How mobile technology can help divorced parents manage financial obligations

Children and childcare expenses can often force divorced parents to stay in communication with each other when would rather not, sometimes resulting in uncomfortable exchanges and disputes over who owes what. The complications involved in tallying and balancing receipts add yet another tense layer to the dissolution of a marriage.

Child-related expenses must be addressed despite former partners’ communication barriers, however. Parents need to make a variety of purchases for their children – new clothes, braces, summer camp and more – but handling these budgeting matters is difficult, even among partners who have divorced amicably. Such matters become even more complex as parents remarry and bring additional caregivers into their children’s lives.

It was for this reason that Laura MacMahon co-founded Family Plan, an app that facilitates expense sharing between divorcees. MacMahon, who is also the president of the company, stated that the app’s design keeps payment services swift, streamlined and professional.

 

continue reading »