Separation is an incredibly stressful time in a person’s life. Even the most Zen and disciplined of people can make regrettable decisions during this time. This is especially true when it comes to money and budgeting in the midst of a separation.
In North Carolina, married couples must wait for a full year and a day before they can file for divorce in their local Court. During this time, the couple must live in separate residences. If you think about it, this means that a still-married couple must find a way to make their combined income pay for two residences. In addition, a supporting spouse will generally be responsible for some level of spousal support and child support during this time. Therefore, it is of vital importance to avoid money mistakes during a separation period.
