Secrets To Not Letting the Holidays Wreck Your Finances

When you are in the midst of a marital separation, the holidays can be extremely stressful, not only emotionally, but financially as well.

Often, we find that our clients feel that in order to make a fantastic Christmas, they need to have a holiday filled with over-the-top gift-giving to help cover up and ease the pains of the holidays, but it doesn’t have to be this way at all.

Here are some tips we like to share with our clients:

• Work with your collaborative divorce team to help draft a holiday spending plan and budget
  • Add special events, food, gas, travel and lodging
• Show a united front with your ex
  • It’s not a competition on who can buy the most expensive present
• Work with your kids to set a holiday budget if they are old enough
• Focus on creating new memories
• Create new family traditions

What are your favorite memories of holidays past?

Think back to when you were a child – do you remember all the gifts you received? Probably not, but we bet you can remember the funny, heartwarming things that happened with your family.

One of the ideas we uphold during the collaborative divorce process is preserving the family unit. By developing a holiday budget during the proceedings, you and your spouse can stay away from the financial pitfalls of the holiday season.

When you utilize the experts in the Los Angeles Collaborative Family Law Association, you can let down your anxiety and stress because you will know that when your divorce is finalized, each party involved, including your children, will be ready to face the future with confidence.

Call us today to learn more about how our members at the Los Angeles Collaborative Family Law Association can help you and your spouse divorce in a respectful, peaceful way while keeping your family unit in tact.

Note: This information is general in nature and should not be construed as legal/financial/tax/or medical advice. You should work with your attorney, financial, medical or tax professional to determine what will work best for your situation.