Reply to Feeling Paralyzed with Financial Decisions

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[quote=Anonymous]OP, you can take the lower paying job and keep your mortgage. You will need to cut back on some spending and maybe some saving, especially in the short term, but it will be fine. It is really important not to kill yourself with work. Would the new job lower your expenses in any way (health care premiums, transportation benefit, other benefits, etc.)? Can you negotiate extra vacation to save money on summer camp when your kids are school aged? Or flex your schedule to start early and skip aftercare?

For reference, our HHI is $275k. We do not spend lavishly, but aren't super frugal either. While our mortgage is lower than yours ($3200), we also put $2500/month in 529s. This is important, but discretionary, and we'd cut it if needed. We spend $1000 per month on aftercare/camp. Could lower that by shifting our schedule if we absolutely needed to. We also have $1500-$2000 that we don't spend/month that ends up in discretionary investing, home projects, etc.

Look carefully at your spending, there may be a lot you can cut.
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