Minnesota women who go through a divorce may experience different challenges in comparison to men. One of the biggest challenges they face has to do with a change in their finances. While men seem to increase their income after a divorce, women often experience more than a 20% decrease in their income and are more likely to live in poverty.
There are steps women can take to deal with the financial challenges that come during and after a divorce. Women may want to start putting money away as soon as they contemplate the possibility of a divorce. They will have to disclose this money during the divorce process, but it may give them what is needed to start the divorce. It is helpful for individuals to gather financial documents and start improving their credit score.