Most couples manage their finances jointly. The income from both spouses is used to pay for all household and personal expenses. At the end of a relationship, the spouses need to separate their finances. Both spouses need to assess their financial situation and begin to manage money separately.

This transition can be tough. You may have gotten used to managing a household budget with two incomes or having your spouse deal with the banking accounts. You’re going to need to take some action to get a full understanding of your financial situation. 

To learn how to get started check out Separating Finances.