I'm 36 years old and unfortunately have 0 savings, and wanting to get things on track. I feel very behind. Unfortunately the last year or so was tough financially and I had to eat up all my savings and even retirement funds.
I just got hired to a new job making $95,000 per year and live in a low CoL area. It's more than I've ever made before so I want to plan well.
Unfortunately I have $18,500 in credit card debt (it got us through some of the worst times), and currently accruing student loan debt because I went back to school part-time this past January.
We have fairly low expenses. Rent is only $700/month. Prior to this we lived pretty comfortably on $60K per year before I lost my previous job.
I'm married but we're a single income household.
Oh, also, I'll have an option for 401(K) match after 6 months, up to 4%.
So what should I be focusing on? Just looking for any recommendations as I rebuild financially.
Edit: Forgot to mention that I'd love to be able to purchase a house within the next 5-7 years if at all possible. Houses are pretty cheap around here but I know my credit is not currently the best, so I want to build that up as much as possible as well.
Submitted November 04, 2024 at 11:52PM by devbanana https://ift.tt/Ti5Y0QW
