How I use Namu for managing our kids’ finances with my ex-spouse
May 16, 2019 by Ushir Shah
Even when a marriage or relationship doesn’t work out, ex-couples who have children together continue to share the responsibilities and challenges of parenting. As a divorced dad of three young boys, I understand that it can be a struggle. We are building Namu as a solution to the challenges I faced managing my own family’s finances. Continue reading to learn why.
Money is a stressful part of any relationship, and sometimes that stress carries on after the relationship ends. Even when a marriage or relationship doesn’t work out, ex-couples who have children together continue to share the responsibilities and challenges of parenting.
While custody agreements may work out a lot of larger points, parents still find themselves working out the finer details day-to-day. As a divorced dad of three young boys, I understand that it can be a struggle. My ex-wife Susan and I share custody of our sons, and we live in neighboring states (that may sound far, but NYC and northern NJ are quite close!). The kids live with Susan primarily, but I’m an active part of their daily schedules and lives.
From sports activity fees to new sneakers and braces to medical bills, there are plenty of expenses Susan and I share. Managing finances together is a challenge even for married couples and those who live together. I can say first-hand that divorce and distance only make things more difficult, but it doesn’t have to be that way.
We are building Namu as a solution to the challenges I faced managing my own family’s finances, especially after a divorce. Before Namu, I would discuss and review bills with Susan through one app, pay her using another, and track the expense somewhere else. One can imagine the headache this caused come tax season or during disputes. I utilized all the market-leading services to manage our finances, but I kept finding myself looking for something simpler.
With Namu, Susan and I are able to agree upon a split expense, send and receive money, and track the expenses all in one place. When a school fee needs to be paid, Susan sends me a request, we agree on a split, and I quickly pay her. Every payment is automatically tracked and organized, making it a lot easier to complete my taxes at the end of the year. The entire experience is seamless, and so much easier.
Divorce doesn’t have to make managing money more complicated. Namu enables families of all kinds to share expenses, budget, and plan for the future together. With human and AI-powered expertise at your fingertips, you can spend less time worrying about your finances and more time with the family you love.
Get Namu today to help with your finances!