backstory:
I'm 29. I work my wife is a SAHM for our two children; ages 5 & nearly 3.
I graduated w/ a BFA (I know, I know, but very little debt to do it) in 2008. My wife (then friend) and I decided it best for her to stop school when she became pregnant, I, too was in school and we were in seperate towns. She was borrowing $ to stay in school, also going for a BFA.
I've worked several jobs since graduating, sometimes as many as 4 at once, but currently have only 1 full-time job. My wife works 2 days a week at a local farm co-op which brings us lots of fresh veggies, chicken & pork.
I will make ~$60K this year at my current gig, with about $5K coming in from design jobs on the side.
My wife was diagnosed w/ cancer in late 2012, has recovered nicely, everything is fine at the moment. We were ok financially until 2011 when we decided to buy a home, since then, we've been able to save very little. When she was diagnosed in 2012, I started spending like crazy, somehow a mental reaction to the circumstnaces and a change in thought about length of life and what it meant to "do what you want" while you're here.
Anyway, since June, we've rebounded and got some fresh goals w/ obtaining freedom.
where we are financially:
Debt:
Mortgage: $83K ($570/mo includes tax, insurance & stupid stupid PMI)
car: $7000 ($268/mo) 2006 Mazda5, low miles, averages about 25 mpg city
student loan me: $3K ($60/mo @ 3%)
student loan her: $8K ($110/mo @ 6.25-7.5%)
loan from brother: $8K ($234/mo @ 4%)
Bills:
Phones: $100/mo for two (part of a family plan, will switch when the break even point for cancellation fees works out; about 6 months from now)
Internet: $43/mo
Gasoline: $100/mo
Car Insurance: $20 & $45/mo
Life, health, etc insurance: $200/mo
Groceries: $450 (high, I know, especially considering we work for food as well. This is down from $1,000 and we're sorta stuck. We don't eat much in the way of processed foods, she cooks constantly & uses high quality ingredients. We think of food as our biggest weakness)
Eating Out: $100
clothing avg: $50/mo total
kids avg (classes, toys, parties, etc): $40/mo
yoga: $20/mo (online; we both use it multiple times a week)
Netflix: $10/mo
Spotify: $7/mo
Bikes maintenance/hobby: $30/mo (I flip bikes occasionally, have made $500 this year off parts & bikes)
Home maintenance/upgrades: $100/mo
Current Savings:
Roth: $2K
$ Market: $500
Checking: $3500
We are currently paying an extra $1,000 to debt and will snowball; (currently the car, next will be my brother, her loans, my loans, our mortgage)
We have lowered our monthly expenses dramatically over the last 3 months and still have a decent way to go, I know. I should note in addition to the Mazda, I have a 1994 Ranger w/ 95,000 miles that I've driven all of 2500 miles in the last year. I ride the 9.5 miles one way to work 4-5 days a week, every week.
Are there any things that stand out that we should cut? Should I look for another position w/ more income possibility?
Should we sell either of the cars?
I'm at a loss for our next move...