Throwaway account but I need some help and not sure where to turn.
Right now my husband and I live pay check to pay check due to us having to pay about $400 a month to have our stuff in storage. We live in an apartment right now that's about 600sqft that honestly is so small we cannot fit anything. We moved into the apartment because at the time my husband's job was paying about 11/hr and couldn't afford much and there weren't other storage options we could go with so we did what we could and have made it work. He has since switched companies and if we weren't paying storage then we would be doing pretty well so we're moving in about a week or 2 to not have to pay for storage any longer. I do my best to budget for us, we have maybe $2000 in debt with an old cell phone carrier but will be paying that off as soon as possible. My husband has $1,500 left in student loans we will pay off as well. But other than that no other debt and no credit cards.
In a few weeks well be getting a check for $30,000 and will get another 2 checks like that in the next 2 years to follow. The person whom the money is coming from (it's an inheritance) asked us to use it towards buying a home, and we would like to do so in maybe 2020. We of course want to be smart with it. Nothing huge to out of price range. Something where the mortgage will be maybe 700-800 because we know with out having other money to fall back on, that's what we can afford realistically while still being able to save with other expenses included. We also know owning a home is very expensive so we want to make sure we can afford to save up for if/when something goes wrong. My husband and I have talked very seriously, we are keeping each other in check especially since it's coming right before Christmas and we still are going to be frugal and save, the only thing additionally we planned to spend a small amount of money on was my husband's dental procedure which we we're already planning for before the money. As well as getting Lasik for the both of us so we don't have to bother with the cost of contacts and glasses any longer.
But where do I go from here. I know I've looked into alot of things and read something about a financial advisor, but I also saw they can be a little pricey. Is that something we would need or something else to look into? We just want to be smart with this as my parents have filed for bankruptcy twice and I can't end up in their shoes with alot of debt ect...
Please no rude comments. I'm just trying to do the best for our family and our future.
Submitted November 26, 2018 at 12:59AM by medicalmjqueen https://ift.tt/2PTygQl
