Stbx and I are going to separate. He is not being very helpful or forthcoming, and I'm not sure whether he's being tricky, clueless, or if he's correct (and I'm the clueless one
Here's the thing: I can't afford to pay for our house (mortgage $1500/m, home equity loan, $450), so I'm looking for a cheap rental for me and our 2 dc. Stbx wanted to buy himself a cheap fixer-upper house, but apparently the banks don't want to give him a loan. Now he says he's
going to stay in the house.
Even with a refi, I don't see how he can afford the house AND child support. The way we had divided the finances, he paid for the home, utilities, and insurance. I paid for groceries, gas, medical copays, and everything for the kids (clothes, gifts, toys, tuition, activities).
While paying only a bit over the minimums on his $20,000 (personal) credit card debts, stbx has, in theory, about $500 "left over" at the end of the month. In reality, he usually has nothing left, because if unexpected expenses don't use it up, he blows it on himself.
Let's assume for a moment that he will keep paying med insurance for the dc, but drop me. Let's also assume he gets a good refi on the house. I don't think he's planning on getting a boarder, btw, because he hates people. Once the dc and I leave, his utilities will go down, of course.
But, he'll be buying his own groceries and gas, plus cs, plus expenses for the kids not covered under cs. Seems to me he's going to be in the hole every month-- by around $1000. Can he make that up some way I'm not seeing?
I'm not thrilled about the idea of putting the house up for sale in a tanked market, but I don't see how he's going to afford it. Should I try to get him to agree to sell, or just let him do what he plans? Both our names are on the mortgage and the heloc. What makes the best sense/safest plan for me and the dc?