Divorce Budget Worksheet

Why use a budget worksheet?

Plan your future

Most divorcing couples are surprised to hear that their expenses may significantly increase after separation (27%-50%). To put this in perspective, consider that after separation, each of your incomes may remain the same, however, instead of one shared electric bill you each will have your own separate bill, your car insurance premiums and health insurance premiums may increase, or perhaps you may lose the multi-phone discounts on your cell phone bill.  Having a clear plan of action that includes making sure you can afford to live separately from your spouse is essential.

Prepare a budget

One of the most useful ways to help plan for your future is to prepare a Budget Worksheet.  Utilizing a budget worksheet or spreadsheet can help you estimate and prepare for your expenses after separation. Most folks think budgeting is cumbersome or bothersome, but taking the time to calculate how much it will cost to move out on your own or to pay the mortgage and auto loan yourself can be one of the most important steps you take during this process. Budgeting is a necessary tool that can help you make better financial decisions for you and your family moving forward.

Make your own decisions

Your divorce mediator may ask you to prepare and share your budget worksheets and financial information with your spouse.  Sharing this information and becoming aware of the financial picture of each other, can help you make better financial decisions for you and your family. After preparing your worksheets, decide if you can afford to keep the cars and the family home, or if child support is to be calculated, how much should it be? I have found that most clients find this information empowering, and it helps them take control of their own lives moving forward.

empower yourself

Gathering the information you need to organize your life and your finances can empower you to make the best decisions for your future. To get started, click this link for a copy of a divorce budget worksheet with formulas: Budget Worksheet   If you or your partner would like more information on mediating your divorce, separation, child custody or support issues in an amicable, efficient and affordable manner, please contact Dawn Clement at dawn@clementmediation.com to schedule a consultation.

Dawn Clement

Mediator & Attorney

484-730-1282

dawn@clementmediation.com

www.HealthyDivorcePA.com

Divorce Budget Worksheet

Parenting Agreement Checklist

Choosing to mediate your custody or child support issues is an amicable, affordable and confidential way to resolve your legal issues and keep your family out of court!

When mediating your parenting agreement you may want to consider the following:

Parenting Agreement Checklist

Child support
Child care expenses
Healthcare fees and insurance
School Fees
Sport or activity fees
Clothing
Extracurricular activities
Travel
Religious education and ceremonies
Parenting schedule, decisions and information
School district
Discipline and rules
Illness and injury
School schedules and events
Summer school break
Holidays and special days:

  • Christmas
  • Thanksgiving
  • Easter
  • Halloween
  • Mother’s Day/Father’s Day
  • Birthdays
  • Independence Day
  • Labor Day
  • Memorial Day
  • School Breaks
  • Family Reunions and other traditions
  • Vacations

A qualified, trained and neutral family mediator can guide you through the parenting plan process! If you would like to learn more about mediating your divorce or custody issues in Pennsylvania, email Dawn Clement at Dawn@ClementMediation.com to schedule a consultation!

Parenting Agreement Checklist

Divorce Support Professionals

Who are divorce support professionals?

Divorce support professionals are experts that help you navigate the divorce process.  We are committed to offering a healthier divorce and understand the importance of a peaceful divorce path.  Here are a few professionals to help you gather the information you need to make informed decisions for you and your family:

  • Attorney/Mediator
  • Divorce Coach
  • Therapist/Counselors/LMFT
  • Accountant
  • Real Estate Agent
  • Property Appraiser
  • Mortgage Broker
  • Certified Divorce Financial Planner
  • Insurance Agent
When do I need a professional?

During and after divorce your finances may change, you may need to move or apply for a new mortgage, find a therapist, or you may have questions for an accountant about how to file your taxes after divorce.  Before making a decision about your future, talking with a professional can benefit you in the long run. Divorce can be an emotional process, utilizing a network to help you navigate your legal, financial and family needs will keep you on the path to a peaceful resolution.

Consider asking your divorce mediator for recommendations when searching for a qualified professional during the divorce process. Hiring your own professionals can help save you money in the long run, and using a collaborative team can help keep you out of court and prevent costly legal and financial mistakes down the road.

If you would like to learn more about mediating your divorce or custody issues in Pennsylvania, email Dawn Clement at Dawn@ClementMediation.com for a consultation!

Divorce Support Professionals

Thinking about getting a divorce in Pennsylvania?

If you are thinking about getting a divorce, first consider divorce mediation.  A neutral and qualified mediator can help you and your spouse divide the property and parenting responsibilities peacefully and respectfully.

A mediated divorce is an amicable, simple and efficient process. Pennsylvania has a Mutual Consent No-Fault Divorce option which allows couples to obtain a divorce regardless of marital fault. The benefit to choosing this type of divorce is that you are able to move forward after a 90 day waiting period, without the need of one spouse to show misconduct through the court system. Time and money are precious resources, especially during a divorce, and the mediated pathway is an efficient and less expensive method of obtaining a divorce.

You have probably heard from your family and friends that the divorce process is devastating. This does not have to be the case for your family! Couples using mediation tend to end the marriage in a better position both financially and emotionally than those that take their battle into the court room. Once you and your spouse decide that it is time for a divorce, and if you both agree, consider scheduling a consultation with a mediator before you dive into the litigation process!

If you would like more information about a healthy divorce, contact Dawn Clement at Dawn@ClementMediation.com to set up a consultation.

Dawn Clement
Attorney & Mediator
http://www.HealthyDivorcePA.com

Thinking about getting a divorce in Pennsylvania?

When is a good time to start mediation for divorce or custody?

Mediation is quite flexible, it can begin at any time. Some couples turn to mediation to resolve family issues before they get hostile, by working out a parenting schedule or division of property at the beginning of separation. Sitting with a mediator to discuss issues beforehand can help you communicate better, before the actual divorce process begins.

BEFORE

My recommendation is to try mediating your divorce and custody issues FIRST! Couples can mediate to divide property and create parenting plans before heading down the litigation path.  Because mediation is a cost effective and amicable process, most families will benefit from trying mediation first, before rushing to court.  You can settle all or most of your disagreements this way, rather than letting a judge decide the outcome.

DURING

If you are currently in the court system and the long and painful process is at a standstill or money is running low, you may also benefit from mediation.  Typically the arguing and fighting in court will run its course. Both of you may become tired of the fighting and desire a peaceful resolution for you and your family. The court system often fails families, but there is always time to turn towards a new peaceful direction.

AFTER

After the divorce, families often turn to mediation to work out and maintain parenting, custody and child support plans peacefully. Instead of running to court to ask the judge how often you can see your children, consider sitting down with a mediator and work out a plan peacefully.  Whatever stage you are in, a trained and qualified mediator can help you work out a plan that is right for you and your family!

If you would like more information about a healthy divorce, contact Dawn Clement at Dawn@ClementMediation.com to set up a consultation.

Dawn clement
Attorney & Mediator
http://www.HealthyDivorcePA.com
When is a good time to start mediation for divorce or custody?