What should we do? I just worked up our finances.?

Answers:2   |   LastUpdateAt:2012-10-06 12:32:03  

Asked at 2012-08-24 01:18:25
Family of four, a young and disabled , others at school . Wife stays home , husband works , high-tax state , making $ 52K per year MedlinePlus . MedlinePlus He takes it home and total incoming child support : $ 3,500 per month MedlinePlus . MedlinePlus Rental apartment in which we live , water , gas and electricity , cheap family cell phone plan , with only basic cable high speed internet / phone , car payment for a car (not pay) , car insurance , amounting together $ 2,500 in cold weather , $ 2,313 in a good time . MedlinePlus MedlinePlus Payments by credit card only minimum total $ 852 per month . Were conducted for luxuries like food , gas to get to work . We do not buy new clothes or anything like that much . MedlinePlus MedlinePlus My math shows discretionary $ 343 per month , at the best time , and that has to cover food for all and gas for 50 minutes each way to work, let alone anything else that is present ( shoes, clothes , etc. ) Around $ 150 available in the winter for the same . MedlinePlus MedlinePlus Suggestions ? You can not file for bankruptcy , it did six years ago , and they do not want to liquidate investments . In addition , CC debt was run in part by trying to protect investments. Combined Roth and taxable investment accounts worth approximately $ 15,660 as of Friday . MedlinePlus MedlinePlus We stopped contributing to 401K recently after taking a loan of the same . 401K balance of about $ 2,400. MedlinePlus MedlinePlus Thanks for any input reflexive ( except sarcastic , medium , or no - bullshit answers , please . )
Answer1tshaAnswered at 2012-08-29 19:03:05
Is it possible for women to get a job ? Maybe in the opposite turn husband care for the child would not be a problem. In addition , credit payments are too high! Have you checked about consolidating around them and get a lower interest rate ? Still have to cut and stop using them . You have to start contributing to retirement as soon as possible , and they forget that the money is there ! I see this as a source for a loan. The most important thing you have to do now is to get more revenue flowing into the house to start getting credit cards paid off . If it is not feasible for women to work , then husband has to get a second job . Go through all the expenses you have, and start cutting. Nothing should be considered off limits ! Cable, phone , internet , everything should be on the chopping block . You have to reach a budget that works ! I wish you good luck and good financial health
Answer2milanAnswered at 2012-10-06 12:30:16
Maybe you can talk to people CC and see if you can make some kind of payment plan that fits your budget , they are pretty good to work . Or take the money from the 401 or Roth , pay taxes and get the charges she was worth . Also his wife may be able to get a job at night for a few hours or baby sit during the day , to help things paid off. Good luck
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