If you’re going through divorce, it’s normal to feel worried about your finances and your financial future. Having a financial plan in place can help you reduce the stress associated with divorce and it's key to being prepared as you negotiate your divorce.  In this blog post, we’ll cover the basics of creating a financial plan for your post-divorce life, including budgeting, saving, and preparing for retirement.

Creating a Budget
A budget is the foundation of your financial plan. In order to create a budget, you must first compile the last 3 years of your bank and credit card statements. You also need to have information about all of your assets and debts. As you understand your monthly income and expenses in the past and how they will change going forward, you can make sure that you have enough money each month to support yourself and your children’s needs. Create a list of all your income and expense including:

• Alimony
• Child support
• Wages, bonus
• Dividends, interest
• Rent or mortgage payments
• Real estate taxes
• Retirement contributions
• Insurance
• Utilities
• Car payments, insurance, gas
• Phone, internet
• Food, clothes, hair, travel and any other regular expenses
• Medical, mental health, dental premiums and expenses
• Childcare expenses
• Child extracurricular expenses
• College
• Pet expenses

Once you have a clear picture of your income and expenses, you can create a budget that will help you plan for your future.
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Saving for the Future
It’s important to save for emergencies and retirement, even after divorce. An emergency fund should have enough money to cover three to six months of living expenses in case of an unexpected event. Start by setting aside a small amount each month to put into your emergency fund. You can also start saving for retirement as soon as possible. Consider opening an IRA or other retirement savings account and contributing regularly.

Hiring a team of professionals
Divorce professionals can help you in many different ways and are an important part of successfully getting through your divorce process. A financial professional can help you prepare a budget and create a plan for your financial future. A divorce coach can help you efficiently use your other divorce professionals which can save you money. Divorce coaches can also help you determine your priorities which can save you time that you would have spent fighting for things that aren’t important to you. Divorce attorneys can be used as consultants to answer your legal financial questions. Other professionals that you may need include a realtor, mortgage broker, and an accountant.

Creating a financial plan after divorce can help you take control of your finances and ensure you’re prepared for the future. Start by creating a budget and tracking your income and expenses. Next, save for retirement and an emergency fund and make sure that you hire a team of divorce professionals to support you as you go through your divorce process. With a solid financial plan in place, you can feel confident that you’re doing what you need to do to protect your and your children’s financial future.

When a couple decides to divorce, it's an extremely emotional and challenging time. One of the most important decisions they will make is how to proceed with the separation process. 
 
Many divorcing couples opt for mediation because it is one of the most effective and least expensive divorce processes. If you want to get your spouse on board to mediate your divorce, there are a few things you can do.
 
Focus On How It Can Benefit Both Of You 
There are many benefits of mediation, especially when compared to going to court. Mediation is typically less expensive and quicker than going to court, and it also allows the parties to have more control over the outcome. In addition, mediation can help to preserve relationships and allow the parties to move on with their lives more quickly. 
 
The mediator is impartial and doesn't take sides but facilitates communication and helps the parties find common ground. Because mediation is more collaborative than adversarial, it can often resolve complex issues more quickly and much more effectively than litigating your divorce through the courts.
 
If Your STBX Doesn't Want To Talk, Find Other Ways to Communicate
Divorce can be incredibly challenging when couples are not on speaking terms. In addition to the emotional toll, there can be confusion and misunderstandings. It’s important to find a way to communicate, either through email or text. Let your STBX (soon-to-be-ex) know that 95% of divorces don’t go to trial and that mediation is one of the most effective way to avoid a trial.  An experienced mediator can provide guidance and support throughout the process and offer resources that can help couples resolve their differences.
 
If your STBX is against mediation in the beginning of your divorce, allow for some amount of time to pass before you bring up mediation again. As people learn more about the divorce process and how expensive attorneys are, they usually become more reasonable with respect to mediation.
 
Make It About Your Kids
Trained family mediators can assist you in developing communication and conflict resolution skills during their sessions. This can be extremely helpful after divorce, as both parents must be able to communicate effectively to constructively resolve conflicts for the good of the children.
 
The mediator can help you understand the root causes of the conflict, develop a plan for dealing with future disagreements, and create a parenting plan that is in your child's best interests. With the help of a mediator, you can learn to co-parent effectively and create a healthy environment for your child.
 
Never Force The Issue
It's important to remember that mediation is a process for couples who want to resolve their differences amicably. Trying to force your spouse to participate will only lead to frustration on both sides. Take a step back and let some time pass. Revisit the issue after you both have had time to educate yourselves and understand what your options are.
 
