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Parents Forever: Money Issues in Divorce Parent Handbook

Copyright ©  2006  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.

This is a part of the Parents Forever curriculum developed for divorcing and never-been-married parents. It describes the effects of change in income has on the lives of divorcing parents and provides tools to track household spending patterns, set new money goals and plan a new budget based on current circumstances. This booklet is written specifically for parents.

Contents

Session 1

Introduction

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
    • WS 1: Reassessing How Money Will Be Used
    • WS 2: Determining Seasonal or Periodic Expenses

Rethinking How to Spend Money

  • Reassessing How Money Will Be Used
    • WS 3: Identifying How Goals Will Be Adjusted
    • WS 4: Putting Goals into Action

Money Goals

  • Setting New Goals
  • Three Stages to Setting Child-centered Goals
  • Reassessing Goals Due to Money Changes

Talking with Children About Money

  • Money Talk-Family Style

Money Conflicts

Conclusion

Self-Study

  • Collecting Money Facts
    • WS 6: Establishing Debt Load
    • WS 7: Housing Decisions
    • WS 8: Retirement Benefits: Initial Info.
    • WS 9: Tracking Saving/Investment Assets
  • Protecting Children Against Future Risks

Session 2

Introduction

Purpose of Session 2

Categories for Estimating the Cost of Raising Children

Case Study 1

Table 1. 2004 Yearly Costs for a Two-Parent Family

Table 2. 2004 Yearly Costs for a One-Parent Family

Case Study 1- Comparing the Cost Estimates of Raising Children

  • Two-Parent Household: Summary of Monthly Costs
  • One-Parent Household: Summary of Monthly Costs

Economies of Scale

  • Adjustment for economy of scale - Case Study 1

Comparing the Cost Estimates of Raising Children

  • To Estimate Child Support - Case Study 1
  • Comparison: Cost of Raising a Child and Child Support Estimate - Case Study I
  • Discussion Questions

Estimating the Costs of Raising Your Children

Worksheet 1. Summary of Monthly Cost of Raising Your Children

Tables 3-9. Monthly Costs by Family Type and Income

Worksheet 2. Comparison: Cost of Raising Children and Child Support Estimates for Your Children

Factors and Questions to be Considered

Conclusion

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A Spanish version of this booklet is also available: Padres para siempre: Guia para los padres en el divorcio y dinero (Parents Forever: Money Issues in Divorce Parent Handbook - Spanish)

See the related program: Parents Forever

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