A contested divorce in New York isn’t just a legal battle — it’s a full-on life upheaval. Between mounting legal fees, the stress of custody disputes, unexpected housing changes, and a possible drop in income, it can feel like your entire world is shifting.
But here’s the good news: you’re not powerless. With a smart, realistic financial plan in place, you can cut through the chaos, stay grounded, and start building a future that’s yours to control.
Here are six practical budgeting tips to help you survive, and thrive, through a contested divorce in New York.
1. Organize and Secure Your Financial Paperwork
Before you can budget, you need to understand your financial picture. That starts with gathering every relevant document. Prioritize:
- Bank and credit card statements (individual and joint)
- Mortgage, auto loans, and any other debt records
- Tax returns from the past two to three years
- Pay stubs and employment contracts
- Retirement and investment account statements
- Business income and expenses (if applicable)
If your spouse typically manages the finances, you may need to request these documents formally through your attorney. The more complete your records, the stronger your case and budget will be.
2. Track and Trim Your Expenses
Now is the time to track every dollar. Use a spreadsheet or budgeting app to monitor expenses over a few months. Separate your spending into categories:
- Fixed Costs: Rent/mortgage, insurance, loans
- Variable Costs: Utilities, groceries, gas
- Discretionary Spending: Dining out, entertainment, subscriptions
- Child-related Expenses: Tuition, medical bills, childcare
Look for places to cut back — especially on non-essentials. Remember, divorce is a transitional period, and your financial priorities must reflect that.
3. Build a Post-Divorce Budget
Project what your finances will look like after the divorce. Will you remain in the marital home or move out? Will you be paying or receiving child support or spousal maintenance?
Start with a realistic post-divorce monthly budget. Include:
- Solo housing expenses (rent, insurance, repairs)
- New utility or childcare costs
- Health insurance (if you’re no longer on your spouse’s plan)
- Debt payments assigned in the divorce
- Emergency savings, even if it’s just $20 per paycheck
New York courts consider financial disclosures when determining support and property division, so having a solid budget isn’t just helpful — it’s strategic.
4. Prepare for Legal Fees and Court Costs
Contested divorces are more expensive than amicable splits. In New York, attorney fees typically range from $300 – $500 per hour depending on the complexity of the case. On top of that, factor in:
- Court filing fees
- Retainers for attorneys or experts
- Potential fees for forensic accountants, custody evaluators, or appraisers
- Mediation or negotiation sessions (if applicable)
Ask your attorney if they offer payment plans, and never be afraid to request itemized invoices so you can manage your budget accordingly.
5. Protect Your Credit and Separate Finances
Divorce can impact your credit score — especially if you share debt. Take proactive steps:
- Open checking and savings accounts in your name only
- Freeze or close joint credit cards (with guidance from your attorney)
- Pay down shared debts where possible — or request a court order dividing responsibility
- Monitor your credit report for changes
Establishing financial independence is key to long-term recovery. Consider applying for a secured credit card or small personal loan to start building (or rebuilding) credit in your own name.
6. Don’t Go It Alone — Work with an Attorney
Divorce law in New York is nuanced, especially when it comes to equitable distribution, spousal maintenance, and custody. The team at Brian D. Perskin & Associates P.C. has decades of experience guiding clients through even the most complicated contested divorces.
We help clients in Manhattan, Brooklyn, and beyond:
- Create realistic budgets based on legal outcomes
- Secure fair financial settlements
- Protect assets and minimize risk
Hire an Experienced Contested Divorce Attorney in New York
Contested divorces are tough — but with the right plan, you don’t have to be financially blindsided. Budgeting might feel tedious, but it’s your lifeline to security, confidence, and peace of mind during one of life’s most challenging transitions.
Call Brian D. Perskin & Associates P.C. today at (718) 875-7584 or fill out our online contact form for a free case evaluation. Let’s build a smarter path forward — together.