Our Budget

Love4Labs326

Take Home Pay...3,300

Mortgage...684

Electric...63

Gas...100

Water...75 (this months bill for 2 months)

Phone...150

Internet...41 (we don't have cable)

Groceries...200

Gas...125

Medications...10

Doctor Bills...60

Auto Ins...191 (2 vehicles)

Pocket Money...50

Pet Supplies...120 (2 big dogs)

Car Payment...462 (payoff is 28,515)

CC 1...279 (67 left for next month and it will be closed)

CC 2...15 (467 remaining)

CC 3...105 (3,216 remaining)

CC 4...52 (5,300 remaining)

CC 5...120 (6,000 remaining)

Loan 1...298 (11,500 remaining)

Loan 2...100 (0% loan from parents for repairs to our house, appx 7-8,000)

These all total to $3,300 and are of course estimates. Like I said in my previous post, we are doing the FPU dumping debt but the class we are in doesn't have much feedback within the group so I'm posting here to see what you think.  TIA!

Apollo11235

Congrats on deciding to work down your debt, and good luck with your IVF cycle.

I don't know FPU - Are you "snowballing" your CC/loan payments? If so, it looks like you'll have CCs 1 and 2 paid off by the month a

klokowac

Everything I say, I say as a future FPU coordinator, and I'm not afraid to say it how it is.

My gosh, what you owe on your car is 72% of your take home pay! Though your car payment is affordable, that's insane. If I were you, I would get rid of

LS45

It looks good to me if you're capable of sticking to those numbers.  Your mortgage payment is very low, which is great, but the car payment is quite high based on your income.  $200/mo for groceries seems low to me if it includes paper produc

Sisugal

You past has caught up with you and now it is time to make serious changes. Your car is rediculous for your current financial situation and this much debt!

Sell it and buy something used that is more economical and finance no longer than 3 years

Neener73

Honestly, it looks like you're stretched pretty thin and probably need to take a hard look at cutting expenses anywhere you can. For at least a couple of months, you should track every single expense by keeping a spreadsheet or using a site like mint.c

Love4Labs326

Thanks for everyone's input.  The one big thing, like I mentioned in my PP is our car payment.  That's really the big expense at this point.  As for our phone bill, our contract is up on 4/19, this month, and we plan to cut down to about

MommyLiberty5013

Thanks for posting.

I would echo the PPs about reducing that car payment either by selling the current vehicle and buying a cheaper one or by refinancing (as long as you do not add any time back to the loan) your existing auto loan for a lower ra

brij2006

Here are a few suggestions if you want to really buckle down and get things paid off.

1. Put your cell phones down to calling plans only, no data.
2. Start buying cheaper dog food for your dogs. $120 seems like quite a bit each month in pet ex

Sisugal

No response the recommendation to sell that car and get something else??

My guess is that you are upside down on new vehicle  because you rolled debt into the purchase when you got rid of your old upside down vehicle.  (Which we recomm

KdgTeacher

brij2006:

Also, have you considered if you have to go the route of adoption? Not sure if this is something you are looking

vlagrl29

KdgTeacher:

brij2006:

Love4Labs326

KdgTeacher:

brij2006:

HoneyBee973

Love4Labs326:

Take Home Pay...3,300

These all total to $3,300 and are of course estimates. Like I said in my previous post,

wife07mom09

Love4Labs326:

KdgTeacher:</str

wife07mom09

Infertility stinks and ivf is hard.

Consider taking this next year to ay down your debt and get healthier. A healthy mommy makes healthier children.  

Lightly I add that there are risks to being obese and pregnant and your Bmi is almos

MommyLiberty5013

Love4Labs326:

KdgTeacher:</str

KdgTeacher

vlagrl29:

KdgTeacher:

brij2006

KdgTeacher:

vlagrl29: