Hi, I am a 26 year old male who recently got out of the military. I am married with two children, aged 4 and 2. My wife and I moved to Atlanta, Ga. so that I could attend school full time on the GI bill in order to get an engineering degree. I have 14k in the bank and around another 6 that is owed to me by the government plus I should get around 4 for my tax return.
I joined the Air Force Reserves to keep healthcare and a little income. I will eventually get a bonus of 7500 from them as well as around 400 a month for "drill" pay. I get 1780 a month from the GI Bill for living expensive once that starts hitting.
The issue is that we were hoping that my wife could get a job paying around 40 thousand a year which would put us negative still but the savings would have been able to cover us till I graduated and had a job. Unfortunately she is only making 28,880. After our first month of living here our "living expensive" + loans is around 6000 dollars which is much higher than I anticipated. Our income including GI bill payments (which have not been received yet) is 4271. That combined with my wife's new lesser income is sapping the savings away faster that we want. I had projected us being negative 200-500 a month which I could have supplemented by doing odd jobs on the side. But currently we are looking to have a 2000 deficit each month which is very bad.
I truly don't want to get a full time and continue going to school. Every single person I have talked to about engineering degrees has told me you cannot have a full time job, family, and pursue an engineering degree. After seeing my workload I agree, but without a full time job I cannot see anyway to keep our family afloat.
Any help or advice or resources would be appreciated. Even if its just to say I need to suck it up and get a job again.
Edit:
Rent is 1931 for a 2 bed room townhome. We have a year lease that if we break would cost us 6000
Power- 250
Water/Garbage - 20
Phone/TV/Internet - 320
Food - 980
Childcare - 1180
AutoLoans - 600
Credit Card - 148
Insurances - 154
The other 500 are things that I know we can cut out.
Submitted January 20, 2019 at 10:31AM by Devon2112 http://bit.ly/2FE4LN5
