Newly Single? How to Financially Get Over Your Ex (from www.hicharlie.com)

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Breakups are painful and confusing. All of a sudden, your life is completely different and you now need to deal with everything on your own — including financial matters. Even though your heart is bruised and mind is dazed, you need to take charge of your money and financially get over your ex. This is especially true if they handled the household budget or were the main breadwinner.

To avoid adding money misery to your heartache, follow these 10 tips:

Adjust Quickly

It’s natural to wallow in the pain, binging on ice cream and Netflix. However, you need to acknowledge your new reality as soon as possible. If you don’t, you could find yourself in a financial world of hurt. Once you’ve come to grips, you can make a plan.

Determine Your Living Situation

If you and your ex live together, you need to decide who stays in the house or apartment. If unmarried with the mortgage or lease in only one of your names, the decision is easy. But, if it’s a joint venture, you’ll need to partner on a solution.

For owned property, the fairest route may be to sell and split the proceeds. (Or, one of you could buy out the other.). If you are navigating a divorce, the terms of the divorce will decide what happens to the home.

For rented property, you’ll need to involve your landlord. They can make official changes to the lease so that you or your ex is no longer legally responsible for paying rent. If neither of you can afford the apartment on your own, you may need to sublet, re-let, or break the lease.

Regardless of whether you’re staying or going, you need to consider the financial impact. If your ex is leaving, you’ll lose their income. If you’re leaving, you’ll lose their income and need to come up with the cash to move.

Take Stock of Possessions & Debt

A moment ago, everything was shared. Now, it’s a definite case of yours and theirs. Regardless of marital status, anything owned before the relationship typically stays with you. If you’re not married, you and your ex should divvy up items acquired together, or choose to sell them and share the profits. Joint bank accounts should be split fairly and then closed. Further, if you incurred debt together, you should divide responsibility for the balances and close those accounts (preventing your ex from racking up more debt you’d be liable for). Typically, unless there is a dispute, legal intervention is not required.

If you’re getting divorced, your state laws will determine how assets and debts are divided (prenuptial agreements will have an impact as well). In most states, the court will distribute assets and liabilities fairly (not necessarily equally). In the nine community property states, everything obtained during the marriage is split 50-50. Be sure to understand the terms of your divorce or custody arrangement, if applicable, so that you can take advantage of everything that you’re entitled to.

Tip: Don’t forget to change the name on the utility accounts! You don’t want to be responsible for paying for electricity, heat, water, or internet after you move out.

Open Up Your Own Accounts

To move forward, you need to completely separate your finances from your ex. After closing your jointly held asset and debt accounts, open up any new ones that you need. Make sure that anything tied to money is in your name only.

Make (and Stick to) a Budget

You’re now in charge of running your own household and need to set a new budget to reflect that. Add up all of your expenses, including debt payments. Then, add up all of your income sources, factoring in alimony/child support, if applicable.

If your income falls short of your expenses, you need to make quick adjustments to your spending/find ways to increase cash flow. And, even though it’s tempting, try to avoid post-breakup retail therapy, which could cause you more grief and regret.

Tip: If you’re new to budgeting (or are a little rusty), try using a worksheet like this. There are also countless online tools and calculators like these that can help. Remember, Charlie can help you track your debt and spending so that you can stick to your newly created budget.

Update Legal Documents

Unless otherwise required by the terms of your divorce, now’s the time to take your ex out of your will and off of your list of beneficiaries. Be sure to update these documents and name new beneficiaries.

Understand Tax Implications

If you’re divorcing, consider speaking with an accountant to see how your tax liability will change. Generally, single people pay higher taxes. If your income tax withholding is set as “married,” you may want to adjust it by filling out a new w4 form with your employer(s).

Revisit Your Retirement Plan

Since you’re now flying solo, you should re-evaluate your retirement plans. Of course, a lot can change between now and your golden years, but you should ballpark how much money you’ll need if you’re just covering yourself. If you’re divorcing, retirement plan assets accumulated while married are subject to division as part of the proceedings. This monetary gain (or loss) will impact how much more you need to save. Finally, if you’re going to be financially strapped for awhile, consider if it makes sense to suspend contributions to your retirement plan until you’re back on your feet.

Keep Tabs on Your Credit

Your credit situation will change as you close some accounts and open others. Keep a close eye on your credit report to make sure all activity reported is accurate. If you haven’t already, remove your ex as an authorized user on any accounts that you’re keeping.

