How Can I Protect My $95K Savings If My Marriage Ends?

R

RedWormElm

New Member
Hey all, a tough situation. 27M, with a 1.5-year-old daughter and a wife.

Need advice. I have about 95k in savings, plus 20k in assets. Took years to save this MYSELF. I earn about 140k a year. Currently in a trial separation; we've lost touch in a rough patch. She is not good with money and can't save. She makes around 2k a fortnight. She has HELD me back from buying a house and future plans. I'm lost. If things go south, I don't want to lose half of everything I worked for. What aree my options?
 
It’s worth considering that what feels fair to you might not align with the actual outcome. The legal system doesn’t necessarily follow moral reasoning, either. Without clear, undeniable evidence, it’s hard to determine how much each of you has trul y contributed. You may find yourself surprised by a side of her you hadn’t seen before one focused intensely on financial gain. Sometimes, it feels easier to step back early on rather than engage in a struggle you might not win. And if things do end up in court, don’t assume you can simply speak your mind the process rarely works that way.
 
Take your medicine with care.
Learn from your experience.
Work hard to find your way again.
And most of all, be the best dad you can be.
 
Unfortunately, I was in the exact same spot, but back then I didn’t know how to use a computer to keep an eye on my money (with duel accounts).
I trusted her completely to handle the Netbank, so the more hours I put in, the more she spent or wasted.
I worked my butt off my whole life for our house, caravan, two cars, ad my super.
And she ended up taking more than half of everything during the separation.
 
Don’t worry about losing half, mate… unless you came into the relationship with a significant monetary advantage. She’ll be taking far more and some of your super, too.

I’d suggest you lock in significant care of your child now 50/50 or more or you aren’t gonna be left with a great deal.

Fix the relationship at all costs. Not seeing your kid… is gonna hit harder than the money.
 
Face your issues. Choose your hard. Working through problems is emotional. Hard. Leaving is also hard. Go to counseling. Put in the effort.

I noticed your words: I have saved up! I earn! She earns! NNo. You are a partnership. A team. One. It should be We earn. We have saved. You cannot have one leg in, one out. Go all in.

Discuss your goals. Why a property? Why grow wealth? For the family. For a better life. Set budgets. Allow guilt free pocket money. Especially if she struggles with spending.

A good book: Make Money Simple Again. Put in the hard work. Reap the rewards. Nothing great comes easy.

Good luck.
 
Hey, just put your energy into you and your daughter. Be the best you possible and pull back a little it's funny, but giving things some space can really help that spark come back. Maybe look into learning more about this stuff; therapy could be super helpful.

Get som e good legal advice ASAP so you know where you stand financially and what kind of split might be in the cards for you.

Also, think about learning to invest that money instead of letting it just sit in savings. You’d be amazed at how it can grow over time with compounding, especially at your age. Focus on building something solid with that 40% that’s where your head should be, not on fairness or what’s not equal.
 
Some people begin visiting the pokies every afternoon. They deposit money and withdraw cash. They ensure frequent appearances, staying over an hour daily. During divorce proceedings, the money appears lost to gambling. They claim stress from the breakup caused a gambling habit.
 
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