Married Couple 30/28 and still firmly in debt.
~$1200 in savings
~$18,000 in retirement
~-$4500 in CC debt
~-$51,000 in student debt
~-$36,000 net worth
The good news:
-We've knocked down or cc bill by %50 in about a month and a half and should have it paid off by mid September.
-The wife and I are DONE with formal education
-We now have household income of ~$120,000. We had been floating between 35k-60k household income for about 5 years until about 3 months ago.
- We recently moved from San Diego to Eugene, OR (Eugene is not the cheapest place but night and day when compared to San Diego)
-Purchased a Bike and ride 8 miles each way to and from work at least 2 days a week (working on upping it).
-We're on track to have a zero total balance on our net worth by the time we hit ages 31.5 and 29.5 respectively.
-Once we've eliminated loans/cc debt, we've mapped out that we should be able to save/invest about %50 of our income based on our lifestyle.
-Driving Honda fit and civic
- working on getting vested in my pension plan
Finally feel like we're at a turning point and ready to get our mustache on.