The average child support payment totals $430 a month. This massive sum can throw even the strictest budgets out of whack. For comparison's sake, it's as if you were paying off a car loan for a mid-range vehicle.
Still finding your financial footing after a messy divorce? It's time to tighten up your spending. With some great budgeting, you can afford child support payments even on a low salary.
Get proactive. The first few months following a divorce are an essential time period. Once you fall behind on payments, you could be looking at some serious consequences.
So what's the secret to managing this new expense? Read on and learn how to figure child support into your monthly budget.