Over 50 in Consulting

I’m 52M and looking at divorce with a kid heading to college and one still high school. I agreed to pay for both kids’ college and live a like a pauper for the next 7 years. Any advice?

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Pay for children's education-Yes Paying for future ex spouse's lifestyle-No

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likeuplifting
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OTOH, 7 years might be a bargain depending on what he’s keeping.

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I am not sure what your definition of a pauper is? Hopefully you guys have already saved something for college. When I got divorced, I agreed to pay double the required amount for child support and 100% of college. While economically unfair, I couldn’t be happier. Focus on the future and look at the bright side.

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It really is!

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If you were still married wouldn’t you be paying for school anyway? Don’t understand what impact your divorce has on the children you are already financially supporting.

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Do the right thing for your children no matter what the cost.

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How much you paying in alimony tho and for how long?

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I have two kids in school (both out of state) and it’s expensive. My husband and I have really really cut back on eating out and slowed down on extra frivolous spending. You can do it.

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