I’m a 30 year school teacher, wife and mother of two. I have been juggling credit card debt since I graduated from college in 2003. Due to life circumstances I have accumulated more debt. Currently I have $9,000 in credit debt. I pay a mortgage, car, childcare, and the regular living expences. My husband and i help each other financially from time to time but we do not mix our money. We share the living and expenses for children equally. I pay for my vehicle, insurance and debt seperately and he does the same. I’m only able to live pay check to paycheck with nothing left to save or pay down debt.
how do I get out of this financial crunch? I have a good job, low maintenance vehicle, I grocery shop on a budget, but I just don’t have any extra money to help myself get out of debt. With two children, I cannot afford daycare for a second job. Imat a loss.
I would suggest that you evaluate pooling your income to see if you have satisfactory money coming in each month to meet your joint obligations.
What is your joint monthly income?
What are your joint monthly obligations?
Granted, this is just my opinion, but what you describe sounds more like roommates splitting expenses than a marital partnership sharing family responsibility.
Please post your responses and follow-up messages to me on this in the comments section below.