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Parenting -- Special Concerns
Reply to "Surviving financially after divorce with kids"
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[quote=Anonymous]I played around with the online child support calculator for my state and got a feel for what I would get and then I played around with the irs calculator to get a feel for what my new take home would be once I started filing as head of household. Then I sat down and hammered out a livable budget. In my case, I kept our house and refinanced to bring down the payments. My parents gave me some cash to bolster my savings after the buyout, but I could have swung it on my own (they had recently given my sisters the same amount, but held off with me so it wouldn’t muck up the divorce financial settlements). I have found that my discretionary expenses are so much lower now that it makes up for the fact that I’m paying a larger share proportionally for housing. [/quote]
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