5 Mistakes to Avoid When Divorcing Over 50

3. Neglecting to factor in your monthly expenses

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Household expenses can change drastically when the same income is suddenly needed to run two households instead of one. When this happens, neglecting to factor in monthly expenses can create havoc. Essential costs such as healthcare, groceries, and even rent can become a struggle to cover; there will be budgeting issues, and eventually, debt will accumulate.