February 04, 2025

5 Financial Resolutions for Widows with Natalie Colley

31 minutes

After losing a spouse, how do you regain financial confidence and ensure long-term security? Losing a spouse can leave widows feeling overwhelmed, especially when it comes to finances. But taking control doesn’t have to be daunting—it can be empowering. In this episode, Stacy Francis and Natalie Colley share five key financial resolutions to help widows navigate money decisions with confidence in 2025. From understanding cash flow to making smart investment choices, they break down practical steps for creating financial security and peace of mind.

You’ll hear them discuss:

Why estate planning mistakes can be costly and how to choose the right executor and attorney to avoid complications.

How tracking cash flow (rather than strict budgeting) helps widows feel more in control and prepared for financial changes.

The 50/30/20 rule as an easy framework for balancing needs, wants, and savings, ensuring a sustainable spending plan.

Helpful budgeting tools like You Need a Budget and Good Budget to simplify tracking expenses without feeling overwhelmed.

Why reviewing your investment portfolio is crucial after a spouse’s passing and how to ensure it aligns with your new financial needs.

The hesitation many widows feel about managing investments and how taking control of their portfolio leads to greater financial empowerment.

Why 80% of widows leave their late spouse’s financial advisor and how to find a fiduciary, fee-only, independent advisor who truly supports your goals.

Studies and data - studies show a widow’s income drops on average by 35% after the loss of a spouse, 56% of widows feel less financially secure after their spouse passes away and 80% of widows leave their husband’s financial advisor within one year, often due to feeling unheard or not involved in the relationship.

Key financial decisions that need attention sooner rather than later, including tax-saving opportunities widows should be aware of.

Resources

Natalie Colley on the Web | LinkedIn

Recommendations Fee Only Network | NAPFA | Five Financial Resolutions for Widows 2025 | YNAB | Good Budget

Stacy Francis on LinkedIn | X(Twitter) | Email

FrancisFinancial.com

Reach out to receive a complimentary consultation! Contact Francis Financial at +212-374-9008 or visit Francis Financial today!

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By Stacy Francis

4.8

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