Well, it was probably good that I left off my husband's income and assets and everything when calculating networth... Turns out he's been planning a divorce for quite some time.
So- without getting into the personal, nitty gritty details of it, we can just say that it will change my financial situation.
Except- in most cases, people feel a divorce makes their financial situation worse. For me- I am almost certain it will improve it!
That's because he's not been very good with his finances, ever. Not saying I'm great (just see my networth to agree! LOL) but I pay what I can when I can. He has no issues taking an entire paycheck and taking a last minute trip or blowing it on small purchases here and there. And can never tell you where his money has gone. When that happens, it was often up to me to make up the difference. Our property/school taxes were prime example of it. He took them out of the escrow payment, despite my protests (house is in his name only) and assured me he would set aside the required $60 a week to pay them when they came due.
Well, that didn't happen. I ended up paying $3528 because the taxes were late and it took me a few months to come up with the money to pay them. That money of course could have been put to use paying off my credit cards or a loan, etc. Just an example.
So not only will I never have unexpected bills handed to me once things are finalized, but I will also be assured, by law, a certain percentage of his income for child support. So in that sense, I can actually budget because I'll know there will be "X" amount per week for groceries and kids clothing, school events, etc.
I like to look at the bright side of things :)
So, more than ever,
Learning to Spend Less To Make More is going to be important for me.
