Advice Please..
#21
03-25-2007, 05:52 PM
Originally Posted by tombstone10
Okay, here it is...We married in 1997.. We started off as others do, happy and big hopes for the future..I had just got out and on my way into a career in trucking..Gone all the time as a usual driver and had some really good jobs..The best one I had was doing a California turn back to Texas once a week, and did that for over 4 years..One year I grossed over $45.000.00..I did not take over $280.00 a month in draws and the rest went to her to manage and the up keep of the kids..My monthly bills consisted of $700.00 mortage, $800.00 food, $100.00 water, $200.00+ electric, $430.00 van, $140.00 gasoline, $160.00 auto insurance..Now at $1000.00 a week gross and netting around give or take $800.00 plus, equals about give or take $38.000.00 plus net for the year....So now you take $33.720.00 from $38.000.00 and that gives you an extra $4280.00 left for the year..Not to mention like clockwork from the IRS, our earned income credit that was never under $3.500.00. Now that's $7780.00 total for clothes and running around and such...And this is just what I made and paid, with the exception of the earned income credit..See she is a Registered Nurse...She made decent money last year as well...We were always behind on our bills by 2 to 3 months....This is one of the reasons for divorce...She spends money on everything...This woman has a shoe collection that looks like she in the shoe business..What ever is out there when it comes out she has to have it..
Now, I have 5 daughters still at home..Only 4 are from me..The oldest she had from a previous relationship..However I know kids ain't cheap, cost of living goes up all the time..I am filing divorce on her because I can't stand it any longer..And yes, I know I will have to pay out the nose for support...NO PROBLEM...I just want to have them some funds for their future..Is that a sin?? My future ex wife will have zilch, nada, not one ioda of anything stored up for them... Now do you understand where I'm coming from??? I do not wish for her to BLOW their future off!! I can't make it any plainer than that!!! Thank you, T.
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#22
03-26-2007, 06:33 AM
Incorporate. Get a good accountant and he should be able to help you figure out a way to put some of the company money into a savings plan for your kids.
We have 2 kids in college now and while the tuition for both is over 30,000 a year, the most we have had to pay out of pocket is about 8,000 a year. We have average incomes. 1 truck O/O and wife makes about 30,000 a year. With small scholarships and government grants - we manage. |
