The author of this article is a Certified Divorce Financial Planner which I respect greatly. She advises prioritizing saving for retirement. In a perfect world putting a little away on a regular basis when your children are young which can accumulate over time can also pay off greatly, but only if you can afford it. I also want to note that in New Jersey you are required to contribute to your child’s college education if he/she begins right after high school so that is important to bear in mind as well when planning for your and your family’s financial future.
Posted in divorce mediation, divorce, Divorce and Finances and tagged divorce mediation, divorce, finances, retirement, college savings, savings