Tip: If you think your ex may purposefully use your cards, consider changing your credit card account numbers or freezing your credit.

Get Help

If you’re feeling lost and overwhelmed, ask for help. This is a difficult time and there are resources to make this transition easier. Your family and friends can offer support, encouragement, and distraction from the current drama. Community services can connect you with food, housing assistance, career development resources, and more if you’re feeling pinched. Finally, professionals can help with the legal, mental health, and financial planning aspects of this challenging chapter.

This article is for general guidance only. Since every situation is different and laws vary widely from state to state, you’re encouraged to seek the advice of a qualified professional before taking action.

Final Thoughts

Ending a relationship is one of the most difficult parts of the human experience. In a way, your world is ending. But, in a way, it’s just beginning, too. If you follow the tips in this article and lean on your support system, you’ll be well on your way to owning (and loving) your new single, empowered life.

This article was written by Laura Gariepy and originally published on www.hicharlie.com  

Four Things a Celebrity Can Teach Us About Love

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I know, you’re probably wondering…what in the world? A celebrity? What could any celebrity teach me about love? Celebrities are the most dysfunctional relationships ever seen. True–in most cases, however, there are some things that celebrities can teach us about love and relationships, so let’s take a look.

7 Scary Relationships

Posted on by Coach Steph
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There are all kinds of relationships…but here are six that I find a little, and one that I  find really “scary.”

We don’t really know anything about each other.
Consider the fact that most people send their representative out on at least the first 5 dates, and add to that the reality that the majority of people who date don’t want to ask hard questions about the other person, and the possibility of not really knowing anything about each other becomes very real.

But it doesn’t have to stay this way.  Both parties can ask meaningful questions so that they do get to know each other.  Questions such as:

  • What are your expectations for someone you’re in a relationship with?
  • Have you ever cheated? Why did you (if you did)?
  • What are your life and career goals?

help you come to an understand about who the person you call your “signif” (significant other).

I don’t like you, despite saying I love you.
Admittedly, I spent a decade in a relationship with someone I loved, but didn’t like.  But, liking the person you’re in a relationship with supersedes loving them–believe it or not.  The friendship element of your relationship helps sustain the rest of your relationship.  Out of friendship is born respect, trust, honesty, communication, common ground.  Friendship is the foundation of an amazing love story.

We don’t share anything/our communication sucks.
Sometimes we find ourselves in relationships with people who don’t let us into their lives.  If this is you, consider sharing some thing that is special, but doesn’t make you uncomfortable.  If you’re person who feels a bit jilted about what you’re not being told, then perhaps its time to look at the root of this situation.

Of course, you could always schedule an intervention or mediation, and we can talk through the things that are not being talked about.

I can’t trust you.
While this is a warning for both guys and gals, guys need to be aware that the gals in their lives need stability.  Stability doesn’t stop with trusting you to take care of things and being financially secure.  Trust and stability starts with keeping your word, calling/coming/doing when you say you will.  Every promise needs to be kept, or admitted that it can’t be kept.  It’s scares people (no pun) to be connected to someone that doesn’t keep their word, or fails to admit when they can’t.

In the end, everyone needs to be able to believe in the person they are with. Your word is your bond.

It’s just sex…REALLY!
You cannot build a relationship that lasts on sex.  You can build a sexual relationship, but to attempt to turn that into something meaningful is usually futile.  If it’s just sex, then that’s a decision that you BOTH should make, along with setting boundaries, getting tested, and agreeing that being physically intimate does not imply or guarantee an exclusive, long-term, or loving relationship.

If you want an exclusive, long-term relationship, you may want to consider exploring sex-free relationships so you can get to know each other and spend quality time without the burden of STDs, pregnancy scares, or late night texts asking, “what are
you doing?”

Lastly, you hurt me.
This is not just about emotional pain, but physical pain as well.  Without going through all the signs of an abusive relationship, the one thing that you have to know is that if you don’t feel safe…you probably aren’t safe.  Not only is today Halloween, but it’s the last day of Domestic Violence Awareness month.  If you’re in an abusive relationship–emotional, physical, financial, etc, perhaps it’s time to make this “last time,” be the LAST TIME.  Get  CONFIDENTIAL help now…

In conclusion, there are definitely some other scary relationships, and if you see your relationship in one of the seven above…there is something you can do about it.  There is no reason to settle for an average relationship when you can have an amazing relationship using the same time, energy and emotions.  Learn more…

Ask Coach Steph: Was My Marriage a Mistake?

