Two years ago, Shauna Ray loaded up her Jeep Escalade and drove away from 16 years of marriage to her husband Dan. It had been a long time coming. "During our time together Dan only ever cared about one thing—his career,” says Shauna, 42, who lives in Calgary. “He literally worked from sun up to sun down, which is saying something in Alberta. The split was inevitable.”

But Shauna’s now realizing how important Dan’s $120,000 salesman salary was to her lifestyle. (We’ve changed names to protect privacy.) Last month she did up a budget and found out she’s overspending by more than $2,200 annually on her $60,000 income. “Newly divorced, I’m feeling very unsure of how to plan for my future,” she admits. “Dan did all the heavy lifting in the financial planning department, so I know little about saving and investing.”

But it turns out Dan didn’t, either. He squandered a lot of their income investing in penny stocks, Shauna says. "He would always be disappointed we didn’t have large amounts of money socked away in RRSPs at year end. I now realize I was married to a day-trader.” With her divorce settlement, Shauna’s now determined to start living within her means and rebuild her broken investment portfolio. “It’s time to wake up and make a change.”

After the divorce last year, Shauna got the family home, $50,000 in cash, as well as around $96,000 in investments and savings—including $63,285 in her RRSP (filled with penny stocks), $18,709 in her TFSA (also invested in penny stocks) and about $14,000 split between her savings account and Canada Savings Bonds. And it’s been with varying degrees of success, failure or outright avoidance that she’s dealt with all these assets.

Immediately downsizing from the 2,900 square foot ranch-style bungalow she once shared with her ex-husband to the smaller 1,400 square foot townhouse that she lives in today was a no-brainer. It’s worth $448,000 and with the money she made from the sale of her former marital home, she’s now completely mortgage free. “I plan to stay put for a while,” she says.

Not so great are Shauna’s excessive spending habits. Even after blowing through the $50,000 cash settlement from her divorce, she then went on to rack up nearly $44,000 in liabilities from loans and credit debt. "After the divorce, I overmedicated with buying furniture for the house,” she says. There was also the purchase of a brand new car, despite already owning a serviceable vehicle. “I spent way more than I should have. In hindsight I wish I had approached things slower.”

More here: http://www.moneysense.ca/save/financial-planning/picking-up-the-pieces-retirement-after-divorce/

No doubt the husband didn't get to see a single penny from the sale of the house, and yet she is STILL loaded with debt from copious spending even after having no mortgage. This is why women can't afford to retire, even after they have sucked up an obscene amount of wealth the man made.

edit: LMFAO at all the prostitutes running in here to downvote the replies to this thread just because they can't deal with facts. Hi /r/badwomensanatomy! I see you ladies :D Be sure to subscribe for more truth about the disgusting nature of women.