About Us  > Blog

Assessing your financial health after a divorce

by Catherine Muriel on 05/26/09

Many women decide to stay home after they have a child. Their husbands become the primary breadwinner and they manage the home – from doctor appointments to finding the right pre-school for their children. Unfortunately many women choose not to manage the investments and important financing decisions. Many pay the household bills but likewise many allow their husbands to invest the family savings ranging from life insurance, annuities, IRA’s, 529′s and 401 (k)’s.

If a divorce occurs and the wife has not been involved in these important financial decisions it can be a steep and daunting learning curve.

Managing your budget and your savings is critical. Many Americans live close to the monthly paycheck so if a situation happens, such as your car breaking down, it can stress your savings or worse, can put you into an impending “insolvency event”.

It is important to understand your financial situation – so start now. Go through all your financial records and set up a filing system that works for you. If you are comfortable with Excel put a spreadsheet together. Once you have determined what is going out, what is coming in and what is being placed in savings instruments you can put together a comprehensive budget.

If you are not saving, reassess your lifestyle and make the necessary cutbacks and adjustments. If you are saving, determine whether it is enough to cover your retirement years and pay for your kids’ college education (or at least a portion of their college).

It may seem overwhelming, especially having gone through a divorce. There are a number of sites and networks that can help you get started and encourage you along the way. It is well worth the investment of your time.

Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required) Email will not be published.

Comment Policy


To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word

posted in Lenders,Personal Finance Education no comments »

Connect with us



Prosper Increases Allocation to Fractional Pool

By Prosper on 07/30/15   [ 0 ]

Posted by Eric Thaller To improve the investing experience for Prosper’s community, Prosper recently made a change to its platform. Prosper started increasing the allocation of loans to the fractional pool over the last week, so that retail investors can invest more in the fractional pool faster and easier. Prosper’s CEO, Aaron Vermut, alluded to [...]

Read More

Prosper Introduces Debt Sale Program

By Prosper on 07/21/15   [ 0 ]

By Eric Thaller As part of our ongoing efforts to improve the investor experience on the Prosper platform, we are making changes to the way we deal with charged-off loans.  On July 17th, Prosper introduced a debt sale recovery strategy aimed at delivering an increased level of return for investors in a more timely manner. [...]

Read More

Prosper Opens for Business to Investors in Indiana

By Prosper on 07/13/15   [ 2 ]

Posted By Eric Thaller Today we announced that the Prosper platform is now available to investors in Indiana. With the addition of Indiana, Prosper is now open to investors in 32 states and the District of Columbia. We appreciate the work of the state regulators to bring this investment opportunity to its residents. As one [...]

Read More

« Older Entries

Monthly Archive

Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.