This is my first post after lurking a long time. I’m 27 and my boyfriend is 29, just started new jobs for November. He makes 10 an hour and I make 13 an hour now, both full time hours and possible overtime.
We both come from families that have generational poor financial habits. Most likely not ever going to be left anything, it feels like we are starting our own family habits and financial security blanket from scratch.. if that makes sense. I’m pregnant, due in December. We want to learn how to start good habits for our expanding family. Details below...
We have 1 vehicle we share and it’s paid off.
We pay monthly $840 in Rent including utilities $200 food $150 gas $145 auto Insurance (SR-22) $400 child support (we both have children from past relationships and pay $200 each) $75 cell phone
We have about $100 cash on hand currently. No savings.
Our credit scores are around 520, debt for both of us equals about 10k each (20k) (student loans, collection accounts, medical bills) neither of us actually has a credit card.
These past 7 months have been extremely tough because we were working off 1 minimum wage income. I️ got laid off the day after I️ found out my eggo was prego. Going forward we want to make better choices and gain control over our finances... based off this information what advice would you have?
(I’m getting my tubes tied after this baby also so no more children lol)
Thank you!
Submitted November 05, 2017 at 06:31AM by Rockpaperscissors77 http://ift.tt/2zeCYfV
