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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband is a fed and we live overseas, so things seem okay, but in reality we have a lot of debt (combined 40000 in student loans and 50000 in credit card debt). DH has a rental that pays for itself, so we do have that asset, but otherwise we don't have much. [b]I graduated this year [/b]and am starting to work, but my work is part-time and not particularly well paying. I did work full time at the beginning of this year, but the work was intermittent and I barely earned more than what full-time childcare cost (we have a toddler). Full-time jobs here for trailing spouses are scarce, and it's very competitive. Also, I'm due with our second child this spring.

We are living very frugally to pay off debt, but have no savings, no college fund etc. What resources or words of wisdom can you share to get us on a track where we can both pay off debt and start saving? [/quote]

It's going to take a lot of work if you just graduated (assuming grad school) and have a child.  I don't know why you made that decision.  Many times graduate school isn't worth the debt.  Let alone when you've made the decision to only work part time.  Unfortunately, you need to go back to work full time and get on birth control.

Really you need to move back to the US so you can most likely earn more money (wages tend to be higher) and payoff the debt.  I don't understand what 50k in credit card debt is for.

At this point I'd check out mr money moustache.  Normally he's too much for me but you really need the help. You can post your expenses and your income and people will help you.  [/quote]

Not grad school. I put myself through school and just got my bachelors. Also, after this baby we're not having more (you and a PP mentioned this) - we thought it would make sense to have the children close in age so that there's no major disruption as my career ramps up.

We get a housing allowance in Europe which is why my husband took the job here. We were living in a very high COL area prior to living here, and I was in school full-time and SAH. This is when we accumulated much of the debt, in addition to racking up 12k this year for repairs to the house my husband owns.

Not sure if you read my original post, but full-time work is tough to get in this particular location (for trailing spouses) - I've taken part-time work because that's what's available to me. My husband is eligible for a grade increase in a new position at a better location for Americans that he plans on taking when it's available. In the meantime, I plan on taking whatever work I'm able to get. I work PT teaching fitness classes and have been referred for a PT federal job in my field. [/quote]

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