Just got a promotion. Going from 30k to 50k annually. Looking for advice on how best to use the increase in income.
I live in the southeastern US. In my early 40's, married with 5 kids (18 - 6 years). My wife does not work.
About $24k in debt. $12k car note. $10k student loans. $2k in credit cards. No real savings. No mortgage.
So far, we've survived by using government programs, credit card in a pinch, and last year's tax refund.
Hopefully won't qualify for gov't programs any longer. Should still get a nice tax refund based on last year's income.
I know things change, but assuming life stays as is for the next 2 years, what can I do to improve my family's financial outlook?
Submitted January 29, 2019 at 10:15AM by batmansdirtysox http://bit.ly/2RtpdSo
