Chad Johnson to be released from jail

Break out the confetti, Chad Johnson will be released from jail today after spending a week behind bars. Chad still has a few other legal situations to address now that he’s got his freedom back. Chad is asking the court to reduce his child support payments claiming that he’s on making $3,000 per month but his child support payments are more like $16K a month.

And that’s not even including his monthly living expenses. Check the breakdown of that:

$9,063.24 in mortgage payments, $2,500 for food, $2,650 on car expenses, $3,500 on clothing, $250 for grooming, $5,000 on entertainment, $1,000 for pet expenses along with various other expenses that total $31,154.76.

As far as assets, Chad still has two houses, two cars, and a few bank accounts that put his assets at $4,720,672.57. But that can go quickly.

Once again ladies, brokering your eggs for a long term payment plan is NOT the move. Chances are that plan will be a wrap before the kid’s 10th birthday.