I'm not in stellar financial shape for 32 but I have a long term good forecast, I think.... I only have about 24k in savings (everything - 401k, Roth, emergency). My emergency fund is about 3 months. I only started earning 3 years ago due to being in graduate school and also have enormous student loan debt from it, but I'm in PSLF so with 6 more years to go until *fingers crossed* forgiveness. I make $90k right now pre-tax and live in NYC, so that puts me at around middle class. Last year I incurred about 20k of medical bills, which I'm paying down. I did a balance transfer to 0% APR credit cards (credit score took a temporary hit, it's around 720 now) so there's about 14k of that left to go.
I just don't feel good about my net AT ALL. I constantly feel like I am teetering on the brink and I am terrified of additional medical debt too (chronic illness). I want to move in with my boyfriend this year but he makes about $35k, has no savings, and carries 20k in student loan debt that he is only making the minimum on. When we talk about finances it makes him feel really crappy - but we do talk about it, a few times a week, because we're both really stressed over it. I do think living together would be better financially for both of us since we can share more costs and also stop paying $100/mo in transit just to see each other.
I have an ENORMOUS amount of anxiety about our financial future together. I worry neither of us is going to pull out of debt, that we can't afford a family, etc. I worry that I'll be a sole breadwinner and $90k/yr is just above poverty for a family of 4 here.
How can I fit all these pieces together and stop letting my financial anxiety affect my relationship?
Submitted January 27, 2020 at 11:31PM by matinmuffel https://ift.tt/30ZpVNm
