Divorce living expenses fillable worksheet form 2025

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Give your financial information to the court and to your spouse or domestic partner. The court uses the information to make orders for support, attorneys fees, and other costs.
A good starting place is to have the last two or three years of tax returns handy. Take a look at all the sources of income that flow into the household. Transfer your individual income numbers from your tax returns onto your Spending Plan spreadsheet. This is your starting place.
How It Works: Each spouse contributes to the household expenses in proportion to their income. For example, if one spouse earns 70% of the total household income, they would pay 70% of the bills. How It Works: Simply divide all bills equally, regardless of income.
Collect several months worth of bills, including but not limited to, activities for children, clothing, gifts, hobbies, utilities, cable, Internet, cell phone, medical, daycare, pet care, car repair, lawn care, etc., to help determine an accurate figure for your average monthly expenses.
50% of your net income should go towards living expenses and essentials (Needs), 20% of your net income should go towards debt reduction and savings (Debt Reduction and Savings), and 30% of your net income should go towards discretionary spending (Wants).
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4 financial steps to prepare your finances for divorce Step 1: Get organized and gather key financial documents. Step 2: Understand what you own and what you owe. Step 3: Know what bills are due and protect your credit. Step 4: Create your go-forward budget.

list of monthly expenses