How to Be Successful with Money during and after Divorce — The Debt Snowball

I have written previously about how to be successful with money after divorce. Now, I’m not going to lie: divorce is a tough thing financially. But tough only means it will be that much sweeter when you succeed.

The key to winning with money during and after divorce is having a plan. If you don’t have a plan, your money will disappear into a magical land called “some other dude’s pocket.”

One of the most successful plans I have found for paying off debt is called “the debt snowball.”

The process behind the debt snowball is you inventory your debts — every single debt — and list them from smallest to largest. Then, you start paying them off in the same order: smallest to largest.

Hopefully, you can see how this system is like a snowball. As a snowball gains momentum rolling down hill, so do you gain momentum paying off your debts in quick succession.

Of course, an integral part of any debt snowball is a written budget. Without a written budget, you’re chance of paying off debt greatly decreases. Just as a written blueprint is necessary to build a skyscraper, a home, or a bungalow, so to is a written blueprint necessary to build a debt-free life.

(My family and I use everydollar.com to create our written budget.)

Once you take charge of your money, consistently create and follow a written monthly budget, and work on your debt snowball, you’ll be amazed at how quickly you can pay off debt.

Commit today that, no matter where you are in your divorce, you will start your debt snowball. If you can only commit $50 per month, do it. Eventually, that $50 will become $100, $200, $500, and more.

Remember: you will succeed with money during and after your divorce.

(Props to Dave Ramsey for the debt snowball principle.)

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Bill C

Carren and Jason were very helpful and quick to respond to my questions and concerns as we worked through my divorce, I would recommend them to anyone.

Response from the owner: Thank you, Bill.

James Herrera

I cannot say enough good things about Brown Family Law. Amy was my attorney and she was great! She always listened and responded quickly. Thanks to her, my case was resolved quickly. Thank you, Amy.

Response from the owner: Glad Amy communicated so well with you, James.

Jace Morris

Fast and kept me involved. Very professional team.

Response from the owner: Jace, thank you.

Shaun Jorgensen

Best attorney ever. They were so helpful and responsive

Response from the owner: Thank you, Shaun.

Christie Berube

When I started my case with Brown Family Law, they had 650 positive reviews. Now, about a year later, they have 820. Not sure how much else you need to convince you, but do yourself a favor and stop looking. You're in the right place.We worked with Nathaniel for nearly a year on our case, and trusting someone with something so vulnerable and close to you as a custody case is difficult, but he made it easy. His knowledge of law and experience with the court system allowed us to make educated decisions quicker. He helped me feel confident in very unfamiliar territory, and having someone like Nate on my team allowed me to make the best decisions possible for our family. He thought of many things I didn't, and gave us the roadmap to success for navigating a complicated and stressful situation. I found myself constantly bragging about our lawyer to family and expressing how impressed I was in his skill and his fearless nature of getting sh** done. Nate got that dawg in him, yanno what I mean?I like the way Brown Family Law works with their clients; it's different than other law firms, and I can see the benefits of those differences. It's always easy to contact someone at the office, and I get a response very quickly. They are extremely communicative, fast, and thorough. They run a tight ship, and it's obvious the quality differences from other law firms.This is a big and heavy decision, but Brown Family Law will take a lot of that weight off your shoulders. Ask for Nate--you won't be led astray.

Response from the owner: Christie, thank you. So glad Nathaniel was able to help you and that we were able to communicate with you so quickly.

Fer Esquivel Guillén

This firm is awesome but special shoutout to Dani, she is an outstanding paralegal. She is very knowledgeable

Response from the owner: Thank you very much for your kind words about Dani.

Karl Bench

I can't say enough about Russell Yauney at Brown Family Law! He has helped me on multiple cases over the years and has always exceeded my expectations. Russell is one of the good guys who isn't afraid to tell you how it is and isn't afraid to stand up and fight for what is right. I'm glad that I have Russell and his team in my corner!

Response from the owner: Karl, glad Russell served you well.

Ryan Farrell

very helpful to fathers who have been broke by the system and targeted for vaporization(1984). Thank you brown family law.

Response from the owner: You're welcome, Ryan. And thank you for the kind words.

Samantha Lachowsky

Nathaniel was my attorney and I couldn't ask for someone more attentive and level-headed than he is. They made my divorce process so much easier and were very patient with me as I navigated the entire process. Thank you Brown Family Law for all of your help!

Response from the owner: Samantha, thank you and so glad Nathaniel did such a good job for you.

Danny Fenstermaker

Used Nathaniel Garrabrandt for a child custody case. He is very good, very professional and available. Having been through this a few times that communication is very important. The only warning, and this isnt just Nate per se, but very very costly.

Response from the owner: Danny, thank you for recommendation. Glad Nathaniel has been able to help you.

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How to Be Successful with Money during and after Divorce — The Debt Snowball

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