Each child support agreement is different, as are each child’s needs. Depending on your individual circumstances, your child support payments will likely help cover food, clothing, shelter, childcare costs, health insurance, transportation, entertainment, extracurricular activities and other expenses related to the child’s wellbeing.
If your child has specific educational needs, child support payments may also include funds to cover the expensive of a private or specialized school. Parents can also negotiate child support agreements which will cover life insurance in the event the parent paying support dies, cost-of-living increases, support beyond the age of 18, or college education, if they so wish.