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Slow Motion posted:Hey everyone, thanks for the encouragement. The wife and I are doing well. Thank you for making all our advising effort not go to waste. Here's some ideas, you're making good choices and should evaluate each for it's appropriateness for your situation. Evaluate the car loan against only the car that secures it, rather than the aggregate value of private party sale of cars vs. aggregate debt on cars. Split the cash savings deposits between continuing to deposit cash in your emergency account and paying down the mortgage early so you're chipping $1k off the mortgage principle each month. Alternatively put $1333 into each of cash deposits, mortgage principle, and retirement. Start saving for the vasectomy reversal and the hospital bills for delivery. No idea on costing for a vasectomy reversal. I think having about $10k on hand for the kid popping out was useful in the mid-Atlantic east coast. No good advice on the MBA front, but it's worth touching base with work and see if they'd offer tuition reimbursement if you got your MBA in off hours. Get any such agreement in writing. Understand what the repayment penalty is if you leave after getting your MBA that they paid for, and keep that socked away to self-insure until the repayment period has expired.
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Jan 29, 2020 18:52
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| # ¿ May 15, 2024 16:21 |
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In the mid-Atlantic we've spent ~$260 / mo due to a babby since 2017. That's not inclusive of additional groceries, but does cover all the other stuff like diapers, clothes, car seats, etc. Biggest expense month was when babby was born at $1200. We don't pay for childcare and it's not as expensive here as SoCal. And EAT FASTER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 is right, you can spend as much or as little as you want on a kid.
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Feb 6, 2020 19:53
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Only $2200 is generic "savings", the rest goes into a savings account earmarked to be spent in big lumps. $2200 / month is still a loving great amount to be able to save and invest. You might be able to make more with an MBA, but your breakeven interval is pretty dicey; you gotta blow out what you've already saved, and then, the MBA's only paying you back whatever you make in excess with a new position with that degree that you would not have received without it.
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Mar 27, 2020 02:42
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