Unbias Financial Advice

My husband and I are stuck and really just not sure what to do…

Here is the run down of our living situation and we dont know what to do from here.

We live in a house owned btw my husband’s job. My husband just accepted a new position and bumping our income up $22k more a year. Now we have to move. Im in RN school and graduate in December(I cant work with school and kids)

-We have 3 kids(2 in school)childcare is no problem

-$13k in income taxes

-$20k in debt

- $8k debt on vehicle(other is paid off)

-4acres(owe $40k on with $20k equity) we plan to build a house on,

- our 2 horses live on our 4acres already

-We have 2large dogs(“aggressive” breeds and 2 cats)

✅We planned to originally move after I graduate RN school(December) and build our house.

✅We planned to use income tax to pay down debt. So we would be better qualified for a construction loan later in the house.

Now we have to move now. We dont know if we should

A. Rent a house/apartment etc

B. Try to get a construction loan for a house with just my husbands income (since debt is in my name and Im not working)

C. Build a garage/shop at our property and live there until we can build a house

D. Sell the land and drop our dream of a building a house

We are at a complete loss and will not rehome any animals!! Do we pay down debt or use for a temporary home