Becoming a parent is a major role for any individual in Missouri and elsewhere. It not only takes a lot of work and dedication but it also takes finances to raise a child. Many may not fully expect the amount of money that goes in to provide the needs for a child, and this amount can feel significant when parents divorce and one parent is ordered to pay child support.
For noncustodial parents, a child support obligation can take a financial toll. Even those parents who agree to a certain amount of child support, the weekly payments can quickly eat into savings and make it difficult to build a financial safety net. This is especially true when changed circumstances reduce a noncustodial parent's income. Whether on account of reduced hours or decreased pay, noncustodial parents who see their income drop may be able to successfully seek a child support modification, which would reduce their weekly obligation.
Child support enforcement is helpful for parents receiving child support and, likewise, parents paying child support to understand. Child support is also important for children receiving it which is why the legal process provides options for child support enforcement to ensure it is paid.
The cost of raising a child is quite expensive. Daycare costs alone are enough to rock the financial stability of even those with well-paying jobs, but there are a whole host of other expenses that can be difficult to tackle. This is especially true when one parent has to go at it alone. Whether a child is born out of wedlock or his or her parents are divorced, divvying up the costs associated with raising a child can be of the utmost importance for all parties involved. However, each parent may have his or her own ideas as to the best arrangement.
What child support is intended to cover is important for parents both paying and receiving child support to understand. In addition, parents should understand what it is not intended to cover and ensure they have all their child support questions answered.
There's no doubt that raising a child is expensive. Daycare, food and clothing costs alone can be enough to leave a family on unsteady financial footing. It can be even harder to make ends meet when a custodial parent is left to raise a child on his or her own. In these situations, the cost of raising a child can be even more overwhelming. Fortunately, these custodial parents have the right to seek child support from their child's other parent, which can actually be a pretty broad and far-reaching type of support.
There are a variety of resources available to families to help ensure child support obligations are enforced. Child support enforcement tools at the disposal of authorities can include: income withholding or wage garnishment; federal or tax refund interception; liens on property; suspension of professional licenses or a driver's license; denial of a passport; and even jail time, in some circumstances.
Raising a child is an enormous financial endeavor. Food costs alone can skyrocket as children age, not to mention other massive expenses like childcare and education. Far too often custodial parents try to bear the full brunt of this financial responsibility, but in many cases, it just isn't feasible. Financially providing for a child is a shared duty to be carried by both parents, which is why custodial parents need to do everything they can to secure the child support they need to adequately provide for their kids.