Finances

[LeedsZebra90]

Can you share have you have managed to move out in terms of finances? I genuinely don't know where to start - we have a fair bit of equity in the house but very minimal savings, similar incomes (both around 40k) and dont really have much left at the end of the month. 3 primary aged kids. How did you go about covering the costs of moving out/finding somewhere else to live and then ultimately covering everything on one income? We don't live in an expensive part of the country, but looking at available rentals wipes out well over half of my income.

Any advice appreciated. I know I need to leave - i am emotionally in an ok place and know it is the right decision but I am so overwhelmed by the logistics.

If you already don’t have much left at the end of the month currently with two incomes funding one household then really the only viable option is to continue cohabiting until you sell the house, take your share of the equity and then find somewhere to buy/rent depending on what you can afford.

I'd stay put and maybe have a look at your outgoings, see what you can reduce/ pay off debts/ get in a better position for when you'll need to re house yourself.

I would make sure your credit score is OK for when you get another mortgage. Pay off any of your own debts. Be careful about squirrelling money away as you’ll have to declare it as part of the divorce settlement. Ideally brief a family member or a good friend who can put you all up in case there’s a transition period between homes. Go and see a solicitor on the quiet. Look for a promotion.

You won’t have just one income coming in though will you, as you’ll have child maintenance from your ex?