A Lot Is Changing Right Now—But Your Finances Are One Thing You Can Control
- Divorce is Simple
- 6 days ago
- 3 min read
Written by Amanda Amrita Dindayal, Financial Coach & Mortgage Agent, from Red Pocketbook
During and after a divorce, life can feel like it’s being turned upside down. Your home, your emotions,
your routines—even your sense of identity—may all be shifting. But your finances are something you can take control of…
Building a better financial foundation isn’t just about budgets and bills—it’s about regaining your power, creating security, and designing your future with intention. Here are 4 simple things you can do right now to regain your financial health and confidence as you move forward.
1. Define Your Financial Goals
Setting clear financial goals is one of the most motivating things you can do. Knowing what you're working towards helps you stay motivated and focused.
What are your goals?
Save for a new home?
Pay off debt?
Build your emergency fund?
Start investing for the first time?
Work on your retirement plans?
2. Track Your Expenses
There is power in simply knowing where your money is going. Right now, when things may feel uncertain, that power can give you clarity and control.
You may be dealing with new costs—like childcare, legal fees, or setting up a new household—or a drop in income if you relied on shared finances. Tracking your expenses helps you:
Spot patterns you can quickly shift or improve
Identify what’s an essential expense versus a want
Make intentional spending choices
Build the foundation for a fresh, realistic budget
It doesn’t have to be fancy. Use a notebook, an app, or even your phone’s Notes. Don’t aim for perfect—just begin.
3. Untangle and Update Your Financial Accounts
This is your fresh start—so make sure your accounts reflect that.
Open new accounts in your name, if needed
Remove your ex-partner’s access to shared accounts
Review your insurance policies and retirement accounts
Update beneficiaries and emergency contacts
These updates are more than administrative; they’re necessary to protect yourself and can be symbolic of your new chapter.
4. Know Your Numbers
This is the last step that ties it all together. Create a simple overview of:
What you own — your Assets (bank balances, investments, property)
What you owe — your Liabilities (loans, credit cards, legal obligations)
What you earn monthly & annually
What your expenses are monthly & annually
This overview can bring clarity and confidence. From here, you can build a budget, set milestones to reach your goals, and make decisions with confidence.
You’re in Control — You’ve Got This!
Divorce marks the end of one chapter, but it’s also the beginning of a brand-new one. While this transition is emotional and sometimes overwhelming, it’s also full of opportunity.
Each small financial action you take—whether it’s tracking your coffee runs or setting a savings goal—is a declaration that you’re in charge of what comes next.
At Red PocketBook, our mission is to make you financially healthy and confident—so you can focus on what truly matters to you. We’re here to walk beside you every step of the way.
Feel free to reach out and book a free call to start your journey of Financial Health and Confidence.
Book a free discovery call with Amanda today: www.redpocketbook.ca
Ready to take the next step in your divorce? Schedule your free consultation today.
Let’s talk about your situation and explore your options. Click below to schedule a no-pressure consultation with one of our trusted professionals.
Disclaimer: This blog post is intended for informational purposes only and does not constitute legal or financial advice. For specific legal guidance, please consult a qualified family lawyer. This is not intended to be used as advice.
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