When an Illinois couple ends their marriage and one has earned less money than the other, that person might want to make a financial plan for after the divorce. The lower earning spouse is often a woman. Women are still paid less than men at 82 cents to the dollar. One reason for this is that women are more likely to take on care-giving for older relatives and children. This can limit their career opportunities and opportunities to save money since they often have to work fewer hours.

Another disadvantage of not being the breadwinner is that the person may be inexperienced in financial matters. Even a person who pays some household bills might not have dealt with the family finances.

A person should take into account income, assets, debts and goals for a financial plan. Although the divorce may be overwhelming, it is best to avoid delays in making this plan. People may want to avoid relying on child and spousal support in making this plan since these are probably not permanent.

Because divorce is so difficult emotionally, a person might not always be in a position to make the best decisions. Working with an attorney and making a plan for the divorce may help. The person may want to decide what aspects of property division can be compromised on and which cannot. For example, it may be important to a person’s future financial security to get a portion of the retirement account, but there may be a valuable collection or vehicle that the person is willing to give up. A couple may want to reach a decision on property division through negotiation instead of litigation.