A careless divorce can consume a huge chunk of your marital assets, but it doesn't have to be that way. The following tips can easily help you divorce on a small budget:

Work Together

You may be tired of living together as a married couple, but you will need to work with each other if you want to have a cheap divorce. You will need to agree on which appraisers to use, when to schedule negotiation meetings, and when to ditch DIY efforts for professional service. The more you can work together the faster and cheaper your divorce is likely to be. However, something as simple as choosing a business appraiser can take a lot of your time (and time equals money in a divorce) if you don't work together.

Make Realistic Goals

Some people approach divorce with a win-it-all attitude that only ends up making the process expensive. Indeed, there are no winners in divorce; your goal should be to make the process as fair as possible to all of you. Therefore, if you want to keep the marital home, want sole custody of the child, and don't want to pay alimony, you are only setting yourself up for failure and an expensive divorce unless there are legal grounds for seeking all that.

Divide the Small Items on Your Own

Asset division is one of the most controversial and complicated processes during divorce. Therefore, it makes sense to get legal help in dividing the major items you may own such as a home, cars, business, and retirement benefits, among others. However, it may be a waste of money to hire lawyers to help you divide the pots and pans in your kitchen; do that on your own.

Be Honest

It also pays to be honest with each other so that you don't waste resources digging up information that should be freely volunteered. Hiding assets, underreporting income or undervaluing your business are some of the dishonest moves that can increase your divorce cost. Ideally, both of you should be utterly honest with your respective disclosures to enjoy the associated benefits.

Keep Your Word

Lastly, you should each keep your words so that you don't have to go back to previous agreements. Once you have reached a resolution, you should be able to consider it done and move on to the next agenda. Otherwise, you will waste a lot of time going back and forth between different issues.

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