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dh lost his job yesterday

post #1 of 28
9/8/10 at 11:38am
Thread Starter 
nothing like adding a whole lot of stress right at the tail end of this pregnancy! dh went to work yesterday and found out that they decided to lay off a bunch of management. they did offer a severance package, and we can cash out his 401K, so we'll be okay for a few months at least while he looks for a new job. the problem is that none of that is available to us for 60-90 days. i have no idea how we're going to pay the bills till then, specifically the mortgage. i'm terrified we'll end up losing the house, thouhg i know we can probably get a loan from his mom to get us by till the money comes thru. i wish there was a small heads up so we weren't completely blindsided! they flew in a bunch of the higher ups to do all this terminating yesterday, and dh's boss didn't even get notice that dh was on the list (or that there was a list for that matter). ugggh! i feel like i can't remember to breathe.
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post #2 of 28
9/8/10 at 12:04pm
Oh my goodness! I hope he finds something soon.
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post #3 of 28
9/8/10 at 1:11pm


Tha sounds like it's really scary to you. Im dealing with some unfortunate circaumstances right now that led to us sleeping in our friends living room (THEN I found out i was PG) and now thinkgs are starting to look up but we def are gonna be stretchin our funds by the tie baby comes. Tryin to get an RV so we at least have that to fall back on. Im totally Okay with taking care of a new born in an RV but when it starts walking we better have somethin else figured out.


Awe moma. try not to stress. I know its STRESFUL but dont let it effect your baby, cause your baby will be FINE no matter where you are. Sounds like its got a good mommy and daddy who will love it no matter the financial situation.

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post #4 of 28
9/8/10 at 1:42pm
oh wow i couldn't imagine the stress you are feeling right now. (((HUGS))) and it'll all work out some how
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post #5 of 28
9/8/10 at 1:44pm
This happened to us three weeks before Christmas in 2007. It took him three months to find another job then we had to sell the house and move to Atlanta! We survived and you guys will too. First things first, immediately discontinue or downsize anything that's not essential, cable, newspaper/magazine subscription, expensive cell phones, etc... We discovered that we could find good movies at our local library for free. They weren't first run, but we enjoyed them. There are all sorts of bargain finder websites out there.

If his severance and 401k won't be available for a couple of months you might qualify for unemployment. It's not a lot of money, but it is something, we were able to pay our mortgage out of ours, you might be able to do the same. You may also qualify for Food Stamps and WIC since you're pregnant.
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post #6 of 28
9/8/10 at 2:14pm
Quote:
Originally Posted by roslyn View Post
This happened to us three weeks before Christmas in 2007. It took him three months to find another job then we had to sell the house and move to Atlanta! We survived and you guys will too. First things first, immediately discontinue or downsize anything that's not essential, cable, newspaper/magazine subscription, expensive cell phones, etc... We discovered that we could find good movies at our local library for free. They weren't first run, but we enjoyed them. There are all sorts of bargain finder websites out there.

If his severance and 401k won't be available for a couple of months you might qualify for unemployment. It's not a lot of money, but it is something, we were able to pay our mortgage out of ours, you might be able to do the same. You may also qualify for Food Stamps and WIC since you're pregnant.
All great advice.

We found out about dh's pay cut the same day that we found out about surprise #3.

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post #7 of 28
9/8/10 at 2:25pm
My dh lost his job a week before I found out I was pregnant with this baby. It was really stressful, but we were able to get unemployment. Good luck!
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post #8 of 28
9/8/10 at 2:35pm
Oh no! I'm so sorry.
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post #9 of 28
9/8/10 at 2:53pm
Right now so many people are behind on their mortgage that the mortgage companies are being really good about letting people get behind or reorganizing for smaller payments. Don't worry about that. They have no desire to evict you and be stuck with a house they can't sell in this economy and having to worry about vandals. It is better for them if you keep living in their investment and taking care of it.
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post #10 of 28
9/8/10 at 3:54pm
hope he finds something else soon!

don't worry at all about a couple missed house payments, if it comes to that. it takes MUCH longer to be forclosed, more like a year of missed payments, but you'll be caught up in more like 60 days.
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post #11 of 28
9/8/10 at 4:04pm
Call your bank or mortgage company. They might let you add a couple of payments to the end. Yeah, you still have to pay the interest, but it beats having a ding on your credit report if you can avoid it. If you can get by with one car this might be a good time to sell one. For one thing it'll bring in some extra cash, and for another you won't be buying gas for two vehicles. (This might not be possible with a baby on the way, but it's something to think about.)

