Hi all - bit of background - prior to maternity leave I was the main income earner. I bought home $2350 per fortnight. Dh has a home business that was bringing in $600-800 per week. Now I'm back to work part time earning $1600 per fortnight and dh's business has declined bringing in only $400 per week. I really don't want to return to full time work for at least another 18 months (we'd like to not use daycare until ds is 2 - he's 6 months now).
We have credit card debt up to our eyeballs - about $11K. We have a large mortgage and lost a lot of money on an investment property last year which means our current mortgage is still more than the property is worth. To top this off dh is the type to spend $20 when he only has $10. Our savings dwindled to around $1K surviving maternity leave (money that we lost on the property was supposed to allow us a decent maternity leave and pay off our credit card debt - unfortunately the property market crashed)
On the plus side we own our cars and are managing to pay our bills but if any unexpected expenses come up we're screwed. I'm thinking of utilizing the "my budget" company to help us pay our debts, start saving again etc. Has anyone had any experience with them? Good or bad? ?
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