When the dust is settled, who suffers more financially after a divorce: men or women? No blanket statements here, however, studies suggest that women tend to bear the highest burden of divorce, and therefore require more public and private support. A study titled Gender Differences in the Consequences of Divorce: A Study of Multiple Outcomes, published in the journal Demography in 2018, suggests that after divorce, women experience disproportionate declines in standard of living and household income levels. They are also likely to see a sharp increase in the risk of poverty and losing home ownership.At the same time, and quite unfortunately in most societies, divorced women have a lower chance of getting a new partner which means that shared finances and better financial security thanks to a new and stable relationship, is unlikely. In case the woman gets custody of children, then the path to economic recovery and financial stability becomes even more difficult. After all, raising kids requires a constant monetary outflow in the space of education to health insurance.Getting a financial advisor, or dependable financial advice from a reliable source, is therefore crucial for women who are looking to get a divorce. If youre searching for financial planning guidance that can help you secure financial stability soon after your divorce, we have a few answers. We spoke to Dipika Jaikishan, the co-founder and COO of Basis, an app that powers financial independence for women through bite-sized financial knowledge boosters, advisory tools and a vibrant women-only community, about financial planning tips that divorced women absolutely need. Heres what she had to say.Before the divorce: Take charge of your finances before filingJaikishan starts out by giving a glimpse of the realisations that dawn on many women after divorce. Earlier this week, I was speaking with someone in her early 40s with two teenage kids, and working with a leading IT multinational company, who is in the midst of a divorce, she explains. While all these years she had been earning well, there were the dark phases:● When a large part of her savings were used by her husband for his business,● When she had to fund the recovery of a family members illness, who was on her husbands side of the family, and,● When she finally realised that, financially, she was on her own.