- Let’s talk money
- The concept of a $600 car payment with my present finances is ludicrous.
- Saving $200-$300/month on insurance helps.
- Saving $60-$100 on gas each month helps
- Saving $100+ on interest by paying down the Amazon card helps eventually but that balance wasn’t even calculated as party of it financial position
- Saving $400/month in car repairs is the real break even point .
- The bigger problem than the car payment is the invisible drain that comes because Laura doesn’t actually track the Amazon card. She periodically checks it and then probably despairs that the balance was higher than expected.
- If she had a source of income to feel like she has a way to address the balance it might drastically change how she manages it.
- Laura’s fast food spending doesn’t help either.
- Laura thinks there’s only some tiny niche of work that she could possibly undertake but I’m confident she could take on even traditional part-time work if she were willing because the family can adapt (especially because the kids already seek to avoid actually being parented).
Action Items
- Get Laura signed up on Teledoc.
- Help Laura find a psychiatrist.
- Make a plan to have Laura be a more active part of our finances.
- Her getting a job.
- Her having money to save or spend as she likes. (That would include a requirement that she contribute some portion to paying down debts.)
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