Blended Families

According to the Stepfamily Foundation, nearly 1,300 new step, blended or second families are created every day in the U.S.; in fact 64% of all American families are some form of blended family. 

Blending families is not a simple or quick process.  While the paperwork may indicate that a new family is formed immediately upon remarriage, the actual work of bringing two families together to create a new family structure – the process of blending families - can be difficult, emotional and very financially challenging.

Blended families (whether one or both spouses have previous marriages) have unique issues that affect financial decision-making -- such as child support, alimony, legal relationships between stepparents and non-biological children, joint custody issues, and more -- that other forms of families do not typically have.  Because divorce is usually very financially debilitating, when two previously divorced single parents marry they may feel especially worried about money.

This section is designed to help you think through, discuss and make decisions about creating financial priorities, boundaries and goals within and for your new, blended family.  But first let’s talk about what, exactly, a blended family is.