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So that just happened....

Dh was told after the project is done at the end of the month, he no longer has a job. I'm happy with the timing I guess- if it had happened before baby was born it would have been an absolute nightmare. And that we got the house paid off when we did, but I don't think you can ever be prepared for this news emotionally. I'm getting applications in so I can substitute teach, but it's spring break here so I really have to wait a week before I can do anything. Hopefully I can be ready to start when this is official. That should help us cover our expenses a bit instead of taking everything out of the emergency fund. I'm scared of what health insurance is going to cost us. That is the biggest unknown, I guess other than how unstable the job market is for him. Mm ? Do I apply for teaching jobs for the fall? We could make all our bills on a teacher salary, but then if dh gets a job between now and then, or whenever he finds one we would be putting kids in daycare and my salary would be a wash. It would also cover our health insurance.... I would not quit on a principal half way through the year, that isn't right
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Re: So that just happened....

  • Oh no! That's rough :( Is he eligible for unemployment? If so, make sure he applies right away because it can take a while to start receiving benefits. I was eligible when I applied, but the person I "interviewed" with misunderstood me and marked me ineligible, so I had to see a judge. I ended up getting approved, but it took 4 months.

    How likely is he to get a new job before fall? I think that would play into whether or not you should apply for teaching jobs. But of course you wouldn't want to be left with nothing if he couldn't find a job before then.

    For health insurance, you might qualify for your state's health plan. If not, losing a job qualifies as a life change, so you would be able to enroll in one of the ACA plans. I wouldn't do COBRA; it's can be insanely expensive...if I opted in it would've been $1800/month for my family.
  • Ugh that really stinks.  Does he get any kind of severance package or anything like that?  Our friends who are in the O&G industry that have gotten laid off have all received really nice severance packages.  
  • oh no!  I'm so sorry.  I know you can never full emotionally be prepared for a lay off but things usually work out for the better no matter what happens.  I think this would be the ideal time to apply for teaching jobs as its usually when teachers decide if they want to stay on for the next year or not. I would go ahead and get going on that part of it.  I know they can hire as late as May for the following fall.

    Regarding health insurance.  I would go into a local blue cross office if you have something like that in your area and get quotes for plans under the ACA.  The agents are really knowledgeable and signing up is super easy. COBRA is SUPER expensive.  Once you get an idea of what he will bring in on unemployment monthly will help know what kind of subsidy you are qualified for.  Loosing a job qualifies as a life changing event and you can sign up now as opposed to waiting for open enrollment.
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  • That sucks. Like you said, even when you are financially prepared, the emotional part is still hard. I like the idea that you are going to try to get sub jobs for the rest of the school year. Something for you and hubby to talk about is do you have any family & friends that need child care for the summer? This way you may be able to bring in some money over the summer and help someone you know save a few dollars. I'm not talking like a house full of kids, but maybe 1-2 kids. In the mean time maybe hubby can get a part time job that is afternoons/evenings. This way he would be home during the day for when you get a sub job & hopefully the income from that would help reduce some stress on your finances too. Then as job openings for the fall start to be posted, what about a part time teaching position, assuming hubby doesn't find something quickly. Then he could stay at home with the baby while you work and if he gets an interview he can schedule it on your day off while still maintaining his part time job at night. And if by chance he gets a job during the school year, then you would only need to find part time child care which hopefully would be more affordable. Then when the school year is over you can give notice.
  • labrolabro member
    Fifth Anniversary 500 Comments 250 Love Its Name Dropper
    Ughhh I am so sorry! This really sucks! I hope you're able to figure out jobs for one or both of you soon!
  • That sucks - I'm so sorry! If I were in your shoes I would go for the teaching job to be safe. Worst case scenario is that your husband finds a job after school starts and you finish out the year with the kids in daycare since it would financially be a wash and you wouldn't have the guilt of quitting on them. 
  • That sucks, I'm sorry. 

    I would go for the teaching job, even if you end-up putting kids in daycare and it is a wash, that seems like a better option than the alternative of neither one of you having secure work. 

    Me: 28 H: 30
    Married 07/14/2012
    TTC #1 January 2015
    BFP! 3/27/15 Baby Girl!! EDD:12/7/2015
  • Well that stinks. BF was let go in Nov --  it's the pits. even when you're OK financially, emotionally -- its hard. Its been a LONG 5 months, for BOTH of us. Healthcare is where it gets tricky, his company is keeping him on their plan for 6 months, after that, we will either register as domestic partners so he can go on my plan, or he's going w/ Cobra -- for like... $850/mo. 

    I like your plan of subbing now & getting your resume out there for the Fall. If his industry is touch & go, even if he has a job by then, you having a job with benefits seems like a wise move. I'll tell you what I tell him, it WILL work out, he WILL find a job, EVERYTHING will be ok & try to ENJOY the time off w/out stressing too much :-)
     

  • NicA617 said:
    Well that stinks. BF was let go in Nov --  it's the pits. even when you're OK financially, emotionally -- its hard. Its been a LONG 5 months, for BOTH of us. Healthcare is where it gets tricky, his company is keeping him on their plan for 6 months, after that, we will either register as domestic partners so he can go on my plan, or he's going w/ Cobra -- for like... $850/mo. 

