We're a couple (married) in our mid 30s with 3dc under 6. I earn around 24k working part time nhs and have done for 10 years. Dh earns mid 50s and is also public sector and has over 20 years service. We have a mortgage with 195k left and a small pot of savings near 10k split between the children. We have 2 cars, own one and have nearly paid off the other.
I'm trying to plan our finances and wondered what others would do in our situation. We need to convert the loft in our house for an extra bedroom but no other big projects are needed and the house is perfect otherwise. Pensions are ticking along and the cars are nearly paid off. Are people trying to pay the mortgage off or put money aside for dc cars, insurance, driving lessons, university and house deposits? We obviously have 3 dc to think about so it would be a stretch to do all of that but we would also like to retire at some point. I wondered about dc living at home for uni if they went. I have no idea if they will go but I want them to have the choice.