How to Budget for Child Support

How to Budget for Child Support

How to Plan Ahead Each Month, Whether You Receive or Owe Child Support

Whether you receive child support or owe it each month, there’s no denying that it’s a big factor in the budgeting process. Use the following tips to plan ahead and budget for child support in a way that works for you:

How to Budget for Child Support When You Receive It

Managing your money as a single parent is a huge responsibility. Use the following tips to help you manage child support income more effectively

  • Create a budget and stick to it. Ideally, you’ll want to create a monthly budget based on your income alone. This way, any child support money you receive is extra. It’s still your child’s money, but it can go toward future expenses like next month’s groceries or your child’s… Read the entire article by Jennifer Wolf on The Spruce.

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