I’m 37 and haven’t stated retirement. I am terrified. I have a car that is 20k under water but at 4% interest (thanks Elon)(I’ve paid off 15000 but owe 50,000 with 5 years remaining). A personal loan at 10% with 11 thousand remaining.
House payment of 1250 a month for 15 years (currently in year 4 with about 110,000 worth of equity.)
Bills, student loans, car, utilities etc cost us 4500 a month. Groceries 1200 a month (with two kids.) general expenses, about another 2000 (medical expenses, subscriptions, etc). My wife teacher retirement through the state, but I have nothing. So roughly 8000 rounded up a month in expenses.
We pull in after taxes 8500 a month after taxes and I have about 18000 in the bank.
I am so terrified that I’m sick to my stomach. Am I completely screwed? What can I do? My company has a 3 percent match in 401k that I hadn’t taken advantage of.
They recently just made our bonus’s unattainable to save on money, cutting my pay by about 30 percent, so I’m shopping for other sales jobs.
I am so nervous and sick to my stomach thinking I am totally lost. Any help or insight would be appreciated.
House payment of 1250 a month for 15 years (currently in year 4 with about 110,000 worth of equity.)
Bills, student loans, car, utilities etc cost us 4500 a month. Groceries 1200 a month (with two kids.) general expenses, about another 2000 (medical expenses, subscriptions, etc). My wife teacher retirement through the state, but I have nothing. So roughly 8000 rounded up a month in expenses.
We pull in after taxes 8500 a month after taxes and I have about 18000 in the bank.
I am so terrified that I’m sick to my stomach. Am I completely screwed? What can I do? My company has a 3 percent match in 401k that I hadn’t taken advantage of.
They recently just made our bonus’s unattainable to save on money, cutting my pay by about 30 percent, so I’m shopping for other sales jobs.
I am so nervous and sick to my stomach thinking I am totally lost. Any help or insight would be appreciated.