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Originally Posted by disneysteve
This is a big red flag waving to me. So you have your lifestyle and monthly expenses based on his regular pay AND his anticipated bonus, correct? What happens if the company has a slow year and the bonus is 10% less, or 20%, or 50%? How will you make up the shortfall? Bonuses are not guaranteed, no matter how consistent they have been in the past.
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True and yes...Red flags waving here also. And yes, we do rely on his bonuses and if they would happen to stop coming in, then yes, we would be in big trouble!
I am trying to prepare for the worst case and get the debt paid off and save, save, save!