Like many women enduring a divorce, Amy Begnaud found herself anxious and fearful of an uncertain future. With emotions running high, the magnitude of life-altering decisions felt overwhelming. She never imagined she’d be in this position—and some days, it felt like the weight of the world was on her shoulders.
Amy navigated the pitfalls of divorce as best she could, experiencing firsthand some of the common mistakes that often trip people up during such a difficult time. Through that painful journey, she gained not only strength but also valuable insight.
Following her divorce, Amy chose to share her story—openly and honestly—with others. Drawing from her personal experience and the lessons she learned along the way, she combined her perspective with formal training as a Certified Divorce Financial Analyst® (CDFA®). Today, she uses that experience to guide other women through the complexities of divorce, helping them make informed, empowered decisions and avoid the missteps she once faced.
During such a vulnerable time, it’s easy to make mistakes that can cost you for years to come. Amy explains 10 common mistakes to avoid—and how to protect yourself along the way.
1. Involving the Kids
No matter how upset or angry you may feel, don’t pull the kids into the middle. Avoid bad-mouthing your ex, making your children take sides or using them as messengers. Judges take this seriously—and more importantly, it’s emotionally harmful to your kids. Children shouldn’t have to choose which side of the “soccer field” to run to after the game.
2. Accepting a Straight 50/50 Split
It may sound fair, but equal doesn’t always mean equitable. Some assets are worth more than others once you consider liquidity, growth potential or tax consequences. Don’t agree to a split that looks “even” on paper but leaves you at a disadvantage in practice.
3. Letting Emotions Run the Show
Anger, fear, sadness—all normal. But decisions made in the heat of emotion often lead to regrets. Before reacting, take a breath. Lean on a therapist or support group if needed. You’re allowed to feel—just don’t let emotions make the decisions.
4. Overlooking Separate Property
Assets you owned before the marriage, or received as a gift or inheritance, may be yours to keep—if handled correctly. Tell your attorney about them early so they can help protect what’s yours.
5. Keeping the House When You Can’t Afford It
The family home can carry deep emotional ties—but also big financial burdens. Mortgage payments, upkeep and taxes add up quickly. Before deciding to stay, take an honest look at your long-term affordability. Sometimes letting go sets you up for greater stability.
6. Overlooking Protections for Alimony or Child Support
A court order is one thing—receiving payments is another. Failing to secure alimony or child support through insurance policies, wage garnishment or other safeguards can leave you financially vulnerable. Even if things seem friendly now, don’t trust handshake deals. If it’s not in writing and approved by the court, it’s not enforceable.
7. Ignoring How Financial Issues Connect—and the Taxes
Property division, support, retirement accounts and taxes are all interconnected. Overlooking the ripple effects can cost you thousands. Work with your Certified Divorce Financial Analyst® and divorce attorney to understand the full picture before finalizing agreements.
8. Taking Advice from Everyone
Every divorce is different. Friends and family mean well, but they’re not legal experts. Rely on an experienced divorce attorney, not internet forums or war stories.
9. Not Planning for Life After Divorce
Post-divorce life brings new financial realities. Make a realistic budget, understand your obligations and avoid new debt. Make sure your final agreement spells out who’s responsible for which debts.
10. Expecting to “Win”
Divorce isn’t about winning—it’s about moving forward fairly. There will be compromise. Focus on what really matters: Your children, your financial security and your peace of mind.
Thriving Financially Beyond Divorce
Amy continues to serve as a trusted financial advisor, helping women not only through divorce but also in planning, investing and building a bright financial future for many years to come. Her goal is to empower women to take control of their finances and their lives post-divorce—ensuring they don’t just survive, but thrive financially.
Begnaud Wealth Management Group of Janney Montgomery Scott LLC
Amy Begnaud, CFP®, CDFA®
Financial Advisor, First Vice President
Gary Begnaud, CRPC™, CDFA®
Financial Advisor, Executive Vice President
Mount Laurel (856) 291-5032
BegnaudWealthManagement.com
Janney Montgomery Scott, LLC, Member: NYSE, FINRA, SIPC
For important information about Janney and your best interests, see www.janney.com/crs.
