Creating a Budget in Preparation of Divorce
The easiest place to start is listing of fixed expenses: rent or mortgage, utilities, phone, cable - all the things that are regular and recurring expenses and vital to day-to-day living. The list will also show the variable and nonrecurring expenses, such as entertainment, casting out, recreational shopping - the expenses that are discretionary, not necessarily required, but pleasant. Then go to other side. List all the income from all sources - employment, interim support (including child support), investments, and rental income.
The big question here is, is there enough income to meet expenses?
Useful Online Tools
Resources & Tools
FOR THOSE CONSIDERING DIVORCE – The decision to divorce is always very difficult and terribly dislocating. It is wise to consider the marriage as a whole against any one single mistake.
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Thinking Divorce? Think Again, Book and DVD
What Happens to the Marital Home Upon Divorce
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"A Plain English Guide to Protecting Your Children"
Author: Mary L. Boland, Attorney at Law
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