Knowing it’ll never happen for us.
We have $180,000 in student loans for my wife’s law degree. I can cut $30 here and there and save 10% of my teacher’s salary, but we can even pay enough per month to keep the balance from increasing. And if we did we’d sacrifice EVERYTHING for years, at the end have nothing to show for it.
I’m desperate to find ways to increase my income, but we’re both teachers and you can’t really. My car is too small to drive for Uber. I live in a small town with a large university, so tutors are a dime a dozen for what I’m certified to teach.
I have a wife with a mental illness and one of the only things that keeps her together is being with me, which means that I can’t go out and get a second job and leave her at home with the child. If I left her at home by herself, she’d probably end up back in the hospital.
My son is 12. He eats everything not bolted down and he needs experiences. We do everything we can on the cheap, but I don’t want to look back at his childhood and say, “Wow, we sure did save a lot of money during those years.”
So we just keep going, saving what we can, making the best choices we can because it’s a good idea to put ourselves in the best position possible, but it’s still a losing position.
And the worst part is that there is one thing that might (might) get us ahead. My parents have taken out sizable life insurance policies on themselves. But I’d rather have my parents than money.