Hi - my husband and I are in disagreement about what to do with the money we are getting from the US govt. We are 34 and 36, we have a 4 year old and a baby due end of July. We have no money saved whatsoever. Literally no savings account. We have $15k in CC debt. My husband, every month for three years, takes the 1k we could bank and throws it at the CC debt (which obviously three years ago was much worse). When the baby comes in July that money is totally gone, as will be cost of care for baby’s daycare. So. We are about to be handed our tax money, along w 1500 from a thing I’m getting money back for, and this 2900 from the govt stimulus thing. It’s gonna be $5k that we are just handed. He wants to take it and put all of it towards the CC debt. I vehemently disagree. I think we should use it as a leg up and put it all away in our savings, our safety net. I told him to seek out financial advice and confirm what we should do with it. IMO he’s just a wild eyed about to be dad of two who is obsessed w the CC debt and isn’t thinking clearly. It makes him horribly anxious, I feel crazy bad that he’s so twisted about it, but I think it’s pointless to let them eat up money we should have in case of whatever, an emergency, kids or house. If something were to happen that we had to pay big money for right now we would be jacking the CC debt back up again putting ourselves right back in the same mess we’ve been trying to get out of. Anyone qualified to speak to this want to help us out? I just don’t want to make the wrong decision about this money coming our way. Thank you for any and all help/advice.
Submitted April 08, 2020 at 09:09PM by colieolieo86 https://ift.tt/34o0y9V
