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Reply to "Help me keep my finances together post divorce "
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[quote=Anonymous]OP, I am so sorry about what you are going through. I don't want to pile on. I can understand you want to keep your son in middle school with his friends, and to have the same house they grew up in to live in. But I think you will be too house poor. You will have to cut back on so many things the kids used to take for granted. If renting out the basement would bring your mortgage to within 30% of your takehome pay, then that's a decent solution. But if not... I really think you need to find a housing solution that is only 25% to 30% of your takehome pay. Especially as a single parent. [/quote]
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