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Coach Steph,

Hi! I my name is (NAME WITHHELD) and I am afraid that I have a big problem.  I got married six months ago to a man that I love, and who I thought loved me.  But since the wedding, he has been different.  He’s just not interested in me.  We don’t talk and we don’t go out.  He just comes home and sits in the house.  I have asked what is wrong, and I get a “nothing.”  I don’t know what to do, and now I am wondering if my marriage was a mistake.  I am scared to ask him if he wants a divorce. It’s just been six months.

Help!

-A.K.

Dear A.K.,

I am sorry to hear about your problem.  Recently, I hosted a mediation for a couple in a similar situation, and I am happy to say that now they are doing much better–and planning to stay together.  In your situation, first of all, know that the problem may or may not be you.  Perhaps he is overwhelmed by the new role of husband, or perhaps something has happened financially that is making him distant from you, because he fears he cannot be the husband you want, or that he promised you he would be–men do not do well, when their role of provider is tampered with.

The truth of the matter is, that perhaps you should–CALM AND NICELY–ask him if he wants a divorce (if and only if that feels right).  Asking can remove your fears and stop you from carrying that burden.  Secondly, perhaps being asked such a direct question might coax him into revealing what is really going on with him.  You have to be prepared that he might say yes; however, that is more than likely not the case.

Now…If the divorce question doesn’t feel right–don’t do it, an alternative is to tell him that you’re here and promise to be understanding, whenever he wants to talk…this might also pave the way for him to reveal the issue, if he was afraid of your reaction.  You must keep the promise to be understanding, by the way, or you could cause more damage.

The early stages of a marriage can sometimes be the hardest.  The two of you are merging lives, and trying to build a life together.  This can be stressful, especially if you have been on your own for quite some time.  Consider that this transition is also going on within each of you.  As you move into the roles of husband and wife, understand that most people have no REAL clue what it means to be married.  This is why we offer pre-and post-marital visioning programs, so that couples can set their expectations together, and then live up to them in peaceful co-existence, versus just being married, and having no clue what that means to you individually or collectively.

Check out Allison Vesterfelt’s six tips after six months of marriage…here.

In conclusion, you cannot go on living like this.  I am sure that there is a fair amount of hurt in your heart at this time, and my prayer will be that you’re healed so you may go forward without pain–and the baggage that the pain brings.  Again, I caution you to ask about divorce only if it feels right, and if not don’t.  If you cannot get a meaningful answer from him, I recommend praying and then finding a coach or a counselor–if only for yourself.  Whatever has changed him is substantial, and saving a marriage is no easy feat.  But, continue to walk in love, and keep your household a place of peace, and keep smiling…very soon, this will pass–one way or another.

Keep me posted.

 

3 Reasons Love May Not Be Enough

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Love seems to be the easy part.  People are falling in and out of love every day, and most have no clue why.  But there are others who, despite everything that is wrong with a “loving” relationship, have decided that love alone is the reason to stay–and mind you, some people are being treated really badly.  While the thought of staying committed to the love you have for this person is admirable, and is right up there with enduring a marriage that is failing for the sake of your children…the truth is…love may not be enough, and here are a few reasons why.

Reason One: Love is not synonymous with respect.

If the person that you love doesn’t respect you, then that is a problem.  When your memories of this special person in your life are littered with thoughts of their cheating activities, their lies, and even their bad habits, and the negative effect that they have on you, this is not about whether you love them, this is now a question of whether you love yourself.

Do you?

Reason Two: You may love them, but like them? Eh.

CONFESSION: I spent a long time with a person that I loved, but didn’t like.  While some people will say that love is more important, like is the glue that holds things together.  When I like you, it means that on a basic human level, I think you’re a nice person, a great guy or girl, and that you’re friend material.  Being friend material, and having a friendship within a romantic relationship is optimal.

Reason Three: They do not love you the way you should be loved.

This is usually the problem that most people encounter when they love someone, but the relationship is not quite right.  Just because someone claims to “love you,” that doesn’t mean that they know exactly what that means, or what it means to you.  There are entire programs, like the 5 Love Languages, that try to show people what love language they actually speak.  Some, like me, prioritize quality time, while others gifts or words of affirmation.  If the relationship works, but something is a little off–this may be a place to start. However, if the relationship doesn’t work (this means that you spend more time crying than smiling), then there is a bigger problem.  It’s time to sit down, perhaps use my SWOT Analysis Tool, which is in  The Business of Dating to figure out what is going on. (Click here to get the tool.)  When someone doesn’t love you the way you deserve to be loved–with respect, friendship, honesty, giving (of their time, energy and emotions) and commitment–that is not something that should be ignored, nor is it something that will go away.  It is a serious situation that requires a response.

