Ed’s main concerns, in his words:
In 18 months, we went from supporting two people on two full-time incomes to supporting five people on one. We now have 1 full-time and 1 part-time income. We have been able to save for retirement and pay off debt even after the income reduction, but are now having trouble deciding if it is okay to begin spending some of the money or if we should put more towards kids’ college and retirement. We also received some inheritance money recently, most of it was reinvested but we were wondering what to do with the rest of it.