Following A Budget After Divorce
Learning how to downsize is pretty hard. I was used to 2 paychecks coming in the pay the bills, and now I am down to just me. Child support helps but I get VERY little since he is self employed and doesn't make too much. Learning how to budget is something that I have had to learn. First things first is the fact that you have to make enough money to afford the payments on the rent, or whatever house you are going to be living in. You must factor in the cost of electricity, gas and water and that is combined together to see if you make enough to cover that. Next is making sure that you have the money to buy gas for your car to get to work, food to eat on, and the necessary oil changes and new tire that you might need. Then....there's necessary clothing you need to clothe the children, if you have any, and for yourself to go to work in. All of this needs to be considered before the cable expenses, movie rentals, eating out and extras like going out to have a nice time. It's hard because it's totally different than it was before. Honestly, it CAN be done, as long as you watch your incoming and outgoing expenses. Making a budget is easily done by writing it all down on paper, then it's easier to follow.