Disclosures: A.M. Financial provides supporting financial information, evaluation and analysis to be utilized by the client and the client's selected attorney if directed, during the process of their divorce.  Services provided in regards to this agreement are solely fee-only and do not involve investment or security advice or insurance transactions.  All information is financial in nature and should not be construed or relied upon as legal or tax advice.  A.M. Financial IS NOT AN ATTORNEY AND DOES NOT PROVIDE LEGAL OR TAX ADVICE.  Individuals are encouraged to seek competent legal and tax advice from professionals who specialize in divorce and tax laws in their respective state.

Investment advisory services offered through WealthSource Partners, LLC ("WSP"), a registered investment adviser.  Amy Mahlen (CRD #4692263) is an Investment Adviser Representative of WSP.  Registration with the U.S. Securities and Exchange Commission does not imply any certain level of skill or training.The statements and opinions expressed by A.M. Financial are those of Amy Mahlen and do not represent the views and/or opinions of WealthSource Partners, LLC ("WealthSource") or any other associated or affiliated person of WealthSource. Furthermore, the statements and opinions expressed are for informational and educational purposes only and should not be construed as legal, tax, accounting or investment advice. All statements and opinions are current only as of the time made and are subject to change without notice.  A.M. Financial and WSP are independent and unaffiliated entities.

This website is a publication of A.M. Financial. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. Content should not be viewed as personalized investment advice or as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. A professional adviser should be consulted before implementing any of the strategies presented.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

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Creating New Holiday Traditions of Giving with Kids and Loved Ones

November 15, 2019

The first several holidays after a separation or divorce are extremely difficult.  Adjusting to on and off parenting schedules where your kids are not with you everyday is challenging to cope with.  Even with adult children, time is typically divided with by household.  Some traditions continue and others end.  One of the best ways to cope is actively building new traditions, including giving. 

 

The wonderful thing about giving is there are many different ways to give – it doesn’t always include donating money!  There is no question that bank accounts are extremely tight after a separation or divorce.  Engaging with your children and loved ones providing the gift of time, sharing talents and building community can be extremely powerful and even healing.

  

Here are some ideas to help you get started with your children, adult family members and/or friends:  Remember that you and your family have been through a lot so don’t put too much pressure on yourself either!

 

1. Discuss values

A great way to strengthen bonds is by discussing values. Brainstorm what is important to each person.  Provide reasons why you value each cause.  Discuss if you feel it is important to support a cause locally, nationally or worldwide.  Provide examples of support you have previously given to children who need some help to come up with some ideas of their own.  Come up with a final list of values/causes where everyone feels like they have a connection with.

 

2. Research

Assign each person a cause to research ways in which you can be supportive. Some examples include animal adoption, homelessness, hunger, the environment, medical cure research, caring for the elderly etc.  With younger children you can do the research and brainstorming together.  Identify organizations you would like to possibly support and the various ways to support them (volunteer, organizing food or clothing drives, donations, etc.)

 

Websites such as, charitynavigator.org or charitywatch.org, are available to search and review organizations if you need a place to start.

 

3. Inventory

Remember that giving should not deplete us from time, money or emotionally where we have nothing or very little left.  It is an offering where you should be able to remain stable in addition to receiving the gift of giving.  Conduct an inventory of what you all have available to give.  Don’t leave anything out.  Include items such as time available, hospitality, cooking, toys, clothes, blankets or sleeping bags that aren’t being used, being handy, sewing, artistic abilities, organizational skills, etc.  This is a great exercise to determine what you have that is valuable even if it is not sitting in a bank account.

4. Impact

Discuss how supporting different causes in different ways can affects the overall outcome or impact.  For example, the number of people you are able to impact versus the degree in which one person may be affected.  It maybe that you decide that helping your elderly neighbor or inviting them over for dinner may have the impact that you connect with that also aligns with your supply of available inventory for giving.

 

5. Build a plan

Determine which causes you will support and how – ideally at least one where everyone is supportive and can be involved together.

 

Make a plan regarding each person’s ability to contribute and how to carry out.  For example, if you would like to help feed the homeless, scheduling will need to be completed.  If you are organizing a clothing or food drive in your neighborhood plan details regarding how/where to gather items, when and where the items will be donated and how to get your community involved (flyers, Facebook, Nextdoor, etc).

 

If monetary donations are to be made, have your kids determine how they will contribute - by using some of their allowance or planning additional chores.  Consider matching donations for your children to encourage your families overall support and involvement for the cause.

 

Wishing you all a peaceful and restorative holiday season!

 

Disclosure: Divorce transition/financial planning services offered by A.M. Financial. Investment advisory services offered through WealthSource Partners, LLC ("WSP"). A.M. Financial and WSP are independent and unaffiliated entities. The statements and opinions expressed are those of A.M. Financial and Amy Mahlen and do not represent the views and/or opinions of WSP or any other associated or affiliated person of WSP. Furthermore, the statements and opinions expressed are for informational and educational purposes only and should not be construed as legal, tax, accounting or investment advice. All statements and opinions are current only as of the time made and are subject to change without notice.

 

 

Wishing you all a peaceful and restorative holiday season!

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