We are going to be screwed if he does not have the over time to work and if either of us is off from work for any period of time. I mean my goodness between the two of us we make about 100k a year, that should be enough for a family of three to live on wouldn't you think? I have always thought that we have more than enough to get by with out having the amount of debt that we have.
Racer, The money issues you've described are so similar to ours. We also make good money, and it is difficult to understand why we aren't saving more. We often talk about budgeting, but we have never restrained ourselves on the spending. The past year was rough on the debt piling up. We spent bunches of money motorcycles, counters, TV. All of this on credit. OUCH!! We do have a way to pay it all off in the near future, but the debt has been a point of contention between us. Neither of us has great self control on the spending. It would be nice to just be clear of it all.
Seeing a financial planner is a good idea, but what you need to do is set goals and stick to it. You need to allocate specific amounts from each paycheck to paying off debt or saving and then stick to it. Direct deposit into a savings account is probably a good idea. Overtime is nice but can be problematic. I've seen lots of people become accustomed to that extra pay, but then when it goes away, they find themselves in trouble. I would take all the overtime and put that towards the debt or savings. Set up your budget without relying on the OT.