In conclusion, it just must be said that love is not enough for a relationship to survive and thrive.  Sometimes we have to admit that and move on.  However, whatever you decide, do what’s best for you, and be encouraged by the lessons this situation has taught you.  There’s ALWAYS a lesson.

#CoachStephHasSpoken

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4 Reasons Your Marriage (Might) Fail… (Twosday@TRF)

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If you’ve been paying attention, it seems that everyone is getting married…EVERYONE.  And, while there are still hot debates on who should and should not be able to enjoy nuptial bliss, this article is not about that.

Marriage is a very important union between two people.  While it has been reduced to something you “just do,” and then use a swift divorce to get out of it, it’s so much more than that.  And, perhaps this article will help you see that.  Well, enough with the small talk…let’s get to some reasons…

Reason one: You have NO CLUE who you married.  Now, this is more than likely your fault, sorry, it just has to be said.  This seems to be the biggest cause of marriage failures, because people insist on bucking the order of things.  As any six could tell you, “first comes love, THEN comes marriage, THEN the baby carriage.” But that’s not how we do things now.  Most people have baby carriages and then marriage, but love (or even like) is no where in the equation.  We’re marrying people we don’t know because we “mightaswell.”  As such is the case, the due diligence necessary to learn about a person is never done.  And, then you walk down the aisle and start a future with someone who is NOT who you think (or want) them to be.

Reason two: You really just wanted a wedding.  Ah! Such a beautiful event.  The dress, the food, the attention, the gifts–all for you.  It’s easy to see how this happens, and unfortunately, some people loved the wedding, but hate the marriage.  While this may seem silly to some, there are people who just wanted the experience of getting married, and now their marriage is either failing or has failed.  Five words: Don’t…let…this…be…you!

Reason three: You’ve taken marriage advice from married people.  I say it often, “just because you are married, doesn’t mean that you know how to be.”  Some married people will give you flawed advice.  EVERYTHING from take revenge on your spouse to just leave your spouse.  Here’s the problem: it’s not their marriage!  The tenets of your marriage (which my clients explore in marital visioning and pre-marital coaching), are not the tenets of someone else’s marriage.  Stop believing that because someone has been married for “X” more years than you have, that they have the secret to your success.  Married people should seek unbiased support when encountering marital challenges, not the advice of those who could cause more harm than good.  Am I saying that all married people give flawed advice…not at all.  But, I am saying, that you should scrutinized the advice you receive, and if there’s not a stitch of encouragement or support in their statements to you…RUN!

Reason four: Communication has gone out the window.  Everyone knows that communication is required for any relationship to survive.  However, in a marriage, communication takes many different forms.  The communication that I am talking about, is the communication of needs and expectations.  During a marriage, people continue to evolve and to learn about themselves–this is good.  What is not good is when the other spouse is unaware.  Communicating needs and expectations is an ongoing process in a successful marriage, and when your spouse meets your needs and expectations, then celebrating them is in order.  In fact, communication and celebration go hand in hand in a marriage–don’t think otherwise.  Everyone needs a pat on the back (or lower, if that’s a need-smile).

In the end, these are just 4 of many reasons your marriage could fail, but it doesn’t have to.  We help marriages in crisis all the time with mediations and coaching, so reading this article could be a turning point in your marital relationship.  Remember, you avoid bad relationships (and marriages) when you get FIRM. www.TheRelationshipFirm.com

He’s (or She’s) Not Relationship Material

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He’s sweet, kind and even super nice when the opportunity presents itself.  You find yourself wondering if he could be the guy that you’ve been hoping for, despite the fact that he’s never made an advance nor seemed all that interested.  Nice, but not really “interested.”

But he could be the one…right? Or, at least the one for right now,  yes?

Well…Sadly, no.

Take the fact that he’s never made an advance to heart.  It’s not that he’s not interested, it’s that he is not, I repeat, not relationship material.  This is not a cliché, this is a reality.

So, what does it mean, he’s not “relationship material?” Great question.  Not being relationship material means that this person is not ready nor willing to invest the effort necessary to initiate or to maintain a mutually beneficial romantic relationship.  Yes, this does apply to people in friendships, but people are more apt to put more effort into making someone romantic relationship material–so that’s the angle I am coming from.

