Please post anonymously.
I can't stay with my husband for much longer. His constant irresponsible spending has me at my wits end. I go without all the time yet he thinks nothing of spending $200 on one day of drinking and gambling. He has spent over $400 in the last 9 days alone. We are not wealthy and in a lot of debt. I believe in for better or worse but am sick of his selfishness and have tried for years to get him to grow up. I just can't fathom taking on more credit card debt just to buy the weekly groceries.
My question is; do child support agreements cover our joint debts and loans? I can't manage those payments on just my wage. I don't want to be even worse off and have our children suffer. I know they will suffer enough from a separation. This is not something I am taking lightly but I can't keep going like this.
Managing finances after separation
Managing finances after separation
Posted in:
Relationships & Marriage, Money
1 Replies
I don't think your going to get an answer that makes sense to you. Debts are not covered by child support but are covered in the financial separation. Child support is worked out on a percentage of incomes and has nothing to do with what's owed. You will be able to use your child support payment to pay whatever you like with.
I think your best bet is to go see a financial counsellor so you understand how to minimise losses. They don't sell products but can negotiate freezing interest on loans and how to minimise any losses.