Finances When Going Through Divorce

By Carol Jackovich

September 17, 2026

Finding wisdom, stability, and hope in a season of financial transition.

Faithful Steward Issue 7
Finances When Going Through Divorce

This is the article I never wanted to write, and none of you ever wanted to have to read. Sadly, too many of us, myself included, were hit with a stark realization that this was our path, whether we wanted it to be or not. Having taken this journey myself and counseled many women along the way, I want to share a few thoughts to encourage you and, hopefully, help you know what to do next.

First, I hope that even women in solid marriages are reading this out of curiosity or even to help a loved one. If this is you, I can’t stress enough that the most important thing you can do while married is to be an active participant in your finances so you are not caught by surprise if all of a sudden you are alone or alone in leading the family’s finances, due to one of many reasons. This doesn’t mean you have to be in charge of things you don’t feel qualified to do, like picking investments, but it does mean you generally understand where your assets and debt are located and what they amount to, and what your cash flow looks like. I would also encourage you, while you are married, to live a purposeful life integrated into your community. There are many God-ordained reasons for this, but a natural outcome is that if you go through divorce or lose a spouse to death or disability, it will be easier to get the support you need and easier to find a job if you don’t already have one.

If you are in the process of going through a divorce, it’s important to bring trusted counselors into your situation. Consider a Certified Divorce Financial Analyst, or just a trusted Financial Advisor (you can find one at FindaCKA.com), who can review proposed settlements and ensure they are equitable. Attorneys sometimes miss nuances such as tax implications of assets, so it can be really helpful to have additional counsel to make sure your settlement is the best you can get for you and your kids, if you have them. You can also work with your church stewardship committee, if it has one, and with mentors in your life. The main thing is, don’t go it alone and bring trusted counsel into your life quickly!
I can say with confidence that as I took each next step, God provided, and I believe He will provide for you too!
If you have already gotten a divorce or are near the end of finalizing your divorce, you’ll want to create a new budget that will work for you, and, if applicable, your kids. This can be so hard because divorce almost always weakens our financial state. Most of the time, we will have less income and fewer resources to work with. It can require sacrifice and getting used to a new lifestyle, but God is faithful to provide, and I have seen so many miraculous and blessed provisions when women make the hard choices to live within their new means and look to God to provide. When I got divorced, I wasn’t working because I had retired to be a stay-at-home mom just a couple of years before. God really opened doors to restarting my career and providing just what my children and I needed. It was scary, but I can say with confidence that as I took each next step, God provided, and I believe He will provide for you too! You’ll also want to review your new life insurance and disability insurance needs and get new policies if needed. You will definitely need to update your estate planning documents, and you should make this a priority. Check and update beneficiaries on retirement accounts and life insurance as needed, since you likely had your prior spouse listed. Those beneficiary designations override your estate planning documents, so it is important to have them right. Put your trust in God. Do the right things: live below your means (which often means making difficult decisions), work for income if you need it, give generously (even if it is only your time, if that is all you can do), and trust God will provide because He will.
This article was published in our Faithful Steward magazine, a quarterly publication filled with encouraging stories, biblical teaching, and practical tools to help you grow as a wise and joyful giver. If you'd like to begin receiving Faithful Steward, consider becoming a FaithFi partner.
Share this post