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Reply to "Fiancee with moderate income insists on private school for daughter"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My fiancee is divorced and has a seven year old daughter. Although she has an income well below six figures - and lives in an excellent school district - she insists on splitting private school tuition with her ex. Unfortunately, she then has no money to contribute to retirement or do much else other than pay her rent and basic expenses. What can I do to get her to realize that she needs to plan for her future? She has no assets and a fair amount of student loan debt as well. [/quote] If she didn't marry you - what was the plan she had? Just wing it? Does she stand to increase her income in the coming years? How old will she be when child is out of private and college? Young enough to contribute a lot at that time?[/quote] She is newly divorced. To her credit, she no longer uses a credit card and is making a dent in the small amount of cc debt she had (it was due to fertility treatments). She then plans to tackle the student debt. If she didn't have the private school tuition she could probably eliminate all cc debt and student loans on her own in about five years. She is in her late 30s.[/quote] LOL. She had fertility treatments and had a baby and then divorced? Run![/quote]
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