Comments on: Financial Question of the Day: What To Do With Child Support http://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Machttp://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-10771 Mac Mon, 05 Apr 2010 03:33:41 +0000 http://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-10771 Kind of a no-brainer, but it definitely is a moral question for some. No matter what, the money needs to be paid. That's not the question. The custodial parent then has the "moral" obligation to use the money on their child, but I can see that also being used for food, housing, etc. If there's extra, I'd be ok with it being used for anything, really. For those celebrity divorces, I'm sure the $50K/month some spouses receive in settlements aren't used to buy a toddler golden blocks or diamond-studded books. Point is, they money can and should be able to used for anything, as long as the child is well taken care of. Kind of a no-brainer, but it definitely is a moral question for some. No matter what, the money needs to be paid. That’s not the question. The custodial parent then has the “moral” obligation to use the money on their child, but I can see that also being used for food, housing, etc. If there’s extra, I’d be ok with it being used for anything, really. For those celebrity divorces, I’m sure the $50K/month some spouses receive in settlements aren’t used to buy a toddler golden blocks or diamond-studded books.

Point is, they money can and should be able to used for anything, as long as the child is well taken care of.

]]> By: burgundydurangohttp://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-5610 burgundydurango Wed, 12 Mar 2008 23:57:52 +0000 http://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-5610 I agree with Minimum Wage that it is pointless to mention it in court unless you've got some kind of crazy proof that the child(ren) isn't being provided for. The parent receiving the support can easily argue (and rightly so, i think) that the support they've spent on themselves is replacing funds in their own budget which they spent on the child. I've been paying child support for 14 years on my two daughters (yes, I'm current on all my payments), in addition to extra money here and there when necessary, and though I may not support all of the financial decisions they're mother makes but I also don't really have any say. It's her budget and as long as the girls are well cared for (they are) then that's all I can really worry about. I should add that the best financial decision you can make if you are the one paying support is this: DON'T FALL BEHIND IN YOUR PAYMENTS!!! It's more difficult to catch up then it is to stay current. I know someone who recently got hit with a judgement of over $100,000 on back support. The interest alone on that is over $600 a month, this person will likely never pay this amount off. I agree with Minimum Wage that it is pointless to mention it in court unless you’ve got some kind of crazy proof that the child(ren) isn’t being provided for. The parent receiving the support can easily argue (and rightly so, i think) that the support they’ve spent on themselves is replacing funds in their own budget which they spent on the child. I’ve been paying child support for 14 years on my two daughters (yes, I’m current on all my payments), in addition to extra money here and there when necessary, and though I may not support all of the financial decisions they’re mother makes but I also don’t really have any say. It’s her budget and as long as the girls are well cared for (they are) then that’s all I can really worry about. I should add that the best financial decision you can make if you are the one paying support is this: DON’T FALL BEHIND IN YOUR PAYMENTS!!! It’s more difficult to catch up then it is to stay current. I know someone who recently got hit with a judgement of over $100,000 on back support. The interest alone on that is over $600 a month, this person will likely never pay this amount off.

]]> By: Minimum Wagehttp://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-5562 Minimum Wage Fri, 22 Feb 2008 02:42:26 +0000 http://www.moneycrashers.com/financial-question-of-the-day-what-to-do-with-child-support/#comment-5562 Bring up those issues with the court is usually a pointless exercise, so I wouldn't even bother suggesting it. Bring up those issues with the court is usually a pointless exercise, so I wouldn’t even bother suggesting it.

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