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Joined: Feb 2006
Posts: 288
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Joined: Feb 2006
Posts: 288 |
I just finished a financial implication worksheet for my divorce. Is it normal for more than half of a husband's income being paid in both child support and alimony? I have no problem with the child support but the alimony is even more than that.
Heck, my WW will end up with more than I have. I took what was left and added up my expenses and I cannot live on what is left! Rent + Truck payment + Std Loan payments are all I would be able to do! Is this normal?
C-
BS-me (40)
WW (39)
DS11 - The true light of my life!
EA (to become a PA on June 9th)
DDay Feb 5, 2006 ("I do not love you")
Real DD March 22, 2006 ("I think I am a lesbian")
Divorce Pending
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Joined: Feb 2002
Posts: 4,199
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Joined: Feb 2002
Posts: 4,199 |
It differs by state, and there has been much debate on the board about this. My state's formula is that 18% of the combined family income go to support the child. So if you and wife are not close in earnings, it could mean you pay alot.
And alimony is typically rehabilitory and not for life, that means it will go down over time. Alimony is intended to bring both households within 10% of each other. (W's earnings + CS + alimony should be within 10% of H's earnings - CS - alimony ). This is a rough estimate.
Note, there are no considerations for loans here, just straight income calculations in most cases.
It was a marriage that never really started.
H: Conflict Avoider, NPD No communication skills (Confirmed by MC) Me: Enabler
Sep'd 12/01, D'd 08/03.
My joys and the light of my life: DD 11, DD 9
*Approach life and situations from the point of love - not from fear.*
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Joined: Feb 2006
Posts: 288
Member
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Member
Joined: Feb 2006
Posts: 288 |
The issue on loans is what I saw. Yes, the alimony in Texas is only for 3 years. My child support would be a bit over a grand a month and the alimony would be $1,400. I make good money but that really leaves me with nothing. I could not even afford an apartment...
Thanks for replying.
Chris
BS-me (40)
WW (39)
DS11 - The true light of my life!
EA (to become a PA on June 9th)
DDay Feb 5, 2006 ("I do not love you")
Real DD March 22, 2006 ("I think I am a lesbian")
Divorce Pending
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