Elizabeth McFadden of Memphis - Have you heard about Essential Oils?
Essential oils have been gaining popularity in recent years. Elizabeth McFadden in Memphis loves working with essential oils and aromatherapy. She enjoys the curative properties of these oils and their wide array of uses. She uses them to make body butters and lip balms and also enjoys diffusing them throughout her home. Essential oils are a great for stress relief and curing small ailments.
Essential oils have been used as a holistic healing method for thousands of years. They are natural oils that have obtained through a distillation process. They maintain the characteristic fragrance from their source plant or herb and promote a variety of health benefits.
There are a few different ways to use essential oils. Some oils can be used topically to relieve muscle aches and promote relaxation. Other oils can be used internally to promote immune and digestive health. There are also some oils that are meant to be inhaled. This is accomplished by diluting an essential oil into water and using a diffuser to create a mist. One can also diffuse oils via an oil nebulizer.
Oils such as jasmine, lavender, orange, and peppermint promote relaxation and stress relief. They are often used to obtain emotional balance and peace. These oils are often added to bath water, diffused into a room, or used as a topical application. Many people also use lavender as skin refiner. Lotions and skin care products with lavender and frankincense can brighten your complexion and make your skin feel great. Elizabeth McFadden Memphis is a finance professional in Memphis, Tennessee and loves working with essential oils.
Elizabeth McFadden of Memphis - How Divorce Affects Women’s Finances
Divorce has a major emotion and financial impact on the couple as a whole, but in many cases, the ramifications can be exceptionally unique for women. Elizabeth McFadden is a CERTIFIED FINANCIAL PLANNER™ and a divorce planner in Memphis, Tennessee. One of her specialties is the financial impact of divorce on women, and how women can get their finances back on track. There are several reasons for why women may be effected by divorce differently than their male counterparts.
There are several factors that contribute to how a woman will fare during the first year or years after her divorce. Those factors include how much the woman contributed to her family’s income, whether or not the couple had children, her educational background and work history and the ability of her former spouse to make child support payments. The women who suffer the most are often described as displaced homemakers. Women who chose to stay home with their children may have a difficult time re-entering the workforce, particularly if their absence from the workforce was protracted or they lack the education and experience to smoothly transition back into the workforce. Therefore, a divorce could leave a woman in a difficult situation.
If a woman did have a job, but made less than her husband, a divorce could still put her in a financially difficult situation. She may have a difficult time adjusting to her post-divorce standard of living with a lower income, and covering living expenses. Another important factor to consider is healthcare. Many married couples choose to save money by having a joint health care program through one of their employers. If a couple gets divorced, one person may be left facing the purchase of a new health care plan, such as those offered through Healthcare.gov.
Elizabeth McFadden is dedicated to helping Memphis women regain control of their finances in their post-divorce life.
Elizabeth McFadden of Memphis - How are Finances affected by a Divorce
A divorce can result in a serious financial blow for both divorcing parties. Elizabeth McFadden Memphis is a financial planner, mediator and divorce planner in Memphis, Tennessee. She helps couples negotiate through divorce, and provides them with divorce planning services. Divorce can seriously affect each divorcing party’s finances due to changes in credit scores, tax refunds, and standard of living.
Many couples have joint bank accounts and credit cards. This can result in having two credit scores that are dependent on one another. The divorce process involves dissolving these joint accounts. This could leave one or both parties with a diminished credit score. In order to combat this, it is important to open a credit account and bank account as an individual and begin building up your credit score.
Married couples usually file their taxes jointly. Once they are divorced, their tax status changes could change their personal tax situation. Taxes can become even more complicated when a divorced couple has children. It may be a struggle to decide who will claim the children as qualified dependents on their taxes and who will not.
While a couple is married, they may have joint incomes and may have more disposable income. Once a couple divorces, it can be difficult to adapt to a lower cash flow. This can impact one or both party’s standard of living. This is especially important regarding divorced women, who may need to re-enter the workforce after their divorce.Elizabeth McFadden Memphis works with her clients in Memphis, Tennessee to help them find ways to minimize the financial repercussions of a divorce.
Elizabeth McFadden of Memphis - 3 Major Steps in Divorce Planning
A divorce can have serious financial and emotional ramifications. Elizabeth McFadden is a financial planner, divorce mediator, and a divorce planner in Memphis, Tennessee. She works with her clients to plan their divorce and to find ways to soften the financial blow. There are a several important steps in divorce planning, but three of them stand out as the most important.
The first is to gather documentation on your family’s financials. This includes any assets or properties you may own as well as bank accounts. You also will need documentation on all of your debts, including mortgages, car loans, student loans, and credit card debts. You should make copies of all of these documents and have at least three years of tax returns on hand. Do not forget your employee and retirement benefit information and insurance. You should also start tracking your cost of living, and always make copies of everything.
The second step is to start budgeting for your divorce. You will need funds for legal costs, daily expenses, and possibly separate living arrangements. Decide which account you will use to pay these costs, and stick to your budget in order to avoid falling into a serious financial situation. It is important to keep your post-divorce life and spending abilities in mind, so structure your budget in a way that benefits your future.
The third stage is to establish independent credit. Open a credit card under your name only and begin to build a credit score that is independent from your ex-spouses. This is another step that is important for your future as a single individual.
Elizabeth McFadden Memphis helps her Memphis clients find ways to make themselves financially secure in their post-divorce life.
