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Financial TIps


5 Tips To Help You Reduce The Financial Impact Of Separation

With a little bit of time and effort you will be well on our way to feeling like your life is back on track and your family's financial future is stable.

1. Set up a new bank account in your name only, organise for your salary and other payments to be paid into the new account.

2. Close joint accounts. Discuss using any joint savings to pay debts or to cover children's expenses.

3. Inform your mortgage provider (in writing) about the relationship breakdown and request that it places a ban on the use of the loan redraw facility.

4. Cancel any right your ex may have to access your credit card account as a secondary card-holder.

5. Get your bank to send copies of all your joint account statements. If you have changed your address make sure you inform the bank of your new address.
DISCLAIMER: TwoHomes.com.au is intended for information purposes only. The information presented on this website is general and not a substitute for professional advice. You should always consult your own qualified lawyer, financial advisor or other qualified professional regarding any specific problem. Two Homes Pty Limited accepts no liability for any loss or damage (whether direct, indirect or consequential) incurred by any person in connection with any use or reliance on the contents of this website.