It doesn’t matter how much money you have, if you don’t have a system for how you spend it, how you save it, and how you invest it, then you won’t have it for very long.

This is why people who win the lottery end up penniless. Because they don’t have a system. They don’t know how to hold onto their money.

So many of the women I talk to who are either considering divorce or already in the throes of one don’t know how to manage money. They don’t have a system. But I don’t judge them because I was the same way before my divorce. I let my husband control all of the money. And boy, did I live to regret that!

When you’re going through divorce, you need to know where every penny of your money is. And how to hold onto it.

You need to know where it is AND you need to know exactly how much money it takes to maintain the “status quo” — your everyday lifestyle. This is how the court will decide how to divide the assets and what support is necessary. So you don’t want to shortchange yourself by not having all of the information.

Once your divorce is final, you’ll step into a new role: head of household. You will be the only adult in your home which means you and you alone will be responsible for earning, budgeting, saving and investing for the household. That’s a big responsibility! Do you have the knowledge required to do that job?

Don’t be scared by this — be enlightened. Realize where you need help or support, and find it. Reach out to me if you need to. I help women every day find out where their money is and how much debt there is, then help them devise a method for budgeting their money so that they can create financial stability in their household.

Money is not evil.

It’s not evil; it’s a necessary part of life. The more money you have, the more you can enjoy your own life AND be in a position to help others enjoy theirs. So don’t be afraid to think about it, and don’t be shy to talk about it. Instead, embrace it, and learn as much as you can about how to hold onto your money.