*Still (dammit)
Hi again, PF.
I (posted my situation) last week and received some solid advice and started doing what I can to keep my head above water. Thanks to everyone who commented.
I wanted to give an update:
I was brought into my bosses office last week and an HR person was there. I was told that my department was being dissolved and that I could take a severance (4 weeks pay) or take an open position in a different department. This new position is at a lower (basically entry) level and is a 20% pay cut.
I went home and did some calculations to see how long the severance + vacation payout would last and realized we could make it maybe 6 weeks before having $0.
I decided to accept the new position because, well, I need income.
After running the new numbers based on what I'm expecting my check to be, it looks like we will be about $750 in the hole each month.
Wohoo! Right?
Here's where I'm at today:
-I've started to application process for Income Driven Payments on my student loans, although I'm not sure they will care about anything but my previous year tax return.
-I plan on using my wife's CC to pay the renaming ~$100 on my phone so that monthly bill should drop $27/mo (and her cc payment won't go up that much of course). I know this is generally stupid and I will be paying interest on top of the $27 but it's immediate release of that $27/mo. I also dropped our phone plan to lower data allowance which will shave off another $10 from the bill.
-I am calling all of my CC providers to see if I qualify/signed up for some form of "financial distress" insurance to maybe defer payments for a bit.
-My landlord messaged me this morning and said he is putting the house on the market so we will need to be out by August. Maybe this is a blessing in disguise but so far I haven't found anything cheaper in the area. Started to seriously look in surrounding areas.
-I am calling the trash company to see what they offer for fewer pickups
-I will be spending the night getting insurance quotes (although I think $123/mo for two 30yo drivers with two new vehicles will probably not be bested)
-My new position will be more days remote, so I should be able to save on gas
-We are cutting our grocery budget to $130/wk
-I have been trying very hard to not turn on lights and utilize sun light as much as possible
-I have been following up more rigorously on job applications and connections
Life is funny sometimes. I am learning my lesson. I never want to be in this situation again. Once things start looking better I am going to make sure I have 6 months save. No excuses.
Submitted June 18, 2018 at 12:01PM by darwin_thornberry https://ift.tt/2K3ptYk
