From Fear to Freedom: Empowering Your Finances in Marriage or Divorce with Tracy Coenen

Episode title:​  From Fear to Freedom: Empowering Your Finances in Marriage or Divorce with Tracy Coenen

Episode summary introduction:​ 

Tracy Coenen, a forensic accountant and fraud expert, joins the podcast to discuss the importance of financial security in overall wellness. Tracy shares her journey from wanting to be a prison warden to becoming a forensic accountant, and how she fell in love with helping women through divorce and financial stability. She emphasizes the need for open communication about money in relationships and provides tips for safeguarding finances. Tracy also highlights common red flags of financial mismanagement and hidden money in divorce and offers resources to empower individuals to take control of their financial future.

Click here to check out all the resources on the this episode's listener's page!

Disclaimer: The information in this episode is for entertainment purposes only and does not substitute for professional medical advice. This is not meant to advise, diagnose, or treat. Consult a medical professional or healthcare provider if needed.

Key Takeaways:

  • Financial security is a crucial aspect of overall wellness and can impact personal transformation and evolution.
  • Many women were raised to believe that talking about money is impolite, which can lead to financial insecurity and limited knowledge about household finances.
  • Safeguarding finances in a marriage includes opening a bank account and getting a credit card in your own name, as well as securing financial documents and changing passwords.
  • Red flags of financial mismanagement or hidden money in a marriage include changes in behavior, secrecy about finances, and unexplained spending or withdrawals.
  • Tracy offers a red flag quiz on her website to help individuals assess their risk of financial fraud or mismanagement in their marriage.
  • In divorce, money is commonly hidden in secret bank accounts, undisclosed credit card spending, or unreported income. Tracy's Divorce Money Guide provides guidance on uncovering hidden money and protecting one's financial interests.

Get To Know Tracy Coenen: 

Tracy has been investigating fraud for more than 25 years, but she didn’t always want to be a forensic accountant. With a dream of one day being a prison warden, Tracy went to Marquette University in Milwaukee, WI to get a criminology degree. A class on financial crime investigations reminded her how much she loved Encyclopedia Brown books as a kid. She continued her criminology degree but added accounting and economics courses so she could sit for the CPA exam and here Tracy is, finding money in cases of corporate fraud, high net worth divorce, and other financial shenanigans.

 Links Mentioned In The Show:

More Resources:​