Minki - the Constant cost of moving on

By Staff Writer

Minki van der Westhuizen and her husband Constant Visser are calling it a day according to media reports and a statement by her publicist. The split is apparently not acrimonious nor are there children involved. There is however a cost associated with getting divorced. It is not just the emotional pain and turmoil but any separation costs that may be part of the divorce agreement and the cost of setting up a new life for yourself. So what should you do if you are considering a divorce?

 

  • Re-read the ante-nuptial if you have one
  • Get a decent lawyer
  • Be prepared to spend more

 

If you have an agreement before marriage then it simplifies the split, but this can still end up costing you a packet. Minki is a business woman in her own right so Constant shouldn't have to worry too much about funding her after their divorce, but in many instances this would not be the case. Good lawyers cost money, even bad lawyers cost money. This is a factor that would need to be planned into any budget before even considering a divorce. While Minki and Constant may have the cash to splash out on fancy lawyers not everybody else does.

When you get married you believe in the fairytale that it is going to last forever, but the fact is that many, many marriages end in divorce. Your personal finance can be expected to take a hit from the cost of setting up a new place to live, changing your banking accounts and generally restarting your life. Always consider the costs before the divorce, even if it is amicable like with Minki and Constant it costs more to live on your own than to share with your partner, bear in mind that a divorce will make life more expensive.

 

Recent Articles

Featured What happens to your medical aid when you move overseas?

While exploring a different country, you may rely on the built-in travel insurance that forms part of your medical aid. However, what happens when you stay for longer than a typical vacation? This week Justmoney has a look at what you should do with your medical aid if you decide to move overseas for a period of time.

Read more

How to apply for government funding for your start-up business

Starting your own business can be challenging, especially if you don’t have the capital to get it off the ground. Fortunately, there are many ways to fund a new business in South Africa. This week Justmoney found out more about these grants, how to apply for them, and what you can do to make your business stand out from the rest.

Read more

MoneySmart: Is it worth your while?

Budgeting apps have revolutionised the way in which consumers manage their finances. From being able to access all your bank accounts to gaining access to budgeting tools, savings structures, and having your spending habits tracked – all in the palm of your hand.

Read more

Local elections, international uncertainty: How will the rand respond?

As we dust off the Easter Holiday cobwebs, we enter the business end of the local election. This brings about a lot of local noise which could increase volatility in the rand. The market will look at any headline news which could lend short-term momentum to the rand after a period of range-bound trading. 

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

KFC Variety Boxes Special

Price: R95
When: Daily
Where: Online

Colosseum Hotel Weekend Special

Price: Available on request
When: Until 25 August
Where: Cape Town

XPRESSO Café Deal

Price: R10
When: Daily
Where: Cape Town