5 Money Moves to Make in the First 90 Days After Divorce
Divorce changes every aspect of life—including your financial picture. For many, the first few months after a divorce are overwhelming. There are court documents, lifestyle adjustments, and emotional recovery to manage.
Yet, how you handle your money in the first 90 days can set the tone for your future financial stability. These five moves will help you create clarity and control so you can rebuild with confidence.
1. Separate Bank Accounts and Credit
One of the first steps after divorce is to separate financial accounts.
Why it matters: Keeping joint accounts open can leave you exposed to accidental or unauthorized withdrawals, and it can make budgeting nearly impossible.
Action step:
Open your own checking and savings accounts.
Redirect your income and automatic payments to your new account.
Close or freeze joint credit cards and remove authorized users from accounts.
2. Update Beneficiaries and Insurance Policies
Most people forget to update beneficiaries after a divorce. Life insurance policies, retirement accounts, and even health insurance dependents may still list your former spouse.
Why it matters: If something happens to you, your assets might go to someone you no longer intend to support.
Action step: Review all policies and accounts (401(k), IRA, life insurance, pensions) and update beneficiary forms.
3. Build a Realistic Post-Divorce Budget
Your income and expenses likely changed. Whether you’re paying or receiving child support or alimony, or adjusting to one income, you need a fresh financial plan.
Why it matters: A realistic budget prevents overspending and gives you a roadmap for future savings.
Action step:
List your fixed expenses (rent/mortgage, insurance, utilities).
Identify variable spending (groceries, dining, subscriptions).
Include savings—even if it’s small at first.
4. Check and Protect Your Credit
Your credit score is critical to rebuilding financial independence.
Why it matters: Joint accounts, missed payments, or high utilization after divorce can hurt your score.
Action step:
Get a free credit report from AnnualCreditReport.com.
Look for joint accounts that need to be closed or refinanced.
Consider using a credit monitoring service.
5. Start an Emergency Fund
Unexpected expenses happen—especially during major life transitions.
Why it matters: Having even $500–$1,000 in savings creates security and peace of mind.
Action step: Open a separate savings account and automate a small monthly deposit.
Final Thoughts
The first 90 days are all about clarity and protection. These moves put you in control and give you a sense of direction when everything else may feel uncertain.
Want a step-by-step guide to these moves?
Download our Free “5 Money Moves After Divorce” Checklist.
