Future Finance Issues
Posted on March 21, 2008
Filed Under Marriage and Relationship, Money and Finances | Leave a Comment
I suppose my husband and I don’t have that much financial problem YET. You see, we don’t have kids (yet) and all of our city services like water, electric, and heating bills are being paid for by my husband’s company. We even don’t have to worry about our flat’s rent and the maid’s salary because all of those are covered by my husband’s company benefits—that’s the beauty of working abroad.
But we are moving back to Austria soon so we can forget all about those great benefits. Settling in Austria will surely entail a lot of money since we will start from a scratch. We have to buy a flat, we have to get another car, and we have to pay for all the city services! I know that is how it is supposed to be but considering the cost of living in Europe…this will surely come as a major shock for our savings account.
I worry most about buying a flat and getting another car because we will get these through mortgages. This means we have to pay monthly amortization for…who knows how long. We have to devise a good budget plan. If we want to avoid getting a debt management plan or declaring bankruptcy, we have to really tighten out belts and forget all those frequent shopping, dinning out and traveling.
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