Now, most people believe that this is a fact that can be changed.  Many people believe that if they make enough of the effort for the person, that they will eventually pick up the slack because all they need is someone to care for them.

Again, no.

This person has made a decision to avoid relationships.  This is why he, or she, is nice but not pursuing you.  Don’t delude yourself into believing that you can change their mind.  For whatever reason, they are deeply committed to themselves, and that’s their priority.  If you choose to make the effort to change their mind, you are only setting yourself up to be disappointed, aggravated and often frustrated with the fruits of your labor.

Consider the possibility that perhaps they’ve recently been hurt–deeply hurt–by someone who they trusted.  This hurt created such pain within them that they decided that they needed to take a break…to heal. Or, perhaps they just realized that all their relationships are ending badly.  They’ve decided to get to the bottom of this cycle, and to do so means stepping away from starting a new romance–at least for now.

Now, you are in their life, hoping and wondering that this may become “something.” Honestly, it might…but not right now.

The best thing that you can do is to respect this person’s decision to take time to heal.  That is the best thing you can do.

  • Not try to convince them how awesome you are.
  • Not attempt to care and love them into being obligated to start a relationship with you.
  • Not lecture them about what they’re missing out on (this means you) because they are guarded or cautious.

Just respect the decision, and be the friend, confidant or best buddy that they need now…if you can handle that.  If you can’t, then care about them from a distant.  There is another option: you can wait them out.  But, seriously, do you have that kind of time?

Really?

You will avoid many, many moments of sheer confusion if you accept the fact that he, or she, is just not relationship material.  If you choose to do anything else but accept it, then let me know how that works out for you.  I am willing to be wrong–but I don’t think that I am.

Bottom line: Accept it…it’s ok.

#CoachStephHasSpoken

♥ Avoid bad relationships when you get FIRM. www.TheRelationshipFirm.com

3 Reasons People Lie to the Ones They Love [LATE NIGHTS WITH COACH STEPH]

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As a relationship advocate and relationship professional, I’m becoming increasingly annoyed by the lack of honesty in relationships.  And, I am sure that you agree with me.

The worst offenders are those who lie in the name of love.

So, in true “Coach Steph” style, here are three reasons people lie to the ones that they love.

Reason one: they are wussies.  Don’t be offended if this pertains to you, the truth is that it pertains to many human beings at one time or another.  Periodically it seems easier to lie–by admission or omission–instead of to face the reality and speak  the truth!  Ultimately, we all need to man up (or woman up) and be people of true integrity.

Reason two: the truth will hurt the other person.  Ummmmm duh! But a quickly discovered untruth hurts more.  If we truly care about NOT hurting the people in our lives, then we have to be truthful.  And, better yet, we have to make decisions that will not put us in the position where we feel lying is the solution to the dilemma.  This includes: not going places you’ve both agreed to not go to; talking to people who may cause strife or confusion to enter your relationship (this goes double…err, triple if you are married.) You get the point…honor your relationship.  If you can’t honor it, then let it go…now that’s the truth!

Reason three: the truth will rock your world! Sometimes we have to be honest, but in doing so, everything will have to change.  This covers everything from having to start or stop a relationship, more specifically, cutting people off; to deleting numbers; to accepting that you and this person are now priority.  So many times, this is the reason that the truth cannot come to light.  And, that it doesn’t come to light.  But, again, when you love someone…the truth has to take priority.  The truth may change everything, but what’s the alternative?  Living a lie is painful, and ultimately leads to undeniable unhappiness.  Referring back to reason one…stop being a wussy.

Now, if you are guilty this is your chance for redemption…if you love, like, hate, resent, need, care for, or need to break up with someone…tell them, period.  This game of lies and fallacies is for kids.  Grownups should operate in total transparency at every opportunity.  Time is not promised.  How would you feel if someone you love didn’t know the truth? Would you regret not telling them?   Would you wonder how things would have gone? If any of this matters, then stop with the excuses.

Let the truth set you free!

♥ Avoid bad relationships when you get FIRM. www.TheRelationshipFirm.com

Coach Steph Asks: How Long?

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 If the player doesn’t give you what you need…click HERE:

 If it’s been long enough, then it’s time to do something about it.  Stop making excuses and get on the team.

[button link=”http://www.therelationshipfirm.com/contacttherelationshipfirm” color=”#9b0254″ size=”6″ style=”1″ dark=”0″ radius=”auto” target=”blank”]It’s been long enough![/button]