Sometimes I get questions from readers and from people I know about money and divorce. I have to admit that this is an area I’m not too familiar with. Linda Leitz, however, is. She recently wrote We Need to Talk: Money and Kids After Divorce, and I enjoyed some of the concepts in the book.
Over all this is a great book about how to handle yourself with money situations and divorce. Leitz uses a concept she refers to as “Only I Control Me.” This is a very good concept. I especially liked the fact that Leitz continually pointed out that the only person you can control in a money situation is yourself. This quote from the book says it all:
Once a single mom encouraged a newly divorced mom to act financially as if she’d been wodowed instead of divorced. In other words, to assume that her ex would never pay.
While there are remedies under the law, it is important not to become dependent on them.
Another feature I liked of the book as Leitz’s emphasis on the importance of doing what is best for the children. She points out that most divorced couples are still parenting together, and it is vital that financial decisions be made on the basis of what will truly benefit the children in the long run, as well as what is financially healthy and viable for both parents, rather than trying to “punish” one’s ex.
The book featured an entire section composed of realistic scenarios involving families and kids of different ages. Leitz provides different solutions to the problems. And, while not every hypothetical is exactly spot on, there are enough similarities for someone to use the book as a blueprint for possible solutions to different financial issues that come up after a divorce.