trekkingirl - I am so right there with you, my DH is not on board with a budget either.
So I got a job offer for a 20 hr/week position with a non-profit that I am considering taking.
After paying taxes and deductions for a family health insurance plan - I will only see 46% of my gross salary. Does that seem about right for the United States?? I don't know if I am going to net enough to make it worthwhile.
I would also be curious to hear what folks say that are living in the rest of the world - how does that compare?
54% does seem high. The health plan premiums will be deducted off your gross and then the tax withholdings will be calculated... that may make a difference in your net pay.
I took my gross earnings for a pay period - subtracted the health insurance before any taxes - then took 30% off for taxes which is about the usual rate for me. Equals 54% of my paycheck deducted. (My deductions have been changed to as low as possible now - had to pay in to the feds the last two years.)
It is because it is only a 1/2 time position - if I worked more, the company would pay more of my health insurance and I would obviously have to pay less.
It's such a bummer - sigh. But I will need to decide if I should take it or keep looking - just trying to figure out if it's likely to be the same elsewhere. Sounds like it probably is.
Thanks for everyone's input!
trekkingirl redo your taxes to inclue the money the IRS said you should have. When they send you the bill sometimes they don't figure your exemptions you have. what they say you owe might not be correct.
lilac- how's the job search going? Find the best one yet?
Hope things are going well for you and the little beans.
I am getting a restricted teaching license and that leads into a masters in teaching. I already have a B.A. and I am taking grad level classes which are all unsubsidized. One thing that I can do is get a defferment on my current student loan debt though it is pretty low and will not free up much money per month, those loans are subsidized and I think will not acrue interest while I am enrolled in college.
I already accept 2300$ for my summer classes in student loans at 6.8% interest accruing as soon as it is disbursed next week. That is for 6 hours plus money for books. The restricted teaching license will only put me about 5K in debt, but I was planning on picking up some of the masters classes because of the timing and the unlikelihood of getting a job in January. The total amount for all the masters classes I need for the degree is about 18000$. 12 hours are actually a paid internship when I get a job teaching and at that point I hope to be able to pay as I go or shortly after I complete the hours.
My current debt is about 1750$ in cc and 4000K in student loans. I have reduced my emergency fund to 2000$(which is more than DR suggests but I rely soley on alimony/cs from xdh so that amount is as low as I feel comfortable, and I do have a bit extra right now in the bank but I am not paying anything off with it until the end of the month once i get my car issues fixed and paid for and see what is left.
At this point making extra money is near impossible as far as side jobs, I have little time as it is, and I need to keep my 1-2 days free for studying when the xdh has the kids. His hours are long and unpredictable so him keeping the kids any more is not an option. I also have no relatives within 20-40 mins of me and no one to keep my kids weird hours for a job or would accept the little money i could pay. I make 80$ a month at a church where I can bring my kids, but with illness i usually miss 1 day a month so it is more like 60$.
I do have small items I could sell on CL but I am not going to focus on that until summer classes are done on june 22nd. I will then have an 8 week break until classes start for the fall.
Thanks to overtime for DH we have been able to pay off another credit card. 8 down, 12 cc/student loans to go! Making progress again after doing our IVF feels good.
Geat news. I love OT when it comes to getting bills paid.
Got Paid today 325 went to rent and 175 in bank for bills. The 86 dollars i had left over got split up as 25/dollars for the christmas fund and rest went into EF total 700 in EF. in june i will br able to finish the EF and then be able to pay off SL by christmas. I'm right on track just need a few more checks with 79+hrs in them
polly make sure you are doing something for yourself during the week or that many hours of work will catch up to you and you'll burn out before christmas. Happy to hear you are so focused though! Keep up the good work.
AFM, I have my car back in the shop. My second transmission is going out. The shop says they will cover it even though the warranty is past but we'll see. It's only been a year but I drive a lot.
I haven't heard anything back about the house and can't seem to make up my mind as to what I should do. I'm back on disability as I threw my back out again. Living on a fixed disabled income is becoming more and more of a reality to me. All the more reason to get out of debt ASAP!
Gosh I haven't posted or read in a while! I remember where a lot of you ladies where six months ago, and am impressed with the progress :-)
We made it through BS2 a month or so ago (my computer died and I didn't have a back-up of Quicken so it's all a bit fuzzy).
My only financial goal for 2013 is to have 2 months saved in an E-fund and have enough to buy a Roth for me this year.
As of today, was have 16% of our two month E-fund and 0% for my Roth. And DH just got the notice that he will be furloughed this year, so it's going to be tight. I am setting the E-fund goal low so that hopefully we can reach it, and also because that's all I want to live in the accounts we are filling right now. After that I will shift to something that earns more interest.
trekinggirl the 79hrs is a 2 wk total, since in this state most places pay every 2 weeks. I plan on paying off my SL for chistmas figured i needed to pay 270/m to do it. so it is beginning to look doable.
Can I ask for thoughts and prayers that these two tutoring interviews I have go well? It will more than likely be only an hour each/week/kid (50.00 extra a week), but that's 200.00/month to put towards debt and savings. I am still trying to get an online tutoring job, but these would help a lot!
meagan hope your interveiw goes well for you.
It went great, besides Starbucks internet not working . Thankfully I was able to explain to her my ideas and we are having a trