Smart Financial Moves Every Woman Needs to Know Before & During Divorce with Dr. Barb & Maggie from Purse Strings

Update: 2025-06-25

Description

Still think divorce is just emotional? Think again—your finances are on the line. In this eye-opening episode, Erica sits down with the powerhouse mother-daughter team behind Purse Strings, Dr. Barb Provost and Maggie Nielsen, to break down the critical financial steps women need to take before saying the D-word out loud.

From uncovering hidden accounts to understanding your post-divorce budget, Barb and Maggie are on a mission to help women stop getting left behind when it comes to money. They share personal stories, expert-backed tools, and the exact steps to feel secure, smart, and financially empowered—no matter where you are in the divorce process.

If you're feeling overwhelmed by bank accounts, budgets, or just the sheer emotional toll of separation, this episode will help you find calm in the chaos—and maybe even a few dollars you didn’t know you had.

Because financial freedom is the ultimate closure.

🔑 Key Themes & Takeaways:

Where’s the Money Really Going? – How to track your finances before, during, and after divorce

Don't Rush the Process – Why emotional decisions lead to expensive mistakes

The Professionals You Actually Need – What CDFA and divorce lending specialists do that your lawyer can’t

💌 P.S. Want Erica to cover your most pressing divorce question this season? DM her on Instagram or send a topic request through the website. This show is for you—and she’s all ears.

Divorce Download: https://pursestrings.co/divorce-check-list/

We talk about:

00:00 Introduction

01:40 The Importance of Financial Literacy for Women

04:25 Practical Tips for Unhappily Married Women

08:01 Navigating Finances During the Divorce Process

08:14 Specialized Financial Professionals for Divorce

14:50 Creating a Post-Divorce Budget

19:11 Emergency Funds and Unexpected Expenses

21:09 The Townhouse Flood Crisis

21:43 The Importance of an Emergency Fund

22:01 Renting vs. Homeownership

22:56 Downsizing and Adjusting Expectations

23:43 The Financial Realities of Homeownership

26:28 Living Below Your Means

28:27 The Impact of Rushing Through Divorce

30:19 Avoiding the Win-Lose Mentality in Divorce

36:23 Final Thoughts and Resources

The Club: A Divorce Community to Help you Get Clear, Get Grounded and Move Forward.

Psst… Have you heard? There is a new online space for you to get the support and guidance you need on your divorce journey. The Club is your space to heal, grow and get clear on what you want - whether you are unhappily married or taking those first steps through divorce. The Club offers on-demand programs, monthly live connection calls and a quarterly curated healing kit.

Grab your spot NOW: https://www.thecrazyexwivesclub.com/theclub

Learn More About This Week’s Guest: Dr. Barbara Provost and Maggie Nielsen

Dr. Barbara Provost and Maggie Nielsen are a dynamic mother-daughter duo committed to empowering women with the tools they need to make confident financial decisions. As a consultant, educator, and entrepreneur, Barbara connects women with trusted financial professionals to help them plan for a future full of choices. Maggie, with her curious mindset and passion for personal growth, inspires others through motivational talks and equips women with the financial knowledge they need to thrive. Together, they are dedicated to helping women build lives free from financial stress thanks to the support of their community of trusted professionals.

Connect with Dr. Provost and Maggie