Originally posted by: alkemyst
Originally posted by: SaigonK Christ, I get paid every wo weeks, that means $424 out of my check, Lets do some quick math: $930 net -$424 in support ---------------------------------------- $506 every two weeks so $1012 a month. $1012 net income -$650 for an apartment -$235 for my car --------------------------------- That leaves me with $127 per month for food for me and my girls, lights, phone, cable, my present bills. I guess bankruptcy is looking better every day! Christ! I mean her income is like $26k while mine is like $47. But with that amount of support it would be $10,100 per year! So i go down to $37k and she comes up to $37k Now how the hell is that fair? She wants to make more money because she is getting a divorce? She needs to get off her ass and find a better job then!
How does 930 net every two weeks add up to $47k a year? Do you have a savings plan? That isn't really the same as saying you are only left with 127 per month.....based on my math even at 20% in taxes you are hitting $15k+ into savings or investments/401K/insurances....if you are paying insurance for the kiddies that will come off you 'montly'. Å
I pay for my auto insurance right out of my check, I have a 401k that i put $100 into each paycycle, health insurance is 90 per cycle, then LTD and STD (long term /short term disbaility)
Here is a break down for you:
Gross over two weeks:
$1816.69 pay
$354.85 in taxes
------------------------
$1461.84
$81.46 Health
$10.86 Dental
-----------------------
$1369.52
$0.77 for life insurnace (basic)
$4.36 - Opt Life (5x my pay is the payout - completely worth it)
$3.23 - Spouse Life insurance (Guess i get that $3.23 back)
$3.27 - Accidental Death and Dismemberment Insurance.
$1.15 Child Life Insurance
$9.05 - Short Term Disability insurance
$5.63 - Long term disability insurance
$109 - 401k contribution
------------------------------------------
$1233.06
$77.83 - Auto/Renters Insurance (this should come down by about 40-50% once my wife goes off mine and gets her own)
$65.31 - 401k Loan we took to pay some bills - (I still owe like $800 on this)
$57.32 - Long Term Care policy (This covers if my family needs a nurse or on site healthcare - My youngest daughter has Turners Syndrome, I thought it would be good to have JIC.)
$10.00 - United Way Charity
----------------------------------------------
$1022.60
$100 - Each pay cycle I have $100 deposited to a bank account in Florida, we lived there for a few years and we got a credit card with like $5300 on it - I use this to pay it off each month.
----------------------
$922.60
There you have it. Pretty damn messed up if you ask me.
With some number moving I can get some cash back each month:
$114.64 per month if i drop LTC, I dont think I really need it. I was just being over cautious.
$150 per month if I lower my 401k contribution to like 1-2% - Yeah it would suck but it would not be forever.
$6.46 since she wont need me to cover her with life insurance anymore
$70 once she gets off my car insurance.
--------------------------------------------
That means $341 i get back...seeing as how my monthly bills that I was trying to knock down before we decided to split are $385 that woudl help a ton, but just not enough!
God forbid I need to pay some other damn bill or the kids go to the doctors and I need to come up with a deductible! Sheesh!
I get to give up over $10,000 a year to her, she could go work at the state department and make $5k more each year, but..no..that would not ber her dream job.
And why get something better when you can have your EX pay for your stuff and you get a 10k bump.
One thing she doesnt realize, she is going to finish her Masters degree, when she does she gets an automatic bump at work to like $30k, it isnt allot but at that time we will be redoing the support model. That is if I do not get 50% of the time with the kids.