CashNews.co
Co-parenting allows parents to share responsibilities. Vishal Dhawan points out that “if you were a couple, you would have had a common retirement fund, which eases financial strain.” Co-parenting enables parents to distribute financial responsibilities more equitably, ensuring a balanced upbringing for their children without overburdening one parent.
For example, one parent might handle all educational expenses, while the other manages living expenses. “Education is very important for most people, and both parents often have the same aspiration for their children. When money becomes a constraint, co-parenting can provide a solution,” says Dhawan. This arrangement allows each parent to focus on specific aspects of their child’s upbringing, easing financial pressure and ensuring that both parents’ aspirations for their children are met.