Throwaway time for obvious reasons.
My wife recently told me that she had amassed nearly $20k worth of debt over the last 6 months that she hadn't told me about. She let me know that a majority of the debt was from food purchases (she does the grocery shopping), with some clothing and baby supplies topping it off.
Our financial background:
- My pre-tax take home is ~$50k a year.
- Her pre-tax take home ~$3k per year (more of a stay at home mom)
- We have a toddler.
- We have ~$100k in her student loans remaining
- We do not pay for housing currently, but do lease 2 cars.
- I'm a part time student and work full time, so most of my non 9-5 is spent trying to get a degree that will hopefully earn me a ton of money and a healthy career change.
- We have never had a family budget before, or budget meetings as a family
- We have one joint account
- I have my own checking and savings account
I'll ask for marriage advice in the appropriate subreddit (I love my wife even though I admit that there are several red flags here).
I manage my own finances well and always save a good portion of my paycheck. Unfortunately it looks as if I'll be blowing through a good chunk of my savings in order to handle this recent debt (there's no way we're going to even be able to come close to paying off that student loan debt).
I'm here for the following:
- Any spreadsheets that you'd recommend for family budgeting
- Any online financial planning/family finance courses that we can take (Coursera, Udemy, Khan Academy - I don't care, I'm desperate).
- Whether or not Mint is considered a good tool for managing finances (I'm privacy conscious and would rather not use it, but your experience with it could be helpful).
- Any other tools in place of/addition to Mint that you'd recommend researching, or could talk about your experience with.
Thank you in advance!
Edit: Advice*. Darn it.
Submitted July 30, 2017 at 09:28AM by throwawayfinance9998 http://ift.tt/2uNr2jb
