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Reply to "How do people in this area afford divorce?"
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[quote=Anonymous]Because of the divorce I was extremely motivated and got multiple promotions going from about 45k to 145k in 7 years. What made things easier was that exH and I agreed that I would keep the house and the kids would stay with me 100% due to ex’s work travel and allowed him to rent a cheap apartment nearby. The kids do not stay overnight with him but he will pick them up and take them out to dinner, bring them to their sports practices, etc. Because I kept the house (purchased before interest rates became awful) I did not keep as big of a chunk of our combined retirement balances, but that is ok. I am catching up, and also have more than enough home equity to cash out and downsize mortgage free once the kids are launched, and be able to throw significant money into retirement savings. I also have a pretty good pension and SS coming my way so I’m not terribly worried about retirement. I have also repartnered with someone who has significant income and assets, though we will not marry at least until the kids are out of college. Another thing that helped was we did not go the contentious divorce route or pay $$$$ to attorneys. From what I’ve seen in other people’s divorces is the only real winners when people go that route are the lawyers. Ex H did throw a bit of a fit, but when he accepted the reality of the situation, did not want to spend money on lawyers. We used our state calculator to determine child support. No alimony because my income wasn’t a lot less than his. So that’s my story about how I afforded divorce in NoVa.[/quote]
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