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Reply to "Help me keep my finances together post divorce "
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[quote=Anonymous]I never wanted to land here, but here I am. I am the higher earning spouse, so I have the greater ability to keep the house to keep the kids in their neighborhood and school. But, it’s going to stretch me in the next year. HHI: $215k (my salary and bonus) Net worth: $355k (my investments and half of the equity that’s left) Cash flow: everything is kind of decimated post divorce. I used to have no CC debt and a healthy savings account. Not so much now. Savings account: $5k CC: $5k in debt in leftover lawyer fees Student loan: $33k No car payment Mortgage: $1,073,000 Monthly expenses: Mortgage: $5,600 Childcare: $600 Child Support: $478 Bills/Cell Phone: $540 Car/Insurance/Gas: $200 Student Loan: $300 CC Payment: $300 Starting in 2020 I have RSUs vesting that give me big chunks of money that I can pull from but this year is going to be hard. Any hints or tips for getting through this year? Should I stop contributing to my 401k for the year (currently contributing 6% for a 6% match which vests immediately)? This is a brand new divorce- I haven’t started living without my kids half time yet (starts next week), so are my bills going to go down, and I just haven’t realized it yet? [/quote]
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