My husband and I have different priorities than my parents. The way we define doing well, economically, is different. We are choosing to live debt free until we buy a house. That means we do not have a lot of stuff and are slowly furnishing our apartment frugally.
We won’t have as much stuff as my parents but are able to save over half of our income each paycheck. So we’re doing well even though we don’t have a tv, a smart phone, or cars that are less than 14 years old.
I hope that I can teach my children to make wise financial decisions like my parents did. I hope the next generation does not live with a lot of debt. If they can do that, I think they can do better than us.
My biggest concern is that my husband’s wonderful job as an engineer will go away. We moved to Michigan last year and I still wonder if the job that seems secure is too good to be true.
We are expecting a baby early fall, and even though we are consistently saving, we worry that our ability to provide for our baby will go away.