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Divorce

Last updated: 03 March 2015
Going through a divorce is an emotional time, but it’s also a time when your finances need to be in good order.

Divorces can have a severe impact on your finances, so it’s worth knowing all the facts and being up to speed with all aspects of your finances, including things such as pensions, savings, property and so on.

Things to think about before deciding on a divorce:

  • Where will you and your children live?
  • What possessions are you willing to give up, and those that you are not willing to part with?
  • Impact on other family members?
  • Divorces can be expensive – how will you fund it?
  • Is it worth seeing a marriage counsellor first?

 

Filing for divorce

If you wish to go ahead with a planned divorce, then you must first, complete a petition document, which can be found here and post it your local county court, which can be found here with a fee of £340 if you’re in England & Wales and £200 if you’re in Northern Ireland .

You must include a justified reason for divorce on this form.

It is good idea to agree on things in advance, such as who is going to be the petitioner and the grounds of divorce.

You can represent yourself in court or use a solicitor.

If you’re in Scotland, then applying to the courts is usually the last step before completing the divorce. You must first resolve and agree on issues regarding finances and children.

If there’s thing you can’t agree on, then you have to get a solicitor to start court action.

You must involve a solicitor to start the divorce action in court. The exchange of papers can start once the solicitor has done this.

If you have children under age 16, the courts are unlikely to grant you a divorce until they are satisfied with the arrangements made for your children.

 

Children and divorce

  • Both parents remain financially responsible for children, including adopted children, after the divorce
  • One parent may have to pay child maintenance if they are not involved in the day to day care of the children. This can be done through the Child Support Agency or  the Child Maintenance Enforcement Division in Northern Ireland.
  • If you cannot agree on child maintenance, then it will have to go through the courts
  • If your children have savings accounts in their name, then they are not included in disputes and distribution of finance during a divorce. You do however need to decide who will be the registered contact for your children’s bank accounts, child trust funds, or junior ISAs.

 

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Reduce your grocery bill by 70% this summer!

The kids are off school and they are going to be hungry – inevitably, the next few weeks will see the cost of your weekly shop shoot up.

To help families keep the costs of food shopping down, MMM put Approved Food to the test, which can help slash the cost of shopping by as much as 70%.

There is of course one catch – the food is past or close to its sell-by date, but perfectly safe.

With a £30 budget, MMM managed to bag a fair amount – cereals, tinned food, sweets and treats, drinks and even laundry detergent and dishwasher tablets – the sort of things where you can generally ignore the date stamped on the product.

If you’ve tried reducing the cost of the grub by switching brands or shopping at discount stores but think you can do better, then try Approved Food  – you’ll be surprised at just how much you could save on some store cupboard essentials.

New products are available everyday and there are some real bargains. For example, Sprite Zero 330ml for just 29p or a 2kg Reeses Peanut jar for just £2.99. There’s even stuff for pets, at more than 50% off.

MMM was really pleased with service and surprised at just how at just how much £30 would buy (see pic above/ instagram).

Although we would like to see Approved Food cut down on the cardboard packaging, the items arrived well packed and in excellent condition.

So, if you’re looking to save a few more pounds on your groceries, take a look at Approved food – you’ll be surprised at just how good the bargains are.

 

Keep up with MMM on Twitter @MumMoneyMatters and Facebook !

 

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