My wife (29f) and I (26m)) have about 72k in debt. 66k of that are my wife’s student loans (private school is a b*tch), 3.8k is my credit card debt, and 9k is my vehicle loan. Credit card rate is 20%, Student loans are 10%, and car is 5%.
For awhile, I was the only one bringing any income. But recently my wife landed a salary position. Combined income makes about 90-95k before tax. We have an emergency savings of 7k currently. We also just had our first child. We are not big spenders at all, and recently just started a YNAB account budget to keep on track. We are renting and our monthly expenses are usually $2200-2300 a month.
I was wanting to build up our emergency fund to around 15k-20k before tackling our debts head on. Would love advice on ways to attack debt or any suggestions on savings / what a solid emergency fund is. We’re really new to a lot of this stuff. All help is welcome
Submitted July 05, 2021 at 11:21PM by ilafaitsontemps https://ift.tt/3AvWp34
