How should you split expenses with a co-parent?

A co-parenting plan will contain important information regarding your children and their financial needs. However, surprise expenses will crop up from time to time, which may leave you and your former spouse at odds.

When it comes to divorce, splitting expenses with a co-parent is one of the more challenging aspects. However, there are steps you can take to make the process less stressful and ensure your child has what they need to thrive.

Try to discuss expenses before they occur

Like many aspects of marriage and divorce, communication is key. If you are aware of an extra expense looming on the horizon, broach the issue with your ex now instead of later. Make your perspective clear, but also listen to their point of view. This process is best for hashing out disagreements reasonably.

Be careful when discussing finances with children

Divorce typically affects finances, especially when it comes to things like child support and alimony. However, you should never discuss these matters with your children. In addition to contributing to their stress, blaming your ex-spouse for money problems can impact their relationship with your child. Be honest about changes in finances but avoid placing the blame on your former spouse.

Make your children the priority

When working through money issues, always remember how doing the right thing will benefit your children. While it is frustrating when you cannot reach a financial understanding with your ex-spouse, you should never make demands or withhold funds when you know it will negatively affect your kids.

Instead, try to remain flexible and compromise when needed. You can also develop a system where your ex reimburses for added expenses and vice versa. Keeping things equitable is also great for reducing stress.