• Basis

Budgeting and break-ups💹💰


Breakups suck! 😤 More so because, while you’re ploughing through the five stages of grief, it hits you - you need to get your monetary affairs in order.


Especially if you both were residing together, made joint financial decisions, owe or are owed money etc. While nothing can quite prepare you for a breakup, what you can be prepared for - is a rainy day!


1️⃣ Look at your co-spending vs. solo-spending habits 👀 You may have been splitting bills or covering for each other. That kinda changes once you part ways. 🤔 Here’s what you gotta do:

  • Go back to the drawing board and list out existing expenses, investments, ‘saving’ goals

  • Create a brand new, single-me, budget

It's tough making decisions like - who’s keeping the car, but you’ve got to evaluate what’s right for you. Sometimes, it may not be the same as what you want. 2️⃣ Evaluate what you can and cannot maintain wrt your lifestyle 🏋️‍♀️


You may need to consider significantly downsizing - your house, lifestyle, excursions maybe. Perhaps there were things which joint incomes allowed for but a single source of household income requires a little more caution. This might mean having less expendable income for a few months while you get back on your feet.


And we’re all for retail therapy, but don’t material-girl-spend like Aparna! 😜 <https://www.instagram.com/p/ChkCriZo-Ar/> And tbh, can you really afford to?!


3️⃣ Put those monies where it matters 🤑✅


Making healthy financial decisions aren’t always as straightforward as they should be. Especially, if your ex was the one managing the accounts. What do you do when you have more to save and less to spend?

  1. Don’t freak out!

  2. Stay informed about how to best manage your money.

*Pro-tip: Talk to a professional financial advisor if you’re feeling overwhelmed


3. Get movin’ on saving for retirement, adding to your peace-of-mind fund, investing more in long-term equities, etc. 👵💰

Looking for some great advice on saving and budgeting? Faye’s tellin’ us about it 👉 here. 😜


4️⃣ All about the side-hustle and bustle And finally, if push comes to shove and you find yourself needing more than just a little extra pocket change, this may be a good time to consider a side hustle. 🙂

Not only will this help make ends meet, pay off those pesky EMI’s, etc. - you’re defo working on something new that serves you better. And if that isn’t the case - do it for the money, honey.


Closing thoughts ✍️


A breakup can be a difficult hill to maneuver - however, it isn’t an insurmountable one. 💪 A plan and some smart money moves are all you need to bounce right back. Besides, we’re always here to help.