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Forum
-> Household Management
-> Finances
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amother
Poppy
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 Wed, Feb 28 2024, 2:51 pm
| amother Alyssum wrote: | | And you need to know this because...? (What, you, a yente? Intrusive? Too nosey for your own good?Can't be.) |
She can be the biggest yenta ever, but who cares no one’s forcing anyone to answer
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amother
Pewter
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Wed, Feb 28 2024, 2:54 pm
1 child
Married 6 years (infertility)
310k in savings
500k in stocks
1.125 million apartment (still in mortgage)
120k in retirement (I think? my husband has that information)
12k in college savings for child so far
no debt
No car (NYC)
For context, we are high income bracket (my husband makes ~350k a year and my income fluctuates). My husband came from money so he was put through Ivy league college and medical school with no debt. His parents also gift us about 68k a year (whatever the tax gift limit is).
I include that so people know this is not a normal situation. We are lucky. It wasn't "hard work" that got us here, it was immense privilege.
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amother
Cerise
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Wed, Feb 28 2024, 2:57 pm
Married 20 yrs
38 yrs old
Own house
No savings
250 debt
5 kids
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amother
Holly
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Wed, Feb 28 2024, 2:59 pm
| amother OP wrote: | Skip this thread if it’s too TMI for you lol.
How much savings/ debt do you have?
Do you own a house?
Do you have kids, if yes, how much?
And how long were you married for? |
Savings:
my own personal from my own money, not much because I keep spending it on 'extras' for myself and the kids. So around £250
Bar Mitzvah savings for our upcoming Bar Mitzvah which is in 1.5 years iyH around £3k but we'll have over double by then iyH.
No other savings because we spent it all on the house and now every penny goes towards our very expensive tuition (one in particular is double the amount of the norm per month)
Debt: all house debt , which is 'mindful' we recently finished a big extension so we have a large, beautiful house BH. Now we're in about £120k debt from it but £55k we might never need to pay back from my in laws BH. Dh is paying a lot back per month and hopes to take out a bigger mortgage in a year to pay back the rest.
We own our house BH (mortgage, but if we sold it we'd make at least £400k profit. Not that we're selling it...)
5 kids knH. Oldest 16, youngest, 2
We've been married for 17 years knH.
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amother
Buttercup
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Wed, Feb 28 2024, 3:07 pm
Married 20 years
10 kids
No house
No savings
$200K debt
BH my life is amazing in almost every way! Our finances are a mess but that's not the full picture at all.
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amother
IndianRed
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Wed, Feb 28 2024, 3:14 pm
5 years
3 kids
No house
No savings
no debt
( I’m in school for the past few years , dh was learning ,and now dh salary is paying the bills so can’t save yet )
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amother
Firebrick
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Wed, Feb 28 2024, 5:10 pm
Married 6 years
1 kid
20k in savings + a few k in retirement
90k in student loan debt
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amother
Hibiscus
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Wed, Feb 28 2024, 5:16 pm
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Im really enjoying the variety on this thread. Makes everyone feels so normal.
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amother
Pink
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Wed, Feb 28 2024, 5:37 pm
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6 years. 3 kids. We own a house, but have no savings and around 60k in debt. iyH soon my husband will finish his PhD...
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amother
Coffee
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Wed, Feb 28 2024, 6:04 pm
| amother Buttercup wrote: | Married 20 years
10 kids
No house
No savings
$200K debt
BH my life is amazing in almost every way! Our finances are a mess but that's not the full picture at all. |
You don't need to respond here, but have you considered bankruptcy?
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amother
Mocha
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Wed, Feb 28 2024, 6:22 pm
| amother Buttercup wrote: | Married 20 years
10 kids
No house
No savings
$200K debt
BH my life is amazing in almost every way! Our finances are a mess but that's not the full picture at all. |
I'm in a similar situation...similar family size, year married and financial state.
I'm so grateful for my life BH BH but am petrified for weddings iyH and beyond without any money. How would I even fly family in if necessary for vort etc never mind the thousands that weddings cost
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amother
Seashell
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Wed, Feb 28 2024, 6:28 pm
Married 7 years
2 kids
250k savings/investments
Own home worth 1.2
No debt bh
We work hard, don’t come from money, never got a dollar of support
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amother
cornflower
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Wed, Feb 28 2024, 6:29 pm
Divorced 10 years
one child
own house- no mortgage- worth about 750k
savings- over 2.5 million (may be 3 but I don't know exactly bec some of it is in a trust fund that I don't manage
2 life insurance policies (whole life) that I regret doing instead of a 401k
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amother
Firebrick
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Wed, Feb 28 2024, 6:33 pm
| amother Seashell wrote: | Married 7 years
2 kids
250k savings/investments
Own home worth 1.2
No debt bh
We work hard, don’t come from money, never got a dollar of support |
Can you share how you do it ? Married 6 years, 1 kid and renting. Didn't get a penny from either side ever.
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amother
Candycane
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Wed, Feb 28 2024, 7:19 pm
Married 5 years
1 kid
Over 100k in savings
No house and no clue how we will ever afford one
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amother
Buttercup
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Wed, Feb 28 2024, 7:42 pm
| amother Coffee wrote: | | You don't need to respond here, but have you considered bankruptcy? |
Only $35K or so is in credit cards. A little over $10k we still owe on our car, another $12k to taxes. The biggest chunk (over $80k) is tuition.
So bankruptcy wouldn't likely help us too much.
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amother
SandyBrown
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Wed, Feb 28 2024, 7:54 pm
Low 40s married over 20 years
Own home with mortgage
4 kids
300k in savings but we’ve been regularly dipping into it to make ends meet and pay tuition.
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amother
Catmint
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Wed, Feb 28 2024, 8:03 pm
23 years old
Married 4 years
2 kids
own house (worth 1.8m)
150k in savings
have multifamily real estate investment in brooklyn
no debt bh
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amother
Currant
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Wed, Feb 28 2024, 8:11 pm
We B"H have over $1 million in savings plus investments. Unfortunately a lot of that money came from yerushas and we'd rather have the people in our lives than the money in the bank.
We own a house, but are still paying a mortgage. We bought the house 18 years ago when I was pregnant with our oldest. It's now falling apart so we're gearing up for a major renovation.
We're married 20 years with 3 children.
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amother
Seagreen
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Wed, Feb 28 2024, 8:52 pm
$35k savings
one child
married 6 years
no house, no car.
I cant see myself affording a house but planning to buy a used car in the next few months
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