When a marriage ends in divorce, it can be an incredibly stressful and scary time for both parties. But when you’ve had nothing to do with the family’s finances, an unexpected divorce can leave you feeling lost and fearful of your present and future security.
When Sally came to Efficient Portfolio, this was the exact situation where she found herself. Sally’s husband had always dealt with all of their financial affairs, so she wasn’t sure what resources she had, or if she had enough to get by. She was very much ‘left in the lurch’ and was worried that she didn’t have enough for the future, or what she needed to do.
Professional guidance is crucial at a time like this, whether you are experienced with your finances or not. Our primary focus was to give Sally a clear insight into what she had and how she could manage her money to deliver the life she wanted. Education and support were the key services we provided for Sally, as she was very inexperienced with money and needed some solid guidance to restore her confidence.
With our one-on-one advice, workshops and ongoing support from other members of the team, we helped Sally through this unknown world of finance and steadily guided her along her new path. One of the key things we did was to make sure Sally got the best out of the divorce settlement, so that she had a good level of wealth for the future and helped bring some peace of mind to the unfortunate situation.
Lifetime Cash-Flow Forecasting was also a key tool in helping to deliver some clarity, and we were able to show Sally that she would have enough in the future. Using this tool, and our ongoing support, we helped Sally make the right decisions with the finances and she is now looking forward to her new life. I think she also feels empowered and in control, knowing that she has a really good handle on her money.