Don't get me wrong, I am not the envious type and I am perfectly content with my life, but I am human. What am I getting to? Facebook. I am seriously thinking of taking a summer break from FB. Just too many beautiful pictures of summer vacations, new cars, etc. I just don't wan't to get caught up feeling sorry for myself for the things that I am not doing or buying. People have the right to spend their money as they see fit whether they have the money to do it or not. With a job loss coming soon, I want to keep moving forward with our future plans and remain focus. No distractions allowed.
Archive for May, 2018
I have not given you an update in a while, but I've been around reading your blogs. Two weeks ago my husband was notified that his contract will not be renewed and he will be out of work at the end of June. I am sort of relief to finally know. This job was causing a lot of turmoil and taking the peace out my home and I can say with conviction that I am glad it's over. Financially speaking, we will be just fine. I've been working on a plan for a while now and our emergency fund is extremely beefed up.
Here is the plan:
My husband will applied for unemployment benefits while looking for a job. We plan to save all of the unemployment money.
My DS#2 (who still lives with us) offered to help pay for the property taxes and homeowner's insurance. $700 a month. He has a really good job, saves a lot of his money while spending a bit of money on entertainment and car stuff. That leaves us with just the mortgage payment and household bills. We have no consumer debt other than mortgages.
I decided not to contribute to summer savings at work. My employer takes 10% of my net income to stretch my pay checks into the summer as I am a 10 month employee. That will give us an extra $775 every pay period. I will try to prepay July, August and September mortgage payments during the year if my husband does not find a job by then.
I will coupon and look for deals on groceries to keep this category in check.
No vacations, no mindless spending, etc.
On the bright side:
My income covers our monthly expenditures.
I will continue to contribute to my retirement accounts. I don't want to stop contributing because I am already behind contributing to retirement accounts.
Warmer weather is here and heating bill is at a minimum.
Mini Lofty Savings Goal #3 is fully funded.