Money Matters
sasdrum
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
savings help
Hello all,
The husband and I have been through quite a bit now with finances and housing and it's not going to end anytime soon. So I'm looking for advice on how to save when you're living paycheck to paycheck on one income with credit card debts that need to be paid. I bring in just enough to cover our bills, so since his position got cut, we haven't had any opportunity to save.
The other issue is that the agreement we have on our living situation ends the end of February. This means that we have to move and with the current finances, we don't have enough to afford the rental fees in the area and don't make enough to get a home loan.
Thank you!
Re: savings help
Unless your H is out of work for health reasons, I'd also look for ways he can contribute something to your income while job hunting. Could he mow lawns, take a paper route, or take a restaurant job in the evenings? You could then save his income while using yours for bills.
Do you have any money saved right now? If you can cut your budget or get H some income, I'd save $1,000-$2,000 as an emergency fund and then start tackling the credit cards.
February is a long time from now. Is there any chance H could be employed again before you need a new place? If not it sounds like you might want to temporarily look into shared situations with roommates while you get back on your feet. Also check Craigslist for non traditional rentals (ie living in someone's inlaw in exchange for low rent and mowing the lawn).
I agree with all of the above. It's hard to save extra when living paycheck to paycheck. Sign up for mint.com and keep track of all your spending. Cut back on lot and only keep the necessities until your H can get another job. Don't eat out, cut down on your cell phone bill etc...you have enough time to worry about your living situation so why not in the meantime either you get a second job or have your H get a minumum wage job in retail for the time being? Anything is better than nothing and there are always stores hiring. If you don't have any kids, there's no reason you can't just pick up a side job and work all day/night if that's what you need to do to help yourself and situation. Trust me, I've lived check to check before but just know that that will change with time...
I just finished working a parttime job for the last 7 months to help with our house down payment and even though the pay was crap, I made some decent extra money and kept myself busy in the meantime.
I'm really sympathetic also. My DH was laid off one month after we got married...almost two years ago...and still hasn't found employment
.
You'll find somewhere to move to, you might just have to downgrade and/or move to a further out area.
I don't know about your area, but where I live, Dominoe's is on a crazy hunt for deliver drivers. Like billboards and commercials looking for delivery drivers crazy.
From what I understand, it is fairly decent money. I had an ex in college who supported himself in So. CA delivering Dominoe's.
Do you have kids? If not, there's no reason why your DH can't go out and get no fewer than two part-time jobs while he looks for full-time employment (assuming he's out of work because the position was cut and not because he's ill or something). It's fine to post a budget, and I'm sure the people on this board could help you find wiggle room, but why? You aren't maximizing your income potential, and that's the easiest way to start getting yourself out of the mess. No fewer than two part-time jobs while he looks for full-time employment. Once income is coming in, then budget. Just my two cents!