Overcoming Financial Overwhelm in Divorce with Kimberly Palmer

Divorce can turn your financial world upside down, but it doesn't have to stay that way. In this episode of Divorce Dialogues, Katherine Miller is joined by Kimberly Palmer, a personal finance expert from NerdWallet and the author of “Smart Mom, Rich Mom.” Together, they dive deep into the financial challenges that come with divorce, offering practical advice to help you regain control of your finances. Kimberly offers a judgment-free approach, guiding individuals to build a sustainable, grounded financial future that supports their life and goals. She emphasizes taking small, manageable steps and aligning financial decisions with personal values, which is especially vital when dealing with the intense emotions of divorce. This empowers people to not only grasp the financial figures but also to establish a secure foundation. This conversation provides clarity, reassurance, and actionable steps to help you move forward with confidence. In this episode, you’ll learn: - Practical steps to rebuild your finances after divorce and regain control over your money; - How to shift your mindset to confidently manage finances on your own, even if you weren’t previously involved; - The importance of aligning your financial decisions with your core values for long-term stability; and - Common mistakes to avoid and how to break down financial tasks into manageable steps for clarity and confidence. Highlights: (00:00) Meet Kimberly Palmer (02:29) How divorce disrupts women’s financial plans (04:44) The impact of historical money lessons on divorce (08:05) Creating a cashflow statement for financial clarity (09:55) Taking small steps to tackle financial overwhelm (11:27) Common financial mistakes during divorce (13:23) Balancing long-term goals with short-term financial stress (17:07) Building financial confidence after being less involved (19:03) Redefining financial identity after divorce (20:19) Overcoming money shame and seeking support (22:18) Rethinking budgeting to align with your values (23:52) Stories of women successfully rebuilding financially post-divorce About our guest, Kimberly Palmer Website: https://www.nerdwallet.com/ Download the app for resources from NerdWallet: https://tinyurl.com/2u3c9fhx LinkedIn: https://www.linkedin.com/in/kimberlyspalmer/ Kimberly Palmer is a personal finance expert at NerdWallet. She is also the author of three books about money: "Smart Mom, Rich Mom," "The Economy of You" and “Generation Earn.” About Divorce Dialogues and Miller Law Group Katherine’s LinkedIn: https://www.linkedin.com/in/kemiller1/ Miller Law Group: https://miller-law.com/ More on her book “The Emotionally Savvy Divorce” at: https://katherinemiller.com/book/