Looks like my job is going to be taking a pay cut since I'll no longer be allowed overtime. It was great cause it helped us out financially and I was able to get a lot more done.
But I'm not bummed about it. We shouldn't be living on my pay anyway. This is just forcing us even more to change our spending ways.
Its about a good decline but just reinforces to DH that now is NOT the time to be spending extra money.
My toughest thing to grapple with is... We pay $375/mo right now for my son's preschool. Without the O/T we're in the red and if I got rid of saving $250/mo for our retirement and his preschool, we'd be back in the black.
But his preschool is only till June. And I don't feel like its a luxury because I work from home, he needs the interaction and I saw how much he improved last year. He is 4 y/o and already reading.
We really just need to pay off DH's car. We owe $11K on it and if we paid it off, then we'd be fine especially with his pay raise in January.
Seriously, I don't know how we survived last year. Last year we were $800/mo in the red.
We're sitting down tonight to go over what we can cut. I'd be willing to forego our retirement savings for 8 months just so our son can continue to go to preschool. But we really need to pay stuff off!
The silver lining is... thank god this is hitting us when he gets his bonus cause at least we have the money & are in a position to figure out what to do with it instead of not having the money and not knowing what we will do.
Pay cut
September 30th, 2008 at 07:29 pm
September 30th, 2008 at 08:04 pm 1222801486
Are you still going to pay $81/month for the financial planner?
September 30th, 2008 at 08:28 pm 1222802917