Hi Friends,
I wanted to see if you could analyze my situation and give me some advice on how to do things over the next couple of years to get back on track. I and the wife are both 33. I am the only working one in the family with take home pay of about $7300/mo. I have always held a nice job but was never able to accumulate anything because of some serious wipeouts in the options markets (more than once - 100% of savings
). Right now, we have 0 savings, $90k in student loans and have to pay another 50k for my wife's final year of study. I will have to put all of that on credit cards as we couldn't secure a loan for her final year.
The good thing is, if she finds a job at the right time ( hopefully July 2014), she should be making decent money ( approx. 150k) starting
Once we both are working, we will be 34 with a total gross salary of about 250k.
Can you provide me some advice in terms of how much to spend on rent, cars etc. and what should be our savings target to play "catch-up" ? Thanks a lot
I wanted to see if you could analyze my situation and give me some advice on how to do things over the next couple of years to get back on track. I and the wife are both 33. I am the only working one in the family with take home pay of about $7300/mo. I have always held a nice job but was never able to accumulate anything because of some serious wipeouts in the options markets (more than once - 100% of savings

The good thing is, if she finds a job at the right time ( hopefully July 2014), she should be making decent money ( approx. 150k) starting
Once we both are working, we will be 34 with a total gross salary of about 250k.
Can you provide me some advice in terms of how much to spend on rent, cars etc. and what should be our savings target to play "catch-up" ? Thanks a lot
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