Mastering Divorce Finances: A Guide for Solo Moms w/Patti Handy

Divorce is never easy, but it can be especially trying for solo moms who do not have a healthy money mindset. Yet, we can't afford to let our emotions overtake financial wisdom.This episode will give moms facing divorce some tips on how to manage their finances.Patti Handy is a solo mom who helps women sort through their finances. She's also a Certified Executive Coach, Certified Life Coach, holds a Real Estate Brokers license, and published author of four books.**In this episode, we discuss the financial challenges that solo moms face after divorce and how to overcome them. We also cover topics such as:Taking an inventory of your finances (2:30)The "God wink" that caused Patti to start focusing on her finance(3:40)Advice if you're currently going through a divorce or negotiating finance with a co-parent (5:57)What is a money mindset (16:28)Getting help from a financial advisor (17:00)Key Takeaways:Solo moms need to control their emotions and focus on their finances during and after divorce.The first step is to take an inventory of your assets and liabilities.Once you know where you stand financially, you can create a budget and start to pay down debt.It is also important to save for the future, even if it is just a small amount each month.If you are feeling overwhelmed, don't be afraid to get help from a financial advisor.Bio: After spending a combined 20 years as a Financial Advisor and Mortgage Advisor, and having countless conversations with women, I decided to pursue my dream of Financial Coaching for Women. I'm a teacher at heart and I love to educate and empower women with money smarts!Connect with Patti on Facebook | Website | Instagram: @pattihandyPatti is another awesome guest from PodMatch. Check out Patti's book: Money Rules 101: Master Your Money Before it Masters You - A Guide for Parents and Teens on Amazon.Don't parent alone. Connect with solo moms just like you at one of our meetups. Want to chat privately? Book a free one-on-one with me using this link.https://solomomstalk.mysites.io/podcast-2-copy/financial-tips-for-divorced-solo-moms-w-patti-handy Disclosure: This page contains affiliate links which means if you make a purchase after clicking one of these links, I may earn a promotion. Thanks.This podcast is hosted by Captivate, try it yourself for free. #DivorceFinancialTips #MoneyMindsetforSolo Moms #ManagingFinancesAfterDivorce#EmpoweringSoloMomsFinancially #OvercomingFinancialChallengesduringdivorce #BudgetingAfterDivorce #SoloMomMoneyManagement #FinancialAdvisorforSoloMoms #CopingwithDivorceFinancially #BuildingFinancialIndependenceAfterDivorce #MoneyTipsforSoloMoms #FindingFinancialStabilityAfterDivorceMentioned in this episode:Don't Parent in SilenceHello Solo Moms. As a solo mom of three adult sons, I understand the challenges you face on a daily basis. As a mentor, my mission is to help you shift your mindset and empower you to take control of your life, to see yourself as God sees you. I know that unresolved trauma can be a heavy burden to carry and parenting alone can be a lonely journey, This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit francisj.substack.com