    I like your plan of subbing now & getting your resume out there for the Fall. If his industry is touch & go, even if he has a job by then, you having a job with benefits seems like a wise move. I'll tell you what I tell him, it WILL work out, he WILL find a job, EVERYTHING will be ok & try to ENJOY the time off w/out stressing too much :-)
     

    Just a heads up, if you didn't want to do the domestic partnership route, your BF should be able to get an individual plan for way less than $850/month.  That's the one plus of ACA... it's made it a lot easier for people in his situation to get their own plan without having to pay the ridiculous Cobra fees.  
  • @julieanne912 --  I'll look into it -- thx! I'm hoping it doesn't come to either option & he gets a job. i know he needs to keep his own doctors & I'm not sure that's possible using the affordable healthcare. can't hurt to check it out though ;-)
  • NicA617 said:
    @julieanne912 --  I'll look into it -- thx! I'm hoping it doesn't come to either option & he gets a job. i know he needs to keep his own doctors & I'm not sure that's possible using the affordable healthcare. can't hurt to check it out though ;-)
    In my experience, at least here in CO, most doctors are available on all the plans from the big companies.  The "affordable healthcare" policies are just policies from the same big insurance companies everyone else uses.... Blue Cross, Cigna, etc.  I actually was all signed up with a Blue Cross plan through the exchange when I got my previous job that had insurance provided... also through Blue Cross.  The plan I had chosen through the exchange was in the $270/month range I think.  So, not great but still way better than Cobra!   They had cheaper options than that as well.  

    They just generally aren't as good as what you could get through an employer for the price, usually just higher deductibles etc.  But because of ACA, they have requirements they still have to follow that make the plans halfway decent still, without having a ridiculous cost to them.  
  • I'm so sorry you're going through this, job loss is so stressful.  I don't have any specific advice, but I hope things work out well as quickly as possible. Thoughts and prayers that he finds a new job soon. 
  • Thanks guys! I may have found the perfect job solution online last night. A local non profit is hiring a financial coach and planner to help low income families in the area!! I could use my teaching background and all the financial information I have learned, and I wouldn't be locked into a contract so if I want to quit when dh gets a job I can. Or if I want to stay I can! It would be my choice, not a decision I have to make now :)
    That's awesome!  I hope it works out for you.  That sounds like such an awesome and rewarding job.
  • Thanks guys! I may have found the perfect job solution online last night. A local non profit is hiring a financial coach and planner to help low income families in the area!! I could use my teaching background and all the financial information I have learned, and I wouldn't be locked into a contract so if I want to quit when dh gets a job I can. Or if I want to stay I can! It would be my choice, not a decision I have to make now :)

    That's a good point.  Although teaching is your background, that doesn't mean you can't apply for other positions.  I don't remember how large of a city you live in but, I had a former coworker who got a job at a technical college.  But it was more a place that taught one-off classes...like Basic/Intermediate/Advanced MS Office classes.  That type of thing.

    Let me tell you.  This guy could barely turn a computer on.  BUT he had been a TA in college and had taught classes there.  And that was how he got the job.  They told him it they could teach whatever knowledge he needed, but what was more valuable to them was someone who had experience teaching.

    Also look for positions at companies where you would be some type of trainer.  That's another type of job that might be complimentary to your experience.

    Or...I'm not sure what to call them...supplemental learning schools?  Like the kind of "after school" place parents will send their kids to get extra help in reading or math or whatever subject their child is struggling with.  I think there are even some online schools that do that and you could work from home.

    Are you at all familiar with home schooling?  I have to admit my initial naivete about home schooling.  I thought that was where parents taught their children.  But apparently not.  Most home school programs have an online teacher, though I think they are often fairly local to the children he/she teaches, that conducts the lessons and monitors student progress.  Maybe look into being a teacher for some of these home schooling programs.    

  • Thanks guys! I may have found the perfect job solution online last night. A local non profit is hiring a financial coach and planner to help low income families in the area!! I could use my teaching background and all the financial information I have learned, and I wouldn't be locked into a contract so if I want to quit when dh gets a job I can. Or if I want to stay I can! It would be my choice, not a decision I have to make now :)

    That's awesome!!! Good luck with that! And if the hours work well for you, maybe depending on the hours it's something you will be able to keep when hubby finds a job & then you can put extra money away for retirement, college for the kids or just to build up your savings account.

  • Thanks guys! I may have found the perfect job solution online last night. A local non profit is hiring a financial coach and planner to help low income families in the area!! I could use my teaching background and all the financial information I have learned, and I wouldn't be locked into a contract so if I want to quit when dh gets a job I can. Or if I want to stay I can! It would be my choice, not a decision I have to make now :)
    Cool!  We have this in my neighborhood.  I think it is a great resource.
  • Wow! I'm so glad to hear the good news. I work in insurance and know that it can be complicated and confusing to navigate. COBRA can be really expensive-- I wouldn't recommend unless very desperate-- but sounds like you a have a solution! 
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