<prompt> Human: So, this is my very first post on this sub so excuse me please if I mess this up.I just stumbled upon this sub thinking about getting an apartmentrenting so the stress forced me to research and Im reading a lot of posts and it really is starting to worrystress me out that Im not doing all of the things that you all are doing. Im not sure what any of these acronyms are. Such as ETFs, Roth, IRA, CDs and much more.There is so much more than I realized, I literally have one checking account and one savings account that just has the minimum amount of money in it for it to exist. Not sure what Im asking here, maybe for advice? Is it too late for me? What should I be doing? Little bit of background information. I live at home with my parents. My wife lives with us and we have a 15 month old son. I work as an intern at a Helpdesk for 10hr and my wife is a manager at a ClothingAccessory store for 9.50hr, both full time. Total, we make probably around 30k a year but not totally sure on that, which ends up being about 2000 or so after taxes.Bills add up to about 800 a month from a car payment, phone bill, and daycare Wow daycare is expensive!What should I be doing with money? Also, could we afford a small 3 bedroom apartment with a 3rd roommate by splitting the costs 3 ways?Edit: I forgot to mention this, but a coworker who I am good friends with who knows my wife and son is the potential roommate, he is 100 okay with the possible living arrangements.Edit 2: Initially when I got this internship, I was under the impression that it would turn into an actual position, 1 and a half years later, that has still not happened. But, if anyone is in IT, you know how great it is to have helpdesk experience. I am actively applyinglooking for jobs.Edit 3: I am really bad at math. Changed monthly expenses to 800 from 670. So 335 for car, 200 for phone yes I know ATT is screwing us, and 260 a month for daycare my parents pay half and we pay halfEdit 4: Well holy shit, this sub is amazing, you guys are amazing! I am definitely going to get started on you guys advice! Thank you everyone and keep the comments rolling in!Assistant: First off, read the sidebar. Thatll cover the acronyms and fill in gaps in knowledge. As for your current situation, it seems like you and your wife are underemployed. I hope youre both out on the job market and looking for better employment. 30,000year isnt enough to raise a kid on, even if you are living at home. The best advice youre going to get at this point is to get yourself a better job or a second job, and the same for your wife. Get your income up so you can start saving for your childs future. Human: I hate these responses, though. In what situation is the OP actually going oh, silly me, I just need a better job! How did I not think of that.Lets argue that OP is actively trying to get a better job, but hasnt found one yet. Now what does he do?Assistant: In what situation is the OP actually going oh, silly me, I just need a better job! How did I not think of that.Since he didnt mention that in the OP, I assumed it wasnt on his mind. I said I hope youre both out on the job market for that very reason. If they cant get a better job, they each need to get second jobs. The best advice PF can give in this situation is: 1. Reduce outflows2. Increase inflowsTo clarify, that means: get a better job or another job, and reduce your expenses. Human: Sorry about that, I should have mentioned the looking for jobs thing. I am actively looking for jobs and applying for them in the IT field. My wife just received her management position and is patiently awaiting a guaranteed raise post promotion.  <response>: Great! Then in the meantime, reduce your expenses as much as possible and deal with debts, and put away more savings. 