Final Words
Mediation may be the best option for you if you are considering divorce and want to do it in the most amicable way possible. Mediation allows both parties to agree without going to court and often results in a fair settlement for everyone involved. In order to be on the same page as your spouse, it may take time, patience, and education for you to both agree that mediation is the best option for your divorce.

Divorce is a big decision and has an impact on many parts of your life. It's essential to think through both the emotional and practical aspects of divorce before you make the decision to divorce your spouse. The following questions can help you as you come to a decision one way or another.
 
Do I Really Want It?
The first step is to be honest with yourself about why you want to divorce. Are you threatening divorce because you want your spouse to pay attention to you? Do you still love your spouse? Do you have fun with your spouse when you’re alone on vacation?  Are you happier being alone than being with your spouse? If you think that you would be happier with someone else, that might be true, but it isn’t the only thing to consider. Imagine what your life would be like if you were alone - how would that feel? You may meet someone else eventually but you may not. If you would rather be alone than with your spouse, that’s a good indication that something is wrong in your marriage.
 
How Are My Children Going to be Impacted?
Divorce is difficult and many parents don’t get divorced because they think that they’re protecting their children. However, children can be protected from the negative impact of divorce. There are several things that divorcing parents can do to minimize the harm to their children including avoiding conflict, not putting the children in the middle of their parents, never speaking negatively about the other parent and making sure that the children have a support system. Friends, a therapist, teachers, and other community members are all important parts of your children’s support system. If parents put their children first during their divorce, their children can have very happy lives.
 
Will I Be Financially Stable? 
In addition to the emotional stresses of ending a relationship, you also have to deal with the financial realities of dividing assets, determining child support and alimony and paying bills. If you're not prepared, these issues can become overwhelming.
 
Make sure you have a clear understanding of your finances; this means knowing how much money you have coming in each month, your expenses and your assets and liabilities. Knowing about your finances will give you a better idea of what lifestyle you can afford and how your post-divorce life will be. If you are worried about your finances, remember that this is just a temporary setback. With time and patience, you’ll eventually be able to rebuild your life and your financial well-being.
 
Have I Done Everything That I Could?
It’s essential to take a step back and analyze your role in the issues in your marriage. If you're unsure where to start, here are some questions to ask yourself: Have I exhausted all of my options? Have I had an open and loving conversation with my partner? Have I requested counseling and, if it was refused, gone to a therapist alone? Instead of repeating the same old responses and reactions, have I tried to change my behavior? Taking the time to answer these questions honestly can help you better understand your role in the problems in your marriage and see how you can behave differently whether you’re in your marriage or not.
 
Final Thoughts
If you are considering a divorce, it's important to take the time to ask yourself some tough questions. A divorce coach or a therapist can help you navigate these murky waters and make sound decisions that will affect the rest of your life. Don't go through this difficult process alone – talk to someone who can help guide you on your path forward.

There are many myths and misconceptions about divorce, so it's essential to have accurate information when you’re thinking about or going through divorce. This blog post will debunk some of the most common myths and provide facts that will help you manage your feelings during this difficult time.

Myth #1: You'll never be happy again

It’s a common misconception that divorce permanently destroys people's lives and leaves them unhappy. While it’s true that divorce can be a stressful and challenging experience, it does not have to be a life-destroying event. In fact, many people find that they ultimately land in a happier and more fulfilling place after divorce. 
 
If you’re facing divorce, try to keep an open mind and remember that your life is not over. You’ll still have the chance to create the future you want, regardless of what’s happened in the past. With the proper support and perspective, it’s possible to emerge from divorce stronger and more confident.

Myth #2: You can do this on your own

Many people feel shame as they go through divorce and don’t reach out to friends and family for support. This is exactly the opposite of what you should do. You need as much support as possible – friends, family, a therapist, divorce coach, your religious community – anyone who will be supportive and non-judgmental. You don’t have to tell everyone about the divorce. Choose wisely who you can trust and share what you’re going through. You’ll find that will decrease the feelings of shame and you’ll build a supportive community who will help you get to the other side of your divorce.

Myth #3: The marriage failed so you’re a failure

People going through divorce feel like they’ve failed. However, people who go through divorce are some of the strongest people. You're faced with daily obstacles like how to communicate with your soon-to-be-ex (STBX) when they’re not respectful, how to explain difficult topics to your children, how to look for a new place to live and how to manage your emotions so that you can work and take care of your children. Each obstacle you get through is a success and demonstrates how strong you are.

