Divorce, abuse, and loss of a spouse may not be fun to think about, but it’s still important to be prepared. In this episode, Stacy Francis shares her top tips for navigating a divorce, preparing yourself for a financial transition, talking to your children about money, and more. Stacy is a financial advisor and wealth manager at Francis Financial, as well as the founder of Savvy Ladies, a non-profit providing free financial education for women. 

Episode Recap:

• Get to know Stacy Francis (2:04)
• What inspired you to start a non-profit at 26? (5:00)
• Financial abuse will often escalate, and it’s easy to feel trapped (12:07)
• Have things changed for women today? (17:25)
• How to talk to your kids about money (23:44)
• Working with attorneys on divorce cases (30:42)
• If you’re planning for a divorce, start gathering your people and your records now (36:28)
• Who should be on your team when navigating a divorce? (40:25)
• Now is the time to learn about your money (42:45)

Resources:

• Find every episode of the Fiscal Feminist podcast
• Francis Financial website
• “Unveiling the Unspoken Truth” 
• “Financial Help for Widows”
• “Financially Ever After” podcast 
• Savvy Ladies website
• Email Stacy to get involved with Savvy Ladies
• “The Opposite of Spoiled” by Ron Leiber

Quotes:

“Once women, particularly, are married, and especially if they have children, we essentially divide and conquer. And there's nothing wrong with that, but often the dividing and conquering of all the tasks that need to be done is that he’s managing certain things, which often are the investing, long-term financial planning, working with the CPA, and the accounting, she’s often doing the bill paying.” 

"The largest population above age 65 living in poverty are divorced women, and the second largest population are women who have been married and their spouses passed away.”