Take the Fear out of Divorce Finances with Financial Expert Victoria Kirilloff
In today’s episode, we are joined by Victoria Kirilloff, who gives us some incredible financial tips. Victoria dives into how women can prepare for divorce by creating a budget and understanding their future finances. She also talks about the difference between men and women regarding spending. Victoria walks us through some great mindful spending tips to help us evaluate if we need to make a purchase. Tune in today to learn more about how women can be financially and emotionally ahead of the game regarding finances in all aspects of their life, especially during divorce.
In this episode:
[1:21] Introduction to Victoria and how she got started with her work. [8:38] Where can people get good advice that's well-rounded and will cover them? [9:43] How are we set up to be financially stupid? [11:18] What does “the biology is different as a woman” mean? [13:55] How is money an imaginary object? [15:39] Creating awareness about spending: Victoria discusses mindful spending. [21:50] What's something women can do financially to feel ahead of the game? [23:25] How should women handle the emotional aspects of finances?
Key Takeaways:
Men traditionally were the hunters. They will not spend anything, and then they will go buy a large item. Women are the gatherers; we will look at sale bins and make it a day to hit every store in town. How much money you’re spending can be scary. We are economically incentivized to go out and spend money we do not have. Mindful spending questions to ask: How are you feeling right now? Who do my feelings economically benefit? Understand how your emotions are being activated. Is this purchase a need or a want? What happens if I don’t buy it today? Can I live without it? Does this purchase reflect my core values?
Quotes:
“Your budget is one of the most important tools you have in your divorce arsenal. In fact, it should be the best tool you have in whatever life event you are going through.” - Victoria Kirilloff
“Women traditionally are not really taught to advocate for themselves. We are taught to be good little girls, to sit there and shut up and to smile. I see that as a major problem because money is inherently; there's a little conflict in it because everybody wants it. So if you don’t understand how to stand up for yourself, it can make negotiating for small things very difficult.” - Victoria Kirilloff
“Money is power. And power is control.” - Victoria Kirilloff
Guest Bio:
Victoria Kirilloff CDFA founded DivorceAnalytics.com. DivorceAnalytics.com focuses on bringing financial clarity and transparency to the divorce process and illustrates the real-world impact of proposed settlements. By concentrating on the financial facts, Victoria shifts the divorce process from destructive to productive. Victoria is a lifelong learner and spends most of her free time increasing her knowledge base. In addition to being a Certified Divorce Financial Analyst® and a mediator, Victoria holds seven other different financial services licenses and designations.
Resources:
Mentioned in this episode:
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