Look at your grocery bill. At times like these you have to be absolutely ruthless. We ate a lot of beans and veggies for those three months. We kept meat for Sundays only. Store brand breakfast cereals are less than half the cost of the brand names. Better yet, buy old-fashioned Quaker oats. They're dirt cheap and healthier anyway.
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post #12 of 28
9/8/10 at 4:16pm
s that's so stressful. I'm sorry.
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post #13 of 28
9/8/10 at 10:05pm
I'm so sorry this has happened! We're in the same boat right now with two little ones, and as of a few weeks ago, a surprise little one on the way that we just couldn't believe. Your husband should be able to file unemployment with your state quickly and the government is subsidizing a slightly increased amount, along with longer time periods to be able to receive unemployment. We, too, have used lots of coupon-type websites, cut the extras (life without TV is actually GREAT!), and have found some part-time work to help out. Wishing you so much peace of mind--it came down to realizing for us that there was a Higher Power in charge and that we had to change our own thinking from down-in-the-dumps to a positive acceptance and visualization of change. Best of luck...
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post #14 of 28
9/8/10 at 10:48pm
Sorry I'm posting in dribs and drabs, but I'm only six weeks ago and I've got the worst preggo brain ever. A lot of churches will assist you as well. Some only help with food, but there are some that will help with utility bills. I don't know if they'll pay mortgages, but I know they'll pay rent. Catholic Charities in particular was always very helpful when I referred my social work clients to them.
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post #15 of 28
9/8/10 at 10:56pm
My dh was laid off when I was 8m pregnant with dd2. It was incredibly stressful. Just try to relax and focus on the positive. You and your dh have some quality time together before this new one comes.

We had a really hard year after that but we got through it and we're stronger for it.

Good luck and do the best you can to relax but don't feel guilty if you can't. Your baby will be fine despite your stress. I hope you have a peaceful gentle birth and that your dh finds a new job soon.
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post #16 of 28
9/8/10 at 11:03pm
I'm so sorry.

Moving this thread to Frugality and Finances where I hope you find support and advice.
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post #17 of 28
9/9/10 at 2:19am
Since your DH was laid off he should quailfy for unemployment. I would have him file IMMEDIATELY. UE usually has a waiting week plus it takes a day or 2 to file and get things straight. Plan on spending a large amount of time on the phone (hold) with UE the first time.

Loosing a job isnt fun and I hope he finds something soon - I've been 'looking' for over 2 years. I do substitute teach and did a career change during that time but have yet to find a 'real' job. I so hate this economy. ugh.

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post #18 of 28
9/9/10 at 4:43am
Why would there be 60-90 days wait time for severance pay? I've never heard of this. Is that legal? Is it common in U.S.? Over here everybody gets all of that on the last day or within a few days. And people are not allowed to collect unemployment insurance during the period the severance pay cover.

Hope he finds something else and possibly better soon. You never know. You guys might actually come out ahead financially.
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post #19 of 28
9/9/10 at 5:07am
Quote:
Originally Posted by Poddi View Post
Why would there be 60-90 days wait time for severance pay? I've never heard of this. Is that legal? Is it common in U.S.? Over here everybody gets all of that on the last day or within a few days. And people are not allowed to collect unemployment insurance during the period the severance pay cover.

Hope he finds something else and possibly better soon. You never know. You guys might actually come out ahead financially.
NO actually I ALWAYS recieved my severance pay immediately upon discharge from the company. All the info was in my 'release packet'. Something does not sound right about this company. I've been laid off several times (I had the joy of working in the finance industry) and everything was done immediately. OP your DH needs to follow up on this NOW.
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post #20 of 28
9/9/10 at 5:07am
Quote:
Originally Posted by fyrwmn View Post
nothing like adding a whole lot of stress right at the tail end of this pregnancy! dh went to work yesterday and found out that they decided to lay off a bunch of management. they did offer a severance package, and we can cash out his 401K, so we'll be okay for a few months at least while he looks for a new job. the problem is that none of that is available to us for 60-90 days. i have no idea how we're going to pay the bills till then, specifically the mortgage. i'm terrified we'll end up losing the house, thouhg i know we can probably get a loan from his mom to get us by till the money comes thru. i wish there was a small heads up so we weren't completely blindsided! they flew in a bunch of the higher ups to do all this terminating yesterday, and dh's boss didn't even get notice that dh was on the list (or that there was a list for that matter). ugggh! i feel like i can't remember to breathe.
OH I so feel your pain right now... My dh got unceremoniously fired last week.. ON his birthday no less! We went into full on panic mode, but thankfully pulled ourselves together pretty quickly. He's self employed (owner driver courier) and lucked out in finding a new job really fast and starts soon. I can't imagine going thru this past week pregnant so I hope you find a way to stay sane! Here's hoping that as this door closes another one opens up somewhere, right?
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