4 of 13
Before Ken lost his job, the couple made a combined $4,500 a month. With only Deb's income, the household total will decrease to $1,645. Monthly expenses that will not decrease total about $4,300 each month. The couple also has $10,000 in credit card debt.

Despite their precarious financial situation, Suze approves Deb for a divorce. "In this particular situation, if they were to sell the house, there is enough equity in the house to pay off their mortgages for them to have $10,000 extra to pay off the credit card debt and for them each to have $5,000 to start over in renting an apartment," Suze says.

Suze says Deb could rent an apartment for about $800 a month. "And on everything else that I figured for her, she could live in that apartment with her children and make it for $1,645 a month, also assuming that one day Ken will have to pay child support when he does get a job," Suze says.
PREVIOUS | NEXT
FROM: Suze Orman: Can You Afford College, a Wedding, a Divorce?
Published on March 04, 2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

NEXT STORY

Comment

LONG FORM
ONE WORD