When facing separation, the fear and overwhelm of finances can feel like the last insurmountable obstacle to freedom. Many people, paralyzed by the unknown, stay in unhappy marriages for the money.

This week on A Year and a Day, Jaime Davis sits down with Lori Atwood, CFP®, founder of Fearless Finance, to demystify money management during and after divorce. Lori's firm provides objective, hourly, and affordable financial planning, driven by the mission that finances should never dictate a life-altering decision.

They discuss the emotional roots of financial fear, the practical steps to gain control, and the critical elements of building a secure, sustainable life post-divorce.

Tune in for:

• Why the question "Can I survive?" is often the last piece of the puzzle people need answered before deciding to leave a marriage.
• Lori's top two immediate steps for the "non-moneyed spouse" upon separation: establishing individual credit and gathering data on all accounts.
• Why the marital house is often "the elephant in the room" and why, from a financial standpoint, selling it is typically the cleaner and less stressful option.
• The financial pitfalls of nesting and why this arrangement is generally detrimental to long-term financial stability.
• Lori's simple spending tracker model that focuses only on two main areas—groceries and discretionary spending—to help people consistently spend less than they earn.
• The advantage of the hourly, no-commission financial planning model for divorcing individuals who need objective advice without the pressure of being sold products.
• The building blocks of a post-divorce financial roadmap, including cash reserves, emergency funds, and retirement savings.
• Lori's single most important piece of advice: The most critical thing to your finances is your happiness.
  
  

About Lori Atwood:

Lori Atwood is the founder of Fearless Finance, a firm dedicated to providing objective, hourly, and affordable financial planning. Her goal is to demystify personal finance and help people achieve financial wellbeing, especially during major life transitions like divorce.

Resources & Links:

• Fearless Finance: https://fearlessfinance.com
• Gailor Hunt Law Firm: https://divorcestough.com

A Year and a Day is hosted by Jaime Davis, board-certified family law attorney at Gailor Hunt.