Financial Coaching Westminster

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George Hay
+44 (0) 20 7630 0582
83 Cambridge Street
Killik & Co
+44 (0) 20 7734 0150
27 Sackville Street
Killik & Co
+44 (0) 20 7761 4402
45 Cadogan Street
Foremost Leisure Holdings
+44 (0) 20 7487 2828
15 Crawford Street
Angel Finance
+44 (0) 20 7183 4422
166-168 Whitecross Street
Killik & Co
+44 (0) 20 7337 0400
46 Grosvenor Street
+44 (0) 20 7976 5445
43 Grosvenor Gardens
+44 (0) 800 027 5797
199 Wardour Street
Killik & Co
+44 (0) 20 7600 9990
20 King Street
+44 (0) 20 7168 7595
111 Hanbury Street
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Divorce financial settlement and household budgeting

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Financial Advice

  • Separating Your Finances
  • Securing Your Financial Future
  • Tax & Benefits

Securing Your Financial Future

After a divorce is final and you have split the assets and money from the relationship it is possible you may be one of the lucky ones and find yourself with a healthy financial settlement. Most people however discover they are in a much less secure financial situation than previously. If this is the case, careful planning and thought will be required to ensure your future financial security.

Re-establishing your financial life when single may be a daunting prospect so here are a few suggestions:

  • Think of your children first - what money do they need now and in the future and where is this going to come from? Your ex-partner should be contributing to their upbringing. If the payments are not forthcoming the CSA can enforce maintenance payments .
  • Basics matter most - a roof over your head, food, water, heat and light. Prioritise paying for those. If you are struggling then let the companies know - don't bury your head in the sand and let things drift into debt.
  • You will probably be able to save considerable amounts by switching your utility accounts to new providers. The average household could save £140 off their energy bills if they changed supplier.
  • Make sure you have all bills set up in your name and a bank account in your sole name.
  • Gather information about your financial circumstances and draw up a sheet of your income and expenditure, assets and debts.
  • Make a financial action plan based on this information - this should have 3 sections. Ideas for saving money; ideas for earning more money and a section prioritising your outgoings and debts to pay.

If you need a cash loan of up to £750 then go to PaydayUK

click here

See the information lenders see. View your free Experian credit report online .

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