I haven't been the best with sticking with budgets. We make around $150k/year give or take and we have $25k in student loans and $425k mortgage. And we're expecting our first baby 2/2010. It was unexpected, not unplanned. I was not using BC but I went in for an ultrasound today to determine why I was in so much pain and bleeding, and turns out I'm pregnant 8 weeks.
The first thing running through my mind was I don't think we should take any vacations this year. I was planning somewhere cool like Egypt or Turkey. But I'm concerned about the price of the trip and the food. I budgeted $3k for a week, but I think it's too much money to spend on a trip.
Here's a couple of problems. I was going to write up my thesis and find a job. Now I don't know about finding a job. I was looking on the West Coast, but I'm not sure we should move and change insurance with a baby on the way. My DH is hesitant with the baby, we stand to have $50k in stock vest next February to boot and sell immediately and my DH has another $20k in cash 7/2010.
We didn't really care until now. My DH also will be done in December with his MBA so that hefty chunk of change will not be an expense anymore. And yes we have to pay back our student loans next year. But I thought I could land a pretty well paying job, and I've been searching quite a bit. I think I'd make around $70k at least if not more.
But now I'm not sure should I postpone graduating or do it sooner and get a temp job in the East Coast? I do not want to live here long term, which is why I was looking at jobs out West. The plan was to leave my DH if necessary for a few months to sell the house and clean up.
We have $30k for an EF, extra cash for property taxes/tuition $10k, $100k in retirement (took a huge hit last year), $180k down on our house.
To take the baby home will be $10 with our insurance. Daycare is $2k/month where we live.
I don't know what I should do. Should we take a vacation? Somewhere cheap? Save all money? Find a job in the area? Keep looking on the West Coast for a job?
The first thing running through my mind was I don't think we should take any vacations this year. I was planning somewhere cool like Egypt or Turkey. But I'm concerned about the price of the trip and the food. I budgeted $3k for a week, but I think it's too much money to spend on a trip.
Here's a couple of problems. I was going to write up my thesis and find a job. Now I don't know about finding a job. I was looking on the West Coast, but I'm not sure we should move and change insurance with a baby on the way. My DH is hesitant with the baby, we stand to have $50k in stock vest next February to boot and sell immediately and my DH has another $20k in cash 7/2010.
We didn't really care until now. My DH also will be done in December with his MBA so that hefty chunk of change will not be an expense anymore. And yes we have to pay back our student loans next year. But I thought I could land a pretty well paying job, and I've been searching quite a bit. I think I'd make around $70k at least if not more.
But now I'm not sure should I postpone graduating or do it sooner and get a temp job in the East Coast? I do not want to live here long term, which is why I was looking at jobs out West. The plan was to leave my DH if necessary for a few months to sell the house and clean up.
We have $30k for an EF, extra cash for property taxes/tuition $10k, $100k in retirement (took a huge hit last year), $180k down on our house.
To take the baby home will be $10 with our insurance. Daycare is $2k/month where we live.
I don't know what I should do. Should we take a vacation? Somewhere cheap? Save all money? Find a job in the area? Keep looking on the West Coast for a job?
Comment