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Reply to " To anyone who once had nothing and is now worth 7 or 8 figures:"
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[quote=Anonymous]OP I've read all your posts and here are my thoughts. I am not super familiar with this, but am aware that FFX has set aside 'workforce' housing/apartment units intended to assist people just like you - middle income, working, maybe single parent. Am sure the county website has pages and contact numbers for more information. And as you know before/after care at SAC is on a sliding scale, and some daycare centers have special set asides for single moms - if you have not previously inquired, make sure to ask. The child support should be a big help for getting on a more secure footing. I'd put it to the daycare while paying down the credit cards. Then move on to paying off the car asap. Then I would keep aggressively saving to build up a serious emergency fund - maybe 6 months expenses because you don't have a fall back right now as a single working mom. Put your raises and bonuses and any money saved from frugality to debt payoff and then emergency fund buildup. Also, I'd start reading the good personal finance writers, from the library. David Ramsey on debt payoff. David Bach on how to save automatically to overcome your own worst instincts, Eric Tyson on how to invest most effectively and avoid getting ripped off. You are going to make this happen OP and will be amazed in 5 years and in a totally different place in 10 years.[/quote]
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