Myth #4: Rushing into a new relationship makes divorce grief easier

One of the biggest myths about divorce is when people think that if they find a new partner, their grief will end. Grief is a process that takes time and if you don’t allow yourself to go through the grieving process, you’re just avoiding and delaying the grief. It's important to give yourself time to grieve the loss of your marriage before jumping into another relationship. The grieving process involves giving yourself the time to feel uncomfortable emotions and expressing those emotions finding by journaling, talking about them with friends or family, or working with a therapist. If you don’t give yourself the time to process your grief, you'll just repeat the same pain and hurt cycle. Once you have given yourself time to grieve and heal, then you can start fresh with someone new when you're emotionally ready.
 
Divorce can be a difficult and isolating experience, but you don't have to go through it alone. There are plenty of resources available to help you through this tough time, including divorce coaches, support groups and therapists. Take advantage of these resources and allow yourself to grieve in a healthy way.

When going through divorce, parents can get swept up in the divorce negotiations and not recognize the impact on their children. It’s important to know how to prioritize your children’s needs as you go through your divorce process. Following are some things to consider:
 
1. Kids can be ok, even in divorced families. The main predictor in positive outcomes for children is how much conflict there is between parents, not whether or not the parents are divorced. Therefore, if you stay in a marriage for the children but there is conflict and tension in the marriage, you’re not helping your children. On the other hand, if you get out of a high conflict marriage and have two happier parents who aren’t in conflict with each other, your children can be better off.

2. Compromise to lessen conflict with your soon-to-be-ex (STBX). If your STBX isn’t being reasonable and your attorney is telling you to fight for what you deserve, choose your battles wisely. Just because your attorney tells you to fight for something, doesn’t mean you should. You have to weigh the negative consequences on your children before you decide to fight with your STBX. For example, many of my clients have had their attorneys push them to do something that increases the conflict with their STBX. Attorneys may not realize the negative emotional impact of conflict on you or your children. Think about your children as you’re negotiating your agreement and, if possible, lessen the conflict.

3. No matter how your STBX treated you, it doesn’t mean they won’t be a good parent. If your STBX treated you poorly during the marriage, it doesn’t mean that they’ll treat your children the same way. Support your children’s relationship with their other parent as long as their other parent is not abusive. If your child is having difficulty with the relationship, you may be tempted to pile on - saying, “Isn’t he/she horrible?” Instead, encourage your children to talk to their other parent about how they feel. 

4. Don’t focus on what’s fair, focus on what’s best for you and your children. There are issues that need to be worked through and it may not feel fair. But you have to compromise on so many things – it rarely feels fair. For example, when you’re going through divorce, it may not feel fair to give 50% custody to a parent who didn’t take on 50% of the childcare before the divorce. However, if both parents are willing to step up, that’s better for your kids. Putting your children’s needs first isn’t always easy but as caring parents it must be the priority. 

Focusing on your children’s needs while you’re going through divorce can take a tremendous amount of self control. Make sure that you’re getting support so that you can think clearly and make decisions that put your children first. You’ll feel better and your children will benefit.

​Children need structure, even as their parents are divorcing. Many parents feel that they can’t discipline their children because they’re dealing with so much emotionally. But by having clear, defined limitations for your children, it will help your children feel safe and secure which they need, particularly when they’re parents are divorcing.
 
While maintaining clear rules and limits is important, it’s also important for parents to choose their battles. Now is not the time to be extremely strict or add new rules. Start with one or two of your most critical rules and let your children know what they are. Make sure that they’re used to them before adding more. Give your children about 2 weeks to get used to a new rule before adding another one.
 
It’s also important to involve children in determining what the rules are. Let them make some of the rules themselves and try to come up with some together. You can even add some fun ones like, “Anyone who’s sad gets to choose what’s for dessert.” Post the rules somewhere in your home where everyone can see them. This enables everyone to be on the same page and avoids miscommunication.
 
Too many parents focus on negativity and punishment. If you recognize appropriate behavior and focus on the positive, your children will respond better. Even if there is only one thing that your child does that’s positive, point that out. Children gain so much more from positive reinforcement than negative attention.
 
Remember to work with your children’s other parent and not against them. You can have different parenting styles as long as you respect each other’s differences. Children don’t need you to be aligned on everything but they do need you to both message them that tell they must respect the other parent. Children do best when both parents are involved and they have a good working relationship with each other. You don’t have to be best friends with your children’s other parent, you just need to work effectively with each other.
 
Raising children isn’t easy and when the family is going through divorce, that creates even more complications. However, if you maintain structure for your children, choose your battles, focus on the positive and have a good working relationship with your children’s other parent, you are well on your way to having happy and healthy children.

