A Look Back: Joint Finances After a Breakup

Updated Sept 2023: This vintage SYBD post remains just as pertinent today as it was twenty-odd years ago when written by our dear friend Neil Bellamy at the time of our launch.

Disclaimer: The content provided in this post is for informational purposes only and reflects the personal perspective and experience of the author, Neil Bellamy. It is not intended as specific financial, legal, or professional advice. Every individual’s situation is unique, and it’s important to consult with a qualified professional, such as a financial adviser, solicitor, or accountant, to address your specific concerns and circumstances. ‘So You’ve Been Dumped’ and its affiliates are not responsible for any decisions made based on the content of this post.

Protecting Your Finances After a Relationship Ends

Breaking up is hard enough without the added stress of tangled finances. Though it might feel overwhelming amidst heartbreak, addressing joint financial matters promptly is crucial.

Think your ex-partner wouldn’t misuse shared funds? While many ex-couples handle their joint finances responsibly, unfortunate instances of emptied bank accounts, racked-up credit card debts, and even fraudulent mortgage extensions abound. It’s always better to err on the side of caution.

Here’s How You Can Safeguard Your Finances:

  1. Bank Accounts: Visit your local bank promptly. Empty shared accounts, cancel direct debits, and halt any further transactions. Ensure all dues are paid to preserve your credit score. Open a new account in your sole name and redirect any direct payments, like your salary, to this account.
  2. Credit Cards: Reach out to all credit card providers, including store cards, to halt secondary cards immediately. If you have an additional mobile number linked to your bill, consider cancelling it.
  3. Review and disentangle any joint digital payment methods, subscriptions, or shared online services.”
  4. Savings & Investments: Evaluate joint savings and investments. If there’s no need for dual signatures, close the account and transfer the funds to a solely named account.
  5. Legalities: Engage a solicitor for guidance on jointly owned properties or family matters. If you have shared property, consult your lender. Ensure you understand any investments tied to your mortgage.
  6. Taxation: Notify your employer and payroll department, especially if you’re availing any allowances for married individuals.
  7. Seek Help: If you’re overwhelmed, consider seeking advice from government-backed debt counselling agencies like the UK’s Citizens Advice Bureau. They might also provide mediation services for financial and custody challenges.


  • Devise a new budget and financial plan.
  • Utilise investments for bill payments and clearing joint debts.
  • Don’t shy away from financial problems; they inevitably resurface.

To Conclude:

Many of us at soyouvebeendumped.com have navigated these murky waters, and our experiences aim to guide you in avoiding the pitfalls we’ve encountered. Always be prepared for any eventuality.

Delve into other interesting articles like: The Power of Forgiveness and Writing a Letter to an Ex.

Check out this somewhat bonkers Buzzfeed post ‘People Are Sharing How Money Broke Up Their Relationship and It’s Equal Parts Shocking and Sad’.

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