Tuesday, March 25, 2008

Two Month Challenge

DH has been in an unacceptable job situation for a while now, and while I've encouraged him to quit and look into going back to school, so far he's resisted. Mainly because he makes the majority of our income. But I've run the numbers and with a part-time job that he actually enjoys we could certainly survive, although it would be pretty tight in our current situation (low savings, credit card debt).

Today he's reached the end of his rope. He has three potential job openings on the horizon he would be qualified for, and will apply for. But if he does not get hired for one of them, he will be quitting his job as of June 1st.

So now I start planning... I have a little over 2 months to work on the Personal Finance Trifecta. Build an emergency fund, Reduce our debt, Build our stockpile.

We've done fairly well with staying within our budget in the past, but the last month or so, we've gotten lax about eating out for lunch (when we didn't want to pack our lunches) and overspending at Costco. Starting April 1st, this won't be an option as we prepare for our income to drop by 60%. If he does get one of the jobs he's applying for, it'll be great that we won't have to cut our budget that much, but we'll be prepared for it if necessary.

If anyone has tips, suggestions, success stories that will give us confidence, etc... we'd greatly appreciate any and all help.

1 comment:

JW said...

I hope that your husband gets one of those three opportunities. Good Luck!