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what would u do if ????

My husband worked in the auto industry for 5 yrs and got laid off not too long ago. We thought evrything was going to fall apart and it did for a minute and he was blessed with a job that pays 2000 a week now...Not bragging at ALL. I have never had this much money to work with in my life and dont know what the most responsible thing to do is like saving and all that. He now works in the energy industry like coal mines and all. I am just not sure what to do . Anything can happen seeing that we are in a recession that just keeps geting worse.....

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Asked by Anonymous at 12:03 AM on Aug. 5, 2009 in Relationships

Answers (5)
  • Not to pop your balloon, but Cap & Trade is going to turn your hubby's job to a lead balloon.

    Save everything you can now.

    Answer by timelessglass at 12:08 AM on Aug. 5, 2009

  • WHat do you mean you don't know what to do??? You know what its like to have nothing so why wouldn't you plan for anything set a signifigant amount aside each week for security, your children and retirement. Also, you might think about paying in advance for a few months at a time on bills, then if something did happen, that'd be on less thing to worry about . Whatever you do, DON"T BLOW IT!!!

    Answer by madsmom314 at 12:10 AM on Aug. 5, 2009

  • Just start saving everything thing you can, but put them into investment accounts that you know are safe, even if at this time, they arent yielding the biggest rates, ect. With the stock market like it is, it's a gamble. We save $7500 a month which is half of dh's pay. While we may not be yielding the highest rates right now, we know we arent losing $$ like we did a while back.

    Answer by Melindakc at 12:13 AM on Aug. 5, 2009

  • If you spend all your money what happens when something happens? You have no security! It would be like him losing his job all over again with no back up, no plan and no safety net! Get what you need, maybe a little of what you want but make sure you're saving too or it could hurt later!

    Answer by bethmags at 12:13 AM on Aug. 5, 2009

  • See a financial planner!

    Answer by gdiamante at 12:22 AM on Aug. 5, 2009

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