Divorce and Family Finances

When parents divorce, a formerly stable household goes through a number of changes. One might be the family finances. A change in financial status can come as a surprise to a teen of divorce. Suddenly, the teen might be asked to find a part-time job or help out at home while a parent works. He or she might be expected to make more sacrifices, such as curbing shopping trips and extracurricular activities, because the family has less money. This helpful resource will explain how and why divorce affects family finances and how teens can cope with the changes.