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DH has informed me that his expected income for the year is $12K lower...

post #1 of 5
3/9/11 at 7:55am
Thread Starter 

...than we originally thought. And that's best-case scenario. And the amount we originally thought it would be was just barely what we'd need it to be to cover our expenses for the year (assuming no emergencies). bawling.gifbawling.gifbawling.gif

 

I'm freelancing, but the original plan for that money was that we would use it to rebuild our savings, which we've been pecking away at since I left to SAH this time last year. Now it's survival money, and most likely not even enough to fill the gap, and that scares me. I'm also afraid we're going to owe on taxes this year--we're still waiting to hear back from our preparer (I knew I should have insisted on doing them myself, but DH felt obligated, and we thought we were OK financially at that point).

 

I'm mainly just venting and banghead.gif right now. I know things could be much worse, of course, but I'm quietly freaking out anyway. Thank goodness we refinanced the house a few months ago--that's $400 a month less to worry about!

 

Thanks for listening. I don't want to talk to my mom about it, and DH is quietly freaking out too, so I don't want to burden him more than he's already burdening himself. Argh!!!

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post #2 of 5
3/9/11 at 8:12am

that is quite a blow.  luckily it's early enough in the year that you have some time to make a plan, though.  it's hard to offer potential solutions without knowing more about your family's situation.  what kind of hours does your dh work?  what about you?  do you have the potential to do more freelance work than you planned?  or are there are possible sources of income such as caring for another child part-time?  do you have expenses that can be reduced?  it sounds like you've already been looking at that, but if you post your budget, people here might have some helpful ideas.

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post #3 of 5
3/9/11 at 8:36am
Is he now looking for a second job?
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post #4 of 5
3/9/11 at 10:19am

Can you work nights/weekends?

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post #5 of 5
3/9/11 at 10:31am

You mentioned your mother - is she maybe available for fee childcare so you can go back to work?  Either full time or part time?

Sorry - this blows.

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Mothering › Forums › Natural Family Living › The Mindful Home › Frugality & Finances › DH has informed me that his expected income for the year is $12K lower...