​While the holidays can bring excitement, they can also bring stress, especially when a family is going through divorce. Families struggle around who to spend the holidays with, what traditions to continue and what new traditions to begin.
 
Here are a few tips on how to not only survive the holidays, but create holiday memories that will be happy and long-lasting, even if your family is going through divorce.
 
1) Focus on what’s best for your children
 
Regardless of what each family or divorced parent wants to do, the priority should always be on the children and what’s best for them. This means that if your son or daughter wants to go to your exes’ house to visit grandma, you need to put aside your feelings towards your former partner and be supportive. This can be difficult, as you navigate the sadness, loneliness or other difficult emotions. Take this time to get emotional support from your support system. If you don’t have one, build one by joining a support group, finding a therapist or divorce coach or reaching out to friends and family.
 
Don’t punish your ex or use your children as bargaining chips. If you won’t allow your children to see their other parent during the holidays, and your children want to, you’re hurting your children. Try to carve out some time – maybe an hour or two – for them to see each other. While this is difficult, it is best for your children. And it will create a better co-parenting relationship for the future when you’ll ask something of your ex.
 
2) Have a clear plan

Talk to your ex in detail about what the holiday will look like, the schedule you will stick to as well as pick up and drop off times. Remember there will be a lot of compromise needed from both ends. It may help to write it in an email so that you can refer back to it if necessary. Remember, communication is key for this to work.

3) Prepare your children for the changes

The way that you celebrate this holiday will be unfamiliar to your child which can create stress for him or her. It’s important that you talk to your children and tell them what to expect this year. Unlike other years, this holiday will be split between two homes or it might be spent with one person’s family on Christmas eve and another’s on Christmas day. Ask your children questions – how are you feeling about the holiday? What would make it easier for you? What are you most excited about? What are you least excited about? When children are given the chance to openly talk about their feelings, they feel less anxious. Tell them to have fun with the other parent and to enjoy their time and don’t make your child feel guilty about spending time with your former partner or their family. Reassure them that you will be ok when they’re not with you. The main goal of the holidays is to spend time with your loved ones, and that’s exactly what you should be encouraging your children to do.

4) Have patience with the changes and be kind to yourself

The loss of the intact family will be an adjustment hurt for everyone, but it won’t be as difficult as time passes. As you move forward, you’ll choose which traditions to keep and you’ll make new ones. Children are extremely resilient and will look forward to your new traditions and getting to celebrate with both families in different ways.

One of the most challenging adjustments for a family going through divorce is having two separate places to call home. This abrupt change can be confusing to children as well as stressful. Portraying the new change as exciting as opposed to something upsetting can help the adjustment go a lot smoother – the excitement of a new home, a new bedroom to decorate, a new neighborhood to explore and new friends to make.
Regardless of whether you're setting up a new address or maintaining the present one, there are several things you can do at home to help your children adjust to all of the changes. Here are a few suggestions:

1. Let your child have a say.
If you’re establishing a new home, involve your child in decorating their new bedroom such as picking the color scheme, what sheets they want or posters they want to hang on the walls. If it isn’t possible for each child to have his or her own room, they can have their own space in a room such as their own dresser, shelf space or toys area that is exclusively theirs. They should be allowed to choose what they keep at each house and take items between each as well. ­

How does this help? It creates a sense of belonging in both homes. Many children enjoy having two homes because they get extra attention, which sometimes means having two birthday parties and two sets of Christmas or Hanukkah gifts.

2. Make the new place feel familiar.
Too many sudden changes can be overwhelming to a child, but they’ll feel a sense of comfort in their new environment with some familiar belongings around them. If there's something special at your former home that you know he or she adores (a special night light, a photo, or a teddy bear), try to purchase it for the new house or make sure it's always in their "go bag" that travels with them from house to house. Even ordinary items like books, clothes and princess decorated plates can make your child feel more at home.

3. Come up with a packing plan. 
When your children transition from one house to another, sometimes they’ll forget things. To prevent a melt down, both homes should always have extra toiletries, pajamas, spare clothing, books, and movies on hand. Some schools even provide children who have two homes with two sets of books. Also, help your younger child pack their bags the night before the transition. Overall, the child should be allowed to carry their things back and forth between houses without conflict or tension with parents and parents should cooperate in returning any clothes or toys needed when switching between either home.

While you’re starting the parenting schedule with your children, it’s so important to let your child have a say in their new environment, make the new home feel familiar, have a packing plan and try to be patient. This transition is just as difficult for your child as it is for you and by being patient when they forget things and are getting used to their new schedule, you are strengthening your relationship with them day by day.​