This often makes the other spouse feel like an outsider. Using child support for expenses not related to the care and welfare of the children. However, whether the stepfamily is just forming or has been a family unit for a number of years, it is essential that family members communicate about their finances and how best to handle them. The following discussion questions can facilitate communication about important financial topics. Conclusion Money is a powerful force in our society and can have a major impact on the success of a stepfamily.
Research suggests that there is no one correct method of handling finances in stepfamilies.
Family members need to thoughtfully consider their situation and communicate about how to best manage their money. When spouses communicate openly, make decisions together, and have mutual trust and respect, they greatly increase the likelihood that they will manage their finances successfully. Financial management in stepfamilies. McMillan Publishing Company. The economic behavior of stepfamilies.