smart spending

Negotiating a divorce settlement

Anger
Anger © wavebreakmedia/Shutterstock.com

It's easy to understand why anger figures prominently in a divorce. Promises are broken, trust is betrayed, feelings are hurt, hearts are broken. "Anger is a common component of a failed marriage," says Justin A. Reckers, a Certified Divorce Financial Analyst, or CDFA, and managing director of Pacific Divorce Management in San Diego. "Letting anger cloud your view of the largest financial transaction of your life is a deadly sin."

Individuals and couples should work to remove anger from their financial negotiations, advises Reckers, whose firm specializes in the practice of collaborative divorce, bringing parties together to avoid divorce court. "Parties who find the ability to negotiate the end of their marriage without anger will find themselves with more emotional and economic resources left after the divorce is finalized."

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.20%  0.07 4.27%
15 year fixed 3.27%  0.06 3.21%
5/1 ARM 3.53%  0.15 3.38%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.29% --0.00 4.29%
50K FICO-based HELOC 4.04% --0.00 4.04%
100K FICO-based HELOC 3.89% --0.00 3.89%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.98% --0.00 2.98%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.95%  0.04 0.91%
2 Year CD 1.15%  0.02 1.13%
5 Year CD 1.75%  0.01 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.01 15.78%
Cash Back Cards 16.48% --0.00 16.48%
Low Interest Cards 10.96% --0.00 10.96%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us