Category: Finances
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Tips For The Newly Single: How to Live on One Income After Divorce (Pt 2)
Welcome back and thanks for joining us. We’ve been talking about the issues people face (from a financial angel) after the divorce, and the best advice we can give you to avoid that is this: don’t wait until after the divorce before you start preparing for it. Don’t wait until you’re officially divorced to create…
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Tips For The Newly Single: How to Live on One Income After Divorce (Pt 1)
Divorce can be a very hard time for families. However, while it’s already difficult from an emotional and mental standpoint, there are also financial ramifications to consider. As we mentioned in the previous article, going from a dual-income family to being a single earner can be very challenging. This is even harder for women who…
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New Study Proves Child Support Rates Are Very Inconsistent! (Pt 2)
Hi there and welcome back. We’ve been looking at an amazing study conducted recently by Custody X Change, a software used to develop custody agreements and help parents track parenting schedules. As we mentioned in the previous article, the researchers created a fictional family and entered their data (which represented a financial average for the nation)…
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New Study Proves Child Support Rates Are Very Inconsistent! (Pt 1)
Many things differ from state to state. And we’re not just talking about differences in weather from one place to another, or differences in the terrain and geography of the area. For example, the most well loved dish is Delaware is Scrapple, whereas in Hawaii it’s Poke. And while Colorado has the lowest obesity rate…
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Do I Still Have to Pay Child Support if my Kids Stay With me For The Summer? (Pt 2)
Hey there, and welcome back. We’ve been talking about a subject that hits hard for many parents during the summer season – the issue of taking on additional expenses because you’re now spending more time with your kids, but not being able to make smaller child support payments. As we mentioned in the previous article,…
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Do I Still Have to Pay Child Support if my Kids Stay With me For The Summer? (Pt 1)
The summer in Michigan is unlike any other season (although with all this rain, it sure feels like spring, doesn’t it?) people travel more, go on vacations and take day trips, and the state’s campers arrive en masse on the lake shorelines like an army, well stocked with sunblock and s’mores. There’s more sleeping in,…
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Why do I Have to Pay Alimony? Can’t my Lazy ex Earn Their Own Money? (Pt 2)
Hey there, thanks for coming back for the rest of this discussion on alimony in Michigan, and why you may have to pay it (even if you really don’t want to!). As we explained in the previous article, there are many situations where the family court here in Michigan would assign a divorcing couple alimony.…
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Should You Get Remarried in Later Life? (A Breakdown of The Financial Concerns.)
If you’ve been giving some thought to the idea of getting married again as a senior, you already know there are a lot of things you need to consider first. The pros and cons of getting married or remarried later in life are significant, especially if you’ve already survived a divorce and don’t want to…
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What Actually Happens to Your Debt After You Get Divorced! (Pt 2)
Hi there. Welcome back to this look at what happens to your debt after you get divorced. As we mentioned in the previous article, there is no cut-and-dried explanation for how debt gets divided when a couple gets divorced. A lot has to do with who earned the money that was spent, how it was…
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What Actually Happens to Your Debt After You Get Divorced! (Pt 1)
For most people, when they think about what they need to address during a divorce, they tend to think about dividing up their stuff. Who gets the car? Who keeps the house? Who inherits the camper? But it’s amazing how few people think about their debts, and how a divorce means dividing those as well.…