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[quote=Anonymous]Please don't laugh.

We just moved to NOVA for a job for DH.  He is starting at 70k - this is less than he was making before, moved from private sector to USG so he now has no bonus and we now have health insurance premiums.  He was tired of 12 hour days and really wanted this job, so I'm not complaining.

If I got a job now, our childcare expenses would be about 2000 per month or more until DC2 hits kindergarten, after that it will be a bit less.  I've never made more than 45K, and childcare would not be the only work-related expense, so there is not going to be a fast way for us out of this.  Right now I'm SAHM, but am looking.  We are 35, still a ways from retirement but I think we'd be in a pretty bad situation if we get close to retirement age without much home equity.  After watching my parents' disaster, I would really, really like to avoid that.

We only have about 10k in liquid savings.  About 10K in college savings for 2 kids (please don't laugh!) and about 160K in retirement and about 30k of company stock that will be paid out over a few years.  DH and I started out with nothing and/or student loans, after my loans were paid and before kids we saved our down payment really quickly and we were quick to buy a teeny tiny new construction real estate in 2006 - we thought it would be our "starter home" and move up, like it's supposed to work, right?  Which turned out to be a bad idea, obviously.  After a deed-in-lieu filed in 2011, the property sold for half of what we'd bought it for.  So we lost our down payment and our credit scores went from 800 to 650 (now creeping up to 700), so we know getting a mortgage isn't going to be easy even with a good down payment.

None of our parents can help us (DH is already sending support to his parents.) We have few other assets... is there any hope at all for us?  Yes, I know, maybe it would have been good to just save more instead of putting things in retirement.[/quote]

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