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Archive for January, 2010

wow

January 10th, 2010 at 07:14 am

I can see it's been awhile again since I've blogged. Just thought I'd share a little of what's been going on in our lives. Late October we made the decision to move. The house we were living in was owned by my parents, and they did absolutely no upkeep on it at all. It was a rent situation, but they wanted us to throw money into repairs, general upkeep, etc. We didn't mind doing the little stuff, but things like the furnace and roof were a little beyond our responsibility. After a couple of years telling them the roof was leaking, and having nothing done, we finally decided that it was time to move out. Needless to say, they didn't take it very well and disowned us. Lesson from this: never have financial dealings with family.

So November was spent packing and preparing for Thanksgiving, and packing. We moved Dec. 1st into our current home, and we are happy here, still a rental situation but we know the landlord well and he is awesome.

So 2010 comes in, and we were happy to get a fresh start to the new year in a new house. Well hubby's paycheck hits the bank on Friday and it is $335 short.
Yep, a garnishment. We had no notice it was coming. Yes there was a judgment for this bill but it's about 8 years old, and quite honestly we haven't made it a priority to pay it off. So yes, it's our fault but sure doesn't make right now any easier. We're probably looking at this going on for the next 9-10 months.

We have no savings, no EF, no credit cards (which I guess is a good thing in the long run), and leaves us with not having enough money to pay our bills, or conversely, if we pay our bills, not enough money for essentials (like gas, food, toilet paper....)

So our options are to increase our income or decrease our expenses. We are working on both. Hubby is waiting on a job to be posted that is "his". Long story short, he applied in June, interviewed in July, and then issues with HR (and budget issues) has delayed it so far. He has already been told by his supervisor that the position is his, he's already doing the work of the job. It should be an increase of about $10,000 yearly, which should, if nothing else, bump us back up to where we were, even after the garnishment. I've applied to Walmart, and am looking to see what else is out there, but really there's not a lot to be had. My trouble is, too, that I haven't worked since 2004, been going to school part time as well as taking care of my children, 2 which are special needs. That gap doesn't look good with employers.

So our other option is to reduce expenses. Unfortunately there's not much to reduce. Our cable/internet/phone is all bundled together through Charter, and we can't stop cable without stopping the other 2, and that's not an option, as hubby works from home 3 days a week, and my daughter attends virtual school. We need the internet. I am looking at reducing our car insurance payment, by lowering deductibles. I have a meeting scheduled with our agent next week. I've cancelled the YMCA membership, which kept costing us overdraft fees because I'd always forget about it. We have a cell phone, but we're under contract, so to cancel that means we have to pay an early cancellation fee up front, so that makes no sense to do that, either.

We will be getting approx $1700 back on our federal tax return, and some on state, so that will help to get us caught up on our bills, and will also get rid of that awful check cashing loan we have out.

So we are literally just treading water here, trying not to drown in the process. To top it off, the coffee maker stopped working today and the deep fryer is missing. It's a little thing, I know, but on top of everything else that's been going on, it's just too much. Right now we're of the mindset, ok what else is going to go wrong? Waiting for the other shoe to drop, so to speak.

So that's my update. Definitely not a pretty one, and really really hoping that we can bring ourselves financially out of this mess and in a better place. Ironically that was our new year's resolution: to become financially better. Now I'm not really sure if that's going to happen. No way we can save if we can't even meet our basic essentials each month.