuring things out for myself leads to positive self-esteem and where it just leads to stubbornness and frustration.

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    We dream of sending our children to college. When they are babies we dream of the academic/football/diving/debating/fill-in-the-blank scholarships they'll get. And then it turns out that they hate diving or love football but don't play at a level to earn a full ride.

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    It's that time again in my world. Time to think about acquiring a new vehicle. Ick. Sorry, that's all I can come up with. Ick. There are people who love car shopping-I am not one of them. It seems other people know so much more than I do about cars and financing.

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    There are times when it's fun to drive without a destination, to wander the roads watching the scenery without worrying about anything more than enjoying the ride-hopefully with a great girlfriend along to spend time together. There are times when we need to get somewhere specific (possibly on time).

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    We all approach decision making differently. Some of us race in, getting past the decision point as quickly as possible, leaving it to the facts to catch up when they are ready. Some of us agonize over every possibility, getting so caught in the "what-ifs" that we become paralyzed with indecision.

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    Going Through a Divorce? Three Money Tips,Financial Advice from Miata Edoga | The New Girlfriendology | Be a Better F...

    "I couldn't believe how much I didn't know," a girlfriend recently told me. We were talking about the divorce she'd gone through three years ago. "Partly I just ignored all that financial stuff. I thought it was great that it was his responsibility-like putting out the garbage and fixing the leaky faucets.

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    Every now and then it really pays to go back to the beginning. Even when we think we know something really well. Have you ever looked at a recipe you've been making from memory for years only to find out that there is an ingredient you'd forgotten or a different measure or...(this happens to me far more often than I care to admit).

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    Sometimes we call a girlfriend for a silly, "fluff" conversation: how are ya' doin'? Guess what color I dyed my hair? Have you seen the latest episode of ...? Sometimes we call because we want something more substantial: philosophy or perspective or great girlfriend advice.

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    Some things seem easy when you listen to someone else or watch a sitcom (where both sides of the dialog are scripted out). Talking about money is one of those things that-for many of us-is much harder in real life than it is in our head.

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    Going Phishing - Protect Your Financial Information, Advice from Girlfriend Guru Miata Edoga | The New Girlfriendolog...

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    There is a difference between fishing and phishing. Not just the spelling, but the harm it can do to your identity and finances. In one, actual fish are the goal; in the other, it's our money (or us, depending on how you look at these things).

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    If you want something, it will elude you. If you do not want something, you will get ten of it in the mail. ~Anna Quindlen Girlfriend guru and financial wiz MIATA EDOGA tells us not to immediately toss all that boring retirement stuff in the recycling bin. At least not right away.

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    I like a teacher who gives you something to take home to think about besides homework. ~Lily Tomlin as Edith Ann It's also a great time to pick up supplies for school, work, or just around your home. We love the one-cent sales. We love them so much, they sometimes lead to overstocking on things.

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    5 Steps to Buying Big Ticket Items, Financial Advice from Miata Edoga | The New Girlfriendology | Be a Better Friend ...

    Some things are so easy to purchase. Other things represent more of a challenge. My favorite way to deal with big purchases is to put someone else in charge. Of course, once they make a final suggestion I usually want to weigh in on the decision, so that doesn't work out to well in the end.

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    "If you risk nothing, then you risk everything." Geena Davis What if you don't like me? What if I vote differently? Dress strangely? Talk with an accent, have a diverse background or live a different lifestyle? Will you still be my friend? Friendship comes with risks ...

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    The trouble with retirement is that you never get a day off. Abe Lemons For some of us (OK, for most of us), retirement seems far away. Maybe it's that we're young (or young at heart). Maybe it's that we haven't saved enough for retirement.

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    We're watching the Olympics in my house (big surprise, right?) so the arguments these days are generally either with the television ("That was SO not a penalty!") or among ourselves about which of the zillion channels we should be watching. These are easily ignored, quickly forgotten non-arguments.

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    A bank is a place that will lend you money if you can prove that you don't need it. ~Bob Hope I was having lunch with a group of girlfriends recently and we were joking about a ridiculously expensive purchase. "Ah, who needs money?" joked Sammi. Every hand at the table went up.

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    A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for so long many did not know how to obtain one, or what to do with the information it provided. Ruben Hinojosa It's easy to do.

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    The little money I have - that is my wealth, but the things I have for which I would not take money, that is my treasure. ~Robert Brault Friends are such a valuable treasure. And friends who share helpful girlfriend advice on things we often need to know, are invaluable as well.

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