One of the top three reasons for divorce is financial stress during the marriage, compounded by communication challenges around finances.
This stress can – and does carry on after divorce, with a whopping 9 out of 10 parents finding the financial exchange process stressful.
As if parents need any added stress after a divorce, carrying financial challenges into divorce can feel like extending a bad marriage.
More than that, figuring out an easy system for managing co-parenting expenses and discussions is left up to parents alone, who must not only figure out how to manage their shared finances, but also take the first steps toward being a single parent.
How ironic is that – one of the very reasons people get divorced, still exists after marriage, and this is made even more complicated by having to figure out how to best track and split expenses as co-parents.
As many parents know, the older kids get, the more expensive their needs become, and without a simple, stress-free way to manage the growing needs of our kids, we can extend the back and forth of tense conversations, time spent reconciling costs and getting agreement, or worse – complete avoidance and communication breakdown. This ultimately serves no one in the co-parenting process, especially not o kids.
This problem is not going away – divorces are increasing at a rate of nearly 1 million new divorces a year, as co-parenting families are on the rise, while the nuclear family continues to decline.
When Giving Up is Not an Option
Experts say that communication is key in enabling healthy financial discussions, and Simple Split enables thatprocess from start to finish. Simple Split is a modern mobile solution that recognizes situations in which communication might not be perfect, and whose goal is to help co-parents and anyone living in a shared living arrangement, make the process easy and tension free.
“There is no solution like Simple Split out there – I feel like I have a simple solution in my pocket, taking all the stress out of the cost-sharing process.”
Simple Split enables agreements faster and more easily than through text or email exchanges that are difficult to track. e. Simply ‘snap, attach, and send’ the expense, and Simple Split quickly lands as one of your most trusted contacts in your mobile phone address book.
Simple Split makes the agreement, tracking, and sharing process as simple as sending a text and ushers your agreements as painlessly as sending the text to your sharing party, on your behalf.
Our sophisticated and intelligent dashboard takes the mess out of managing paper receipts and spreadsheets, visibly managing the amounts owing and received, based on a percentage or income proportion you establish when you sign up. You can even reconcile amounts owing in Simple Split’s dashboard.
Simple Split helps you create a system that saves you precious time and directs it where it matters most – to yourself and your children. Best of all, Simple Split puts kids first by keeping financial discussions where they belong – between you and your ex-spouse, not among your children.
“I wish I had this when I was going through my divorce. It would have made the separation and divorce process so much easier and more fair..”
Try Simple Split for free and take the first step toward simplifying your co-parenting experience.
While money can be an area of contention, it can be the first step toward building an independent and amicable co-parenting life. Not a co-parent but share expenses with a housemate or partner? Simple Split has you covered. Next week, we’ll dive into how Simple Split makes room-mating easier than ever.
