Here are 6 Financial Mistakes to Avoid During Divorce It's just this simple: divorce can ruin you financially. By Lyle Solomon Updated: December 23, 2022 Categories: Alternative Dispute Resolution (ADR) , Conflict Resolution , Considering Divorce , Financial Issues , Legal Issues , Life After Divorce , Preparing for Divorce Even in the most amicable divorce cases, the process can be difficult and burdensome for everyone involved. It’s not secret that sometimes, divorce can ruin you financially. People are often unable to rationally consider an event’s financial repercussions because they are overwhelmed by the intensity of their feelings. Therefore, many individuals make poor financial decisions that have long-lasting consequences. You and your ex probably had joint accounts and shared financial responsibilities during your marriage. These are good habits in a marriage, but if you’re considering divorce, you’ll need to l...