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Parenting -- Special Concerns
Reply to "Divorced parents...does it get easier financially?"
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[quote=Anonymous]This is one of those questions that is hard to generalize. I find that I'm better off now in some ways, particularly the short term. My ex had expensive tastes, so my discretionary spending is a fraction of what it was. I put more in savings now than we did as a couple. But, couple with that, I had to refinance my mortgage to buy him out, so instead of having 10 years left, I have 20 years left and less equity. And of course, I'll have only one retirement account to live on (unless I remarry or something). But more directly, I think things did feel a lot more settled once we had a mediated agreement done and I knew exactly what to expect for support, etc. Knowing exactly what my income would be really helped me set up a budget and have a longterm plan for savings. [/quote]
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