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Working out finances

  • Stumpylad70
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31 Jul 12 #346354 by Stumpylad70
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Well I recieved a letter from STBXs solicitor, basically stating that she wants £300 a month in maintenance. Which at first glance doesnt seem to be unreasonable. But doesnt take into consideration one thing. How much I have in outgoings every month.

Now I have have done a budget sheet of all my outgoings based on paying this £300 to give some kind of idea as to where I stand. It doesnt make for good viewing.

My income pretty much averages out at about £2000 per month. All well and good.

My outgoings projected from the budget sheet would be.... £2205.

That is not a joke. Nor is it a miscalculation. I ran the numbers three times. £2205. I would be £205 a month in debt until such time as the house gets sold and the divorce gets done and dusted. This is not a good option in my opinion. Not good at all.

Now please dont get me wrong. I do want to provide for my son. But, and its a big but, SHE is getting working tax credits, child tax credits, child benefits, housing benefits. All of which is a rather large amount of money, and I am getting my wage, that is all. If this were to go ahead I would end up in debt, financially screwed and facing god alone knows what.

How am I to provide for my future and my sons if I am almost bankrupted by her demands?

I am trying to reach some kind of agreement, though that is hard with someone show wont communicate at all, is frankly a selfish b*tch, and seems to be determined to ruin my life because of something that she did.

I need to have some money to fix the house up for sale too. How am I to do that with spiralling debts? How am I to get a home buyers report done to sell the house if I have no money to pay for it?

Its turning into a damned nightmare.

  • somuch2know2
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31 Jul 12 #346355 by somuch2know2
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Not sure if Scotland has the same rules for CSA but if you bring home 2000 and you have one child then yes, you need to be giving 300 for child support.

I suggest you get the finances and assts sold and divided as soo as possible as this means you can move on and recover.

To be honest, if all she wants is child support you are getting off lightly.

  • mumtoboys
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31 Jul 12 #346360 by mumtoboys
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if your wife is getting working tax credit etc. that is because she''s got a low income. She also has a child to support and presumably childcare to pay if she is working (never cheap). You should run your salary through the calculator on the CSA website to make sure that the amount she is asking for is consistent with what that says and if it is, that''s your bottom line. You are under no obligation to pay anything extra on top of the maintenance.

If you need to reduce your outgoings, have a look at the moneysavingexpert website as there is a lot of good advice there.

  • Stumpylad70
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31 Jul 12 #346365 by Stumpylad70
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Her childcare costs are zero. I have my son when she is working, and her parents will do it free once I am back to work in a little over a week.

She did try to hit me for her rent as well. Claiming she is paying £593 a month to rent, though she is in receipt of housing benefit.

Like I said, I am willing to pay for my son, but I cannot be left in debt by this. As it stands she is turning into a complete money grubbing b*tch. In fact she is ten times worse than my ex who completely screwed me over financially to the extent I had to move from Glasgow, sell my house and was still in debt.

So much for her wanting to have a Clean Break. And not going to ruin me. Frankly she seems determined to do just that.

  • happyagain
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31 Jul 12 #346366 by happyagain
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Hi stumpy, are there other things you are currently paying for, such as the joint mortgage, which would account for your high level of outgoings?

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31 Jul 12 #346369 by Stumpylad70
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yes. I am paying the joint mortgage, and her life insurance.

Also I am paying a car loan that had been agreed she would pay though its in my name. Now she has decided I have to pay it.

If the total of the mortage being split, as she will benefit from the sale and her insurance were to be taken into consideration, I am paying about £270 a month for her. Roughly speaking.

Ok so I am saving on the council tax, but I am seeing my outgoings spiral upwards. And she is dragging this out for some reason, not doing anything about selling the house.

Once that is done I will happilly pay her £300 a month. No problem. Because the car loan will be paid off. All the debts gone. And I will hopefully have a smaller mortgage.

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31 Jul 12 #346383 by happyagain
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Well in that case she shouldn''t be asking for cm as well as you are already paying more than that on her behalf. This is probably why the request has come via the sol rather than the csa, as the csa will accept mortgage payments in lieu of maintenance.
I would reply to her sol that, until finances are concluded, you are only in a position to pay either the mortgage and the loan for her car, or child maintenance and which one would she prefer?

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