(Closed) Money,,Money..Money. WWYD?

posted 5 years ago in Home
Post # 3
Member
4439 posts
Honey bee
  • Wedding: January 2013 - Harbourfront Grand Hall

Based on what you show you should be fine!  Cut the cable, look into more effective meal planning and you’ll have more than $200 left over.

 

My previous apartment complex had a clause that if you’d lost your job you could break your lease for free — any interest in discussing that with your landlord?

Post # 4
Member
1293 posts
Bumble bee
  • Wedding: December 2018

@figgnewton:  I would say you can make it work temporarily, but I wouldn’t want to be in that situation for long personally. I’m sure he won’t be unemployed forever, and the market is tough right now. You can get through this rough patch, and then he can start contributing again.

I strongly believe in having a healthy savings account and also saving for retirement. My Fiance and I both make good money so I can’t complain, but I wouldn’t want to be forced to survive on a single income when I am used to our DINK lifestyle.

 

Post # 7
Member
4439 posts
Honey bee
  • Wedding: January 2013 - Harbourfront Grand Hall

@figgnewton:  Just be honest, tell them you don’t want to fall behind in rent and you could gently hint that the eviction process is a pain in the butt!  

 

Or maybe they’ll temporarily lower your rent if they love you as tenants!  You never know, can’t hurt to discuss it with them.

Post # 8
Member
14497 posts
Honey Beekeeper
  • Wedding: June 2011

If you have anything left over at all, it doesn’t so sound bad.  It’s a lot better than seeing a negative number after all the bills.  It’s a small buffer, but hopefully you can save that 200 left over for doc appts and stuff and make do with it until your husband finds another job.  At least it’s only temporary.

Post # 9
Member
816 posts
Busy bee
  • Wedding: April 2013

@figgnewton:  Fi and I went through something similar a few months ago when I had trouble finding a job after graduation. I’m now working as an Americorps VISTA volunteer, which means I get a very modest stipend of about $800 per month. Fi is just starting out in his trade at $10.00 per hour. We had about $5,000 put away in savings that is helping to float us over the next year, as well as fortunate circumstances such as us both owning cars, my mom keeping me on the family cell plan/car insurance, him having a company vehicle to drive to/from work. But, I commute an hour each way to my job, and  I have about $80 in highway tolls every month. It’s tough, but the key is planning for the unexpected. Keep that $200 each month locked away, trust me, you will need it! Already I’ve had an expensive car repair, car tags/registration due, and wedding-related expenses that I hadn’t thought of. Things come up, and having that “cushion” will be a tremendous help. Good luck! This is really a good character/couple building time. I know fi and I have decided that it’s made us closer and incredibly resourceful, and it will make it very easy to save when we are both making more money. Even a couple hundred dollar increase in income will feel like a ton!

Post # 10
Member
118 posts
Blushing bee

I think you can just squeak by with that money, it’ll be tough and you won’t be able to go out to eat/drink, but if you’re careful, you should be fine.

A few questions/comments/more things for you to think about:

  • You say the car insurance will raise if your Darling Husband gets a car. How much will that car payment be? I don’t see it listed. Plus don’t forget to factor in all the fees associated with a new car. (registration, inspection, etc)
  • If he gets a car, presumably your gas cost will double.
  • How much does internet cost you a month?
  • What is your cell phone bill(s) monthly?
  • What about water ultility?
  • Does your grocery list also include non-food necessities? (like toothpaste, tp, dish soap, etc)
  • Pets?
  • health insurance?
  • taxes?
  • perscriptions?

I just had to do something simular with my SO, so questions like these are still fresh in my memory.

Post # 12
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Cancel the cable! Do either of you have anything that you are ok with parting with that you can sell (furniture, clothes, sporting equipment, services, etc)? You could build up a bigger cushion that way. I’d also switch to bulk dry goods (like, dried beans instead of canned, bags of rice if you were using more expensive convenience-cook rice etc). It’ll save more than you think! Maybe do 1-2 meals a week with beans as the main protein instead of more expensive meat?

Post # 13
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

@figgnewton:  A lot of people do estimated payments on taxes if their withholding isn’t enough or if they get interest income. Also, some people get large refunds, which could be a good buffer right now :-).

Post # 14
Member
556 posts
Busy bee
  • Wedding: January 2014

Try to implement some vegetarian days in the week 😛 vegetables are cheaper then meat or fish and are also good for your health. (just a crazy idea);

Cancel the cable;

Change all your lights to energy saving type;

Try to avoid using the car to save some gas, walk instead (healthy life style yay);

I think you guys can make it 🙂

Post # 15
Member
118 posts
Blushing bee

@figgnewton:  crayfish has it right in one with her answer. Plus, I’m just not very familiar with NV’s taxes. FE: In our situation, we had to remember to account for property taxes, which are due every year. Since you pay rent, I doubt you’d have to account for property taxes, but I wanted to make sure there wasn’t a pesky city tax that you had to pay.:)

Oh, just remember one we almost forgot too: sewer ultility. Though, if the community pays for water, it might also pay the sewer bill.

I hope these help!

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