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Parents Forever: Money Issues in Divorce Parent Handbook

Copyright ©  2005  Regents of the University of Minnesota. All rights reserved.

NOTE: This is a Web Sampler. Information about the complete publication and how to order it is available here.

Introduction

Most parents experience financial upheaval when they get divorced. Money can become a pressing issue for parents immediately, or it may take some time for the money changes to be felt and adjustments made. In this handbook, we focus on the emotional, social, and financial consequences of these money changes. As we discuss how to assess your money changes and handle your money in the future, we will be focusing on how to secure the financial security of your children.

We will be talking about money changes in two ways:

  • We will discuss how to adjust to suddenly reduced income, the most common experience of divorcing parents.
  • We will show how to figure out the cost of raising your children, so that you can better plan for their future and your own.

Contents

Purpose of Session 1

Adjusting to Money Changes

Identifying the Consequences of Money Changes
Recognizing Grief Over Money Changes
Preparing for the Changes

How Do You Spend Your Money?

Tracking Your Spending Patterns
Fixed and Flexible Monthly Payments
Calendar for Tracking Household Spending Patterns

Rethinking How to Spend Money

Reassessing How Money Will Be Used

Money Goals

Setting New Goals
Three Stages to Setting Child-centered Goals
Reassessing Goals Due to Money Changes
Worksheet 3: Identifying How Goals Will Be Adjusted
Worksheet 4: Putting Goals into Action

About the Parents Forever Program



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