do it movin'
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You guys aren't in financial ruin' at all (considering your age). But there are things you can definitely improve on. If you look at it, you still have a net worth of around 170k. I'd try to pay the 23k mortgage off first (including the equity loan), so then you don't ever have to worry about it again. There's not a lot of people that can say that their house is paid in full. Your husband should be able to pay that off in 5 years or less with his income.
Some stuff you can work on? Tell your husband to throw more into his 401k, or at least as much as they match. Then set up an account where you two have at least 3 to 6 months of emergency savings.
Once you start your nursing career, maybe you can find more places to invest, such as a ROTH IRA, or another brokerage account. You can start saving for your kids college fund too through a 529 account.
I'd try to pay that car loan off quickly too. Those payments are kinda high. Pay more every month if you can. The good thing is at least you guys aren't paying interest on it.
Like I said you guys aren't in financial ruin, but your husband is probably just saying that because he's the only one working right now, and he's seeing his hard earned dollars slip away. Once you have that dual income coming in, you guys should be just fine. It's good to go out to eat and have starbucks every once in awhile, just don't overdo it. |
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WhiteNacho
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> If you have food in your refrigerator,
> clothes on your back, a roof over
> your head and a place to sleep,
> you are richer than 75% of this world. |
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bad_mouton
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in this senario there is no desisions, just problems...
if you agree on what hes saying evrey thing will be like it was again |
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bbq
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sounds like you guys are doing alright to me. who is handling the finances ? if it's you, tell him he needs to do it so he can get a better grip on reality. |
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colorist
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I suppose if he wants to save money, then you can save the cost for all his Starbucks or dinners out, or movies, etc. You aren't nearly as bad off as me, but the only men I knew that were worried about spending money with me were cheaters and had someone else to spend money on. No offence. Best wishes |
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funlady6632
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You sound like you are on the right track...as long as you don't live on credit...you're in good shape from what I can see. It's always good to put as much in 401K as possible and have some money in a savings for emergencies though. Compared to most people, I would say you're doing good! |
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Not Allie
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Considering how much it costs to raise children, I'd say that you should start saving now- however, you do seem to be okay financially. Just make sure you've got a little saved up, should you need it. |
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Spy Girl
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I think for the time being if you have a total income of $40K, you should save what you can in case you have any emergencies or incidentals that arise. However, it sounds like otherwise you are definitely on the right track in getting your mortgage paid off and keeping your debts to a minimum. Until you get that $45K job, don't count on that future income (sometimes its harder to get the job than you expect, as I can tell you from personal experience - college isn't always enough for employers, they often prefer people with experience). Start some type of savings plan & cut back a little on your entertainment expenses. |
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hannahbanana156
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hey aznable_1 just because your jealous we women have mad skils doesnt mean you get to treat us like dirt plus with your attittude your never gonna get a woman And to answer your question i think your fine going out to dinner once in a while but if its all the time then maybe you should start saving up plus the home cooked meals will make you healthier |
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Stinger
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Doesn't sound anything like financial ruin. Sounds like you guys are doing ok, but if you can save then you should try and do so. |
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The One Truth
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I'm sexist so I say the husband is always right, but I say you should both relax a little as long as you feel you can handle. Just be wise and save a little of the extra money because you just never know about the future. |
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stephenfournier
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If everything you said is true and you don't have other debt, you are doing much better than the average American household.
Since you do have you bills in hand, though, you may want to think about putting a small amount into savings every month. I've heard 5% and 10% as some suggestions.
It will let you save up for big vacations or other purchases.
You also should get more into retirement accounts. Don't count on Social Security paying you want it pays today's retirees.
One other thing you could consider is disability insurance. If a money earner gets hurt, it will help you pay your bills until you can get back on your feet.
Basically, you are in pretty good shape, but you may want to prepare a contingency plan.
Good luck. |
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batman batman i can do karate
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I think you should always save a little money, kids aren't cheap they have to go to college too. |
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agcgartner
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Who ever has enough money? An emergency comes up, whether it be a parent dying and there is the cost to go and visit for the last time. A car accident and then the person is out from work, till they are able to return. Get the pic? So Hopefully you also budgeted life insurance in there. One that not only that has cash value that is used to reinvest itself so that in the end you could draw from it and still have the policy in tack. Starbucks should be a once in a great while treat. Since you don't have a savings what happens when a need arises? The banks don't always want to lend you their money. If you don't have a savings plan in place you will feel it when the need arises and your looking at empty pockets. My financier Mr. Frederick can give you a synapse's of the insurance/investment plan I am telling you about. Plus the equity in your house could be used to make you more money than sitting there. PH # 619 216-7777 tell him Amanda ref you. |
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Rock-Out!!!
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I didn't read it, but I'll tell you know (he'll find out)...the woman is always right and she will always win. there is no point in arguing with awoman |
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frbnksak99701
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as a husband my self, i would reccomend saving a little money here and there, just due to the fact that while you are in college and he is working, what will happen if he cant work for some reason? are you going beable to hold on to your schooling and beable to financially support your bills. i would save money, as much as you want or as little as you want, but saving is ideal, it sounds like you are pretty well off, but you never know, |
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2ndchhapteracts
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there is a great website for financial advice called Crown Money Matters their website is www.crown.org. this is a christian based organization. good luck. |
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ryno83
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3 months of salary, I think they say to keep in the bank.... stuff happens, I'd try to keep a bit saved. |
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CHAR
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You are only 'ok' as you want to be. Some people require moare and some less as far as comfort and material things, this is something you should work out for yourself, sit down and figure out what is it you want out of your life and finances at the end of the day, and then you will have your answer. |
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J F
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A good way to tell is this. If your husband was to become injured in a way that would not let him make any money for 2 years, would you truly be fine. If not, then you should keep looking things over and searching for that comfort zone. |
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Pharzad A
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There is no problem Cuz if u have finished your college U can Save |
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sneeky one
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you seem to be doing ok, put just because it may be extra money now, doesn't mean it want be needed money later on down the line. Treating yourself should be just that a treat, don't make a habit out of spending the "extra", never know when the rain will come.
Graduating from college doesn't mean being promised a job, there's alot of college graduates still looking for employment. Spend wisely.... |
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joshua w
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SOUNDS LIKE TO ME YOU ALL ARE DOING JUST FINE. HE'S A LITTLE UPSET WHEN HE COMES HOME ON PAY DAY AND HE AINT GOT THAT MUCH MONEY. HE'LL BE FINE TELL HIM TAKE A CHILL. HELL I'LL SWITCH WITH HIM I ONLY MAKE ABOUT 17K A YR. SO CHILL OUT LET THINGS FLOW AND EVERTHING WILL BE FINE. OH YEAH QUIT GOING OUT ALL THE TIME, KIDS MIGHT WANNA GO TO COLLEGE ONE DAY. |
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bayareasportsfan
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Equity in your home is great, the only problem is that in order to cash out the money, you have to either SELL the house or BORROW against it. Better start saving.... NOW |
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Raymond
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you would be surprised if you stopped going to Starbucks, out etc how much more money you would have, if you stop doing that and save the money you would be spending... you would be doing alot better... at what price? well no bucks! and alot less eating out... you can eat at home for alot less, i think you should conserve mullah, and start a saving acc (: gl! |
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gndmalx
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Well since your a women your husband will always be right, so what he says goes. |
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Joe
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Well how old are you? If you have 2 kids already maybe you should start saving... |
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