MyMoney Online, The Personal Finance series with Warren Ingram

How to avoid losing your money when you divorce your spouse

Divorce is recognised as one of the most financially damaging events that happen to people.

It is an incredibly expensive process, especially if the divorce is acrimonious.

The emotional impact often causes people to make poor financial decisions.

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Financial Advisor at Galileo Capital.

Scroll down for quotes from the audio below.

Divorce makes you poorer than you were.

Warren Ingram, Galileo Capital Financial Advisor

The non-breadwinning partner must make sure what the divorce pay-out means on a monthly basis.

Warren Ingram, Galileo Capital Financial Advisor

The average age of female divorcees in South Africa is 38; it’s 42 for men.

Warren Ingram, Galileo Capital Financial Advisor

Most divorces in South African happen between the fifth and ninth year of marriage.

Warren Ingram, Galileo Capital Financial Advisor

Don’t make any large financial commitments for at least a year after your divorce.

Warren Ingram, Galileo Capital Financial Advisor

Whenever you have war; both parties lose.

Warren Ingram, Galileo Capital Financial Advisor

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