One for the money

Nov 11 16:11 2019 Print This Article

For Megan*, having control over her money after her divorce brought some sense of relief. As the sole breadwinner near the end of her marriage, she says her biggest financial weakness was her ex, an excessive spender. “I’ve always paid off my credit card bills every month and put 10% of my pay in savings. While I was married, I was the squirrel storing all the nuts and he was taking them,” she explains. (*Megan’s name, along with others in this article marked with an asterisk, have been changed at their request.)

Today, Megan is autonomously managing her money. However, she’s facing new challenges while she juggles the cost of single motherhood because, as she’s discovering, solo parenting has a learning curve when it comes to achieving fiscal wellness. Enter Eva Sachs, a Certified Divorce Financial Analyst (CFDA). She specializes in helping moms who are navigating the expensive task of raising a family on their own. From finding money to pay spousal support to saving for a home, Sachs shares her valuable expertise with four moms—including Megan—to guide them through their their distinct financial dilemmas. 

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About Article Author

Money Sense

MoneySense is a Canadian personal finance and lifestyle magazine published by Rogers Publishing Limited, a division of Rogers Communications.Written for Canadians who want to take financial control of their lives, MoneySense is Canada's best-selling investment and lifestyle magazine, helping readers make smart, informed decisions about how to get the most from their money. The magazine has received many awards, including multiple National Magazine Awards and CFA Society Toronto Awards.

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