In the aftermath of a California divorce, newly single spouses can go through a wide range of emotions. Some feel relieved and motivated to start their new lives as single people. Others go through a period of sadness and remorse, and have a hard time viewing the future in a positive light. Many spouses emerge from divorce with a financial windfall, whether from selling shared property or from other aspects of the property division process.
The manner in which one handles this money can be life-altering. On the one hand, wisely investing these proceeds can help build a foundation for future financial stability, and is the savviest move that can be made. However, many individuals make poor decisions in the months following a divorce settlement, and risk losing money by spending geared toward self-soothing.