Alimony (for divorces finalized before 2019) Pension payments For salaried employees, gross income is their annual salary before any deductions. For hourly employees, find gross wages by multiplying the hourly rate by the number of hours worked per week, then multiply the result by the number of...
Now that you’ve figured out how much debt you have and how much cash you have coming in, the next step is to look at your household expenses. How much are you paying every month for utilities, gas, water, electricity, telephone, internet, food, entertainment, clothing, and the like?
But there is also a growing body of “they save too much” and “they save too little” paired with “look at us, we figured it all out so now let’s laugh at the others.” The others are easy targets, I guess, because they aren’t the kind of people who are very likely to ...
Incidentally, while only temporary alimony is calculated using the guideline formula in this way, child support is always figured in this manner regardless of whether there is a spousal support obligation. Finally, if you are voluntarily supporting your spouse following a separation, you MUS...
Some of you might be in a situation where your monthly debt payments are more than you can pay each month, and you feel a sense of urgency because your situation is getting out of control. In this case, you can still mainly work to get out of debt yourself, but you need a way to...
Becoming a work from home single mom was not easy by any stretch of the imagination. I had no one else’s income to back me up. I don’t get child support or alimony. To be able to pay my bills without any help I have to work hard. ...
Add together any claimable expenses you paid during the year. For example if you are a teacher and you purchased items for your classroom, called educator expenses, you can claim the expense. Other expenses include tuition, student loan interest and alimony you paid. Subtract the total of your...
In our example the Visa card has a relatively low balance but even so, it could still take you over 10 years just to pay off that much making minimum monthly payments. Most car loans are 3-5 years in term (less if you do as I suggest) so you might pay off an $8000 car loan ...
Now that you’ve figured out how much debt you have and how much cash you have coming in, the next step is to look at your household expenses. How much are you paying every month for utilities, gas, water, electricity, telephone, internet, food, entertainment, clothing, and the like?