financial issue

[bjmyrnajourney 1]

Ok guys i know i have asked this already but i just wanna make sure about this thing thats driving my mind crazy lol

i know we are still so far away but much better to be prepared, ok my concern is about our financial thing

we are 5 all in all including him and his 3 kids and me, his latest tax return is only $19thousand and the previous

years before this last year is only $20thousand or 19thousand..... but now he is making 33thousand but just started working

recently so we are assuming by the time we get our noa2 and schedule for our interview he will be working for 5-6months the most

ok so do you guys think its enough??? not too low or something for the family of 5 i believed its $32,700? because im so affraid they might say its too low specially the fact that his tax returns are only at $19thousand some, and we are not really relying on co-sponsor thing even tho his parents

can co-sponsor us and is so willing to do do and they are making well above 125% but because we are in the philippines

and his not newly graduate and stuff like that i doubt if they will suggest or accept the co-sponsor thing.. so guys what do

you think? is his current income okay or not? and if not what do we do? has anyone ever experienced the same thing? if yes how did it go? thanks in advance

[Penguin_ie 5,993]

You are correct about the poverty guideline for 5 people- it is $32'712. I am not sure his income will be enough, as it is less than a thousand above the guideline, and way below the last two years. Does he have any assets he could add, such as business assets, a second car, property, savings, 401K? Can he demonstrate somehow that his income wil go up rather than down next year (ie what is the reason it was so low the last two years?)?

[bjmyrnajourney 1]

You are correct about the poverty guideline for 5 people- it is $32'712. I am not sure his income will be enough, as it is less than a thousand above the guideline, and way below the last two years. Does he have any assets he could add, such as business assets, a second car, property, savings, 401K? Can he demonstrate somehow that his income wil go up rather than down next year (ie what is the reason it was so low the last two years?)?

hi thanks for the reply , actually he wasn't really working so much in porposed of he didnt really need the money i mean what he was earning before was enough for his needs his kids are still so young but living with their mother,so really he didn't knew about all these things so he was really careless about what he earns as long as it provides his needs,(that was before he meet me lol ) so thats what my worries all about, his mum can co-sponsor us but manila is a tough embassy ive read so much that it only depends so as what i said we are not relying on this, he doesnt even have bank statement or savings, he got his house and cars tho, but what else can we do? i mean im so confused and scared that when the right time comes i will be denied because of his financial matters, but yes his income will be going up next year but it would be next year and we are expecting noa2 like maybe september or october so im really worry, what else can you advice us?

[EAbbas 213]

You are correct about the poverty guideline for 5 people- it is $32'712. I am not sure his income will be enough, as it is less than a thousand above the guideline, and way below the last two years. Does he have any assets he could add, such as business assets, a second car, property, savings, 401K? Can he demonstrate somehow that his income wil go up rather than down next year (ie what is the reason it was so low the last two years?)?

We just sent in our AOS packet to NVC and we like the OP have 5 including foreign spouse and I make 33,147 yearly...but I also included info on my 401k which has $110,000 in stocks which can be liquidated and I sent the form saying what it would be if cashed out @ $78k...after penalties....

does this look ok? Just a little worried...I guess............. thanks as always penguin..

Edited April 23, 2011 by EAbbas

[Penguin_ie 5,993]

OP- can you get a letter stating his income will definitely go up? That might help. You are correct about Manila being tough on co-sponsors, but I would probably have his mom get everything ready anyway. They sometimes do accept close family members as co-sponsors, and as he is technically over the poverty line, they might make an exception and accept her.

EAbbas- I think you should be ok, especially if the income is from a steady job.

[bjmyrnajourney 1]

OP- can you get a letter stating his income will definitely go up? That might help. You are correct about Manila being tough on co-sponsors, but I would probably have his mom get everything ready anyway. They sometimes do accept close family members as co-sponsors, and as he is technically over the poverty line, they might make an exception and accept her.

EAbbas- I think you should be ok, especially if the income is from a steady job.

yes i will do that, thanks so much for the advice really help us, godbless!

[EAbbas 213]

thanks penguin and yeah my job is steady and i should be getting a raise in may