Divorce is an emotionally and often challenging time for the whole family. Depending on if you have kids and how old they are, they might not understand what a divorce means and the financial implications that come with it. Here are some tips for talking to your kids about divorce:
- Encourage Questions and Open Dialogue: Kids may not immediately voice their concerns or understand the changes. Creating a safe space for them to ask questions can help them to understand the financial implications better. They may ask questions about still going on family vacations, going to the same school, etc.
- Keep it Age-Appropriate: Older children will understand more of the financial implications compared to younger children. You should be honest with your older children, but don’t overwhelm them with too many details. You could teach them how to budget and save for their own needs.
- Model Positive Financial Behavior: Children learn a lot by watching how their parents handle difficult situations. You should use this opportunity to demonstrate healthy financial habits like budgeting and saving.
Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst, and CDFA®, I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more. Don’t let divorce set you back.
You don’t have to go through this alone.
Contact me today at 716-800-4290 to schedule your first appointment.
