Hi, I'm 40 and earn $3,500 net/month and paying $1,600/month for mortgage of $321,000.I bought the house 2 years ago with $34,5000(for the idea of equity). How much should I be putting away per month for saving in general? I have $25,000 to be make doing a business of producing a digital design for a mining dock. To be honest I can't put away as much with my recent income and I don't feel good about it. I feel so insecure financially. I am divorced and have 10 years old son with me and my ex hasn't pay any child support yet since we are separated by saying I am the one who owed him as I couldn't pay him off from dividing the asset (the house) yet which is around $10,000. I just file the child support with BCFMEP and don't know how it will turns out. By my calculation, he owed me around $6000. And I really want to know how much will you spend on the monthly bills and food IF you are in my situation. I couldn't save. Am I being too comfortable? I live in East Vancouver.
Update:I don't know how to reply an answer, so here to Y! Groups Dads House Ed. Center, I tried, by letting the child stay with his dad as per also the father's idea to not pay me the child support as he start to get paid $5500/month start from Last June(he's not even paying at all for the last year) . My son live with his dad for the summer July and August and and he realized it's not like living with mom and simply came back. The father manipulated to come and live with him attracting how FUN will be to live there and I let it happen to let both learn by themselves, to the father, how tired it can be to cook, raise the child, deal with all child errands and work at the same time. To the son, simply to let him learn the difference. and my son came back happily and with more respect towards me which I expected. For me, I missed my son, I know I cannot live without him.
The father, he admit he can't handle, but he still didn't give the support. That's how it end up filing with FMEP. I appreci
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Why not give him custody so that you do not have that expense?
What exactly are you trying to do? Your "additional details" is a formless rant, incapable of being followed. I'm guessing that you're entire life is similar to that. It's up to you to decide what you want, and go from there. If you allow your freeloading husband to live with you, that's your choice. If you insist that you "can't live without your son", that's another pothole. There are many website that provide insight on how to budget and, asking how "much you should save each month" is the least of your problems.