- 3 years ago
Lots of good advice. I know you don’t want to lose 300 deposit on the puppy, but as others have said it’s time to make adult decisions. “I want” sometimes has to be delayed until “it makes sense”.
You need to get a job. Any job. You can look for a better job while you are working in anything that brings in a paycheck. Since you and your husband will be working you won’t have a lot of time to spend with a new puppy. You will be saving the known and unknown expenses of puppy “parenthood”. Puppy needs spayed/neutered, puppy needs emergency surgery because they ate something they shouldn’t and got obstructed, puppy ate something and gets barfy needs a vet visit, puppy ate something and gets diarrhea – needs a vet visit. Dogs are a great addition to home, but please wait until you aren’t living paycheck to paycheck (and you are apparently not even able to make it paycheck to paycheck if your hubby is talking about a bridge type loan.)
No loans. Those typically have horrid interest rates and just dig the hole deeper.
Track spending … know where each penny goes
Look at some online calculators and see how much those loans are costing. Once the debt is gone, look at retirement calculators and see how much difference it makes in the account balance if you start saving at 25 vs. 30 yrs of age. It’s much easier to give up a daily Starbucks if you know saving an extra 100 a month will net you many more $$ when you retire.
Cook at home.
It can become a fun challenge to see how frugally you can live. (look at the frugalwoods.com) But it takes altering your mindset asking is this “a want” or “a need” and delaying gratification. It’s worth it when your see money in the savings account, and don’t feel the pressure that one unexpected expense will ruin you.
Edit” I’d look hard at cell phone cable expenses. My mother has a smartphone from Tracphone. about 8.00 a month. Not much data … but a little bit. I don’t know what you’re spending on cell phones, but they are, other than basic phone/text service more of a want than a need.