If you and a friend wanted to split the tab on a dinner bill, rideshare, or concert tickets, you would likely use a platform like Venmo, PayPal, or Zelle (maybe even Facebook or Google). These digital payment networks allow you and your friend to settle up instantly or at a future date.
Want to know why those same payment platforms wouldn’t work for divorced co-parents? Divorced parents have unique dynamics that make requesting money and paying for a bill a bit more complicated.
Raising children together across miles and separate households is no easy feat. Couple that with the often strained post-divorce relationships and less-than-ideal communication patterns, and you have a situation lacking the trust, respect, and polite conversations to make “Venmo-ing” work.
Co-parents need more than a payment vehicle to exchange money. They need a secure and neutral payment method. They need a way of keeping track of many transactions and an accounting of what’s owed and paid. They also need a way to pay, dispute, and resolve child-related expenses without a lot of back and forth through text messages, emails, or phone calls.
A co-parenting app can give co-parents all of that.
A co-parenting expense tracker and child support payment app provide safe and secure payments through the Automated Clearing House (ACH) network. Many apps use the same technology as banks and payment platforms, carrying out transactions while protecting sensitive client data.
Your co-parent requests $200 in a text, but you have no idea what it’s for. You two go back and forth in texts talking about this and other information for your multiple kids. Eventually, you’ve lost or forgotten about the money request.
It’s easy to lose the facts in a string of text messages. Co-parents need a fuss-free way to account for requests and payments effortlessly.
It’s also vital that line items are more than dollar amounts. What was the money used for?
An app allows users to categorize each expense. For legal reasons, child support payments must remain separate and identifiable from all other charges for easy record-keeping and reporting.
A co-parenting app is a court-approved way to present evidence for yourself or against your co-parent for paid and unpaid amounts. It includes what any parent or legal team might need for mediation or a court hearing: organized payment history, spending categories, timing, validity, and disputed line items.
With an app, co-parents can easily see where the money went – $50 for a physical, $100 for back-to-school clothes, $150 for sports registration and uniforms, etc.
With a co-parenting expense app, two co-parents can easily bill one another using the camera function. A real-time picture of the bill or receipt leaves no doubt about its validity.
A good co-parenting expense app has a way to pay through the app so that 1) co-parents don’t have to go between multiple services to request and pay, and 2) bills and payments are easily recorded and accounted for.
Even the most harmonious of co-parents won’t agree on everything. A co-parenting app should include a way to amicably dispute a charge while moving ahead with the payment of other requests. Making partial payments while keeping a disputed amount unpaid until its resolution can save co-parents the time and expense of settling through a mediator or court.
Requests and payments for child support and other child-related expenses are much more cut and dry within a co-parenting app. Records can not be tampered with.
Transactions are transparent and time-stamped, showing both parents money-related information in real-time at the same time. There’s less fuss at months’ end to “settle up” on who owes what.
Parents gain freedom from combing through old paper receipts. No more sifting through email and text chains to find the correct information on payments and unpaid requests.
Communication advice for divorced parents is to keep their dealings with each other “business-like.” It makes child-related communication and transactions easier when co-parents put emotion aside and complete necessary processes for the good of their children.
Apps offer parents the ability to do just that. There’s little room for “extra” communication that could wind up becoming a bitter argument.
Money disagreements can lead to big arguments for anyone. For co-parents, they can result in stalled reimbursements.
Co-parents won’t always agree on expenses and their reasonableness even when bills and payments are transparent, reliable, real-time, and accurate. As a result, they need a way to disagree about charges without resorting to arguing, mediation, or court hearings every time.
Co-parenting expense tracker apps organize, record, and store information to make co-parenting life easier. They facilitate smooth parenting despite what could be an uncivil relationship. Co-parents have a way to raise their children collaboratively and split those costs.
Having everything organized and easily accessible in one place beats combing through receipts and texts any day. That’s time better spent hanging out with the kids.