MAKE A CLEAN BREAK

DIVORCE can significantly impact every aspect of someone's life, including their emotional, mental, and physical health.

- 

It doesn't matter how many people are around you giving support - divorce can make you feel more alone than you have ever felt.

Studies have linked divorce to a higher risk of depression, anxiety, and other mental health conditions.

The stress of divorce will also show up as physical symptoms, such as a weakened immune system, so you get sick quicker and more often, weight issues and sleep challenges.

Yet, the most common (and probably the most recognised) effect of divorce is financial distress. It will usually be most taxing on the parent who is responsible for the children.

The struggle is real, and chances are it will show.

Alex Odendaal, an associate financial planner at Crue Invest, offers 12 practical strategies that can help you move forward after divorce.

1. Take ownership of your accounts: Separating all financial ties from your former spouse involves setting up accounts in your own name, redirecting all income and debit orders, and closing any joint accounts that are no longer needed.

2. Draft a budget that reflects your new reality: Moving from a two-income household to a single-income home requires a fresh approach to budgeting. Focus on creating a flexible budget that reflects your new expenses with room to manipulate as you navigate your changed circumstances.