How to Build a Post-Divorce Budget You Can Actually Stick To
- Lisa McNally
- Jul 31
- 4 min read
Divorce not only marks the end of a relationship—it often signals a major financial reset. Whether you’re navigating life solo for the first time in years or rebuilding from financial uncertainty, creating a post-divorce budget is one of the most empowering steps you can take. At Optimal Divorce Solutions, I help clients gain financial clarity and develop realistic, sustainable budgets that reflect their new life and goals.
Why Post-Divorce Budgeting Matters
Post-divorce budgeting isn't just about tracking income and expenses—it's about reclaiming control. Many people overlook this critical step and end up making costly financial missteps, such as accumulating debt, missing alimony or child support obligations, or being unable to maintain their home. When done well, a budget acts as a roadmap toward financial stability and confidence.
Step 1: Understand Your New Financial Reality
Before you can create a budget that works, you need an honest snapshot of your current financial picture.
Inventory Your Income
Employment income (full-time, part-time, freelance)
Child support or alimony (if applicable)
Rental income or passive income
Government benefits or retirement distributions
Know Your Fixed and Variable Expenses
Housing (mortgage or rent, taxes, insurance)
Utilities, phone, internet, subscriptions
Transportation (car payment, gas, maintenance)
Food, health insurance, out-of-pocket medical
Child-related expenses (tuition, activities, clothing)
Self-care, memberships, entertainment
This data serves as the foundation for creating an accurate, doable budget.
Step 2: Separate Needs from Wants
In the early stages of financial recovery after divorce, distinguishing between essential and non-essential spending is crucial. I work with clients to prioritize needs without sacrificing the things that bring joy—just in a more strategic way.
Tips for Managing Discretionary Spending
Give yourself a monthly "fun money" allowance
Use cash envelopes or debit-only for non-essentials
Review subscription services and cancel what you don’t use
Step 3: Plan for Irregular and Future Expenses
Many people fail to account for non-monthly or one-off expenses, which can blow a tight budget. At Optimal Divorce Solutions, I help clients forecast and prepare for these hidden budget busters.
Budget for:
Holidays, birthdays, and gifts
Annual home or auto maintenance
Back-to-school or seasonal expenses
Vacations and travel
Open a separate savings account and fund it monthly to handle these costs with less stress.
Step 4: Rebuild Savings with Intention
Post-divorce life often requires rebuilding emergency savings and long-term financial plans.
Emergency Fund Goals
Aim for 3–6 months of essential expenses
Start small—$500 to $1,000 can still provide peace of mind
Long-Term Planning
Retirement contributions
College savings (if applicable)
Investments and wealth-building strategies
As a Certified Divorce Financial Analyst (CDFA®), I help you understand how to balance saving with current obligations.
Step 5: Choose the Right Budgeting Tools
There’s no one-size-fits-all method. Some prefer digital apps like Mint or YNAB, while others work better with spreadsheets or printable trackers.
Options to Consider
Digital: Mint, YNAB (You Need A Budget), EveryDollar
Manual: Google Sheets or Excel
Hybrid: Paper tracker for weekly check-ins + digital for automation
Choose the tool that aligns with your personality and habits so you're more likely to stay consistent.
Step 6: Reevaluate Often—Budgeting Is Not Set It and Forget It
Your financial situation post-divorce will continue to evolve. Income may change. Child-related expenses will shift. That’s why I encourage clients to do monthly reviews and quarterly deep dives.
Questions to Ask During a Review
Am I meeting my savings and bill obligations?
Where did I overspend, and why?
Are there any upcoming expenses I need to prepare for?
Real Estate and Housing Considerations Your home is often the largest financial asset—and liability—after a divorce. Whether you're keeping it, refinancing, or selling, your housing choice should align with your new financial reality.
As a Certified Divorce Real Estate Expert (CDRE) and Licensed Real Estate Broker, I guide clients through:
Calculating realistic mortgage affordability
Downsizing or relocating post-divorce
Equity division and refinancing options
These decisions aren’t just financial—they’re emotional, too. I help ensure both aspects are carefully considered.
Internal Links (Insert after publishing)
The Biggest Financial Mistakes People Make in Divorce
How to Divide Real Estate During Divorce
Understanding Alimony and Spousal Support
Key Takeaways
A realistic post-divorce budget provides structure, confidence, and control
Understanding your full income and expenses is the first critical step
Budgeting for irregular expenses and savings prevents future setbacks
Real estate decisions must align with your long-term financial stability
The right tools—and consistent review—make your budget sustainable
If you’re feeling overwhelmed, don’t go it alone. I can walk you through each step of building a post-divorce budget that supports your values, protects your future, and gives you peace of mind.
Schedule your complimentary financial strategy session today and let’s map out a plan that works for you.
Lisa McNally
Certified Divorce Coach | Certified Divorce Mediator
Certified Divorce Financial Analyst (CDFA®) | Certified Divorce Real Estate Expert (CDRE)
Licensed Real Estate Broker (NH & ME)
Founder, Optimal Divorce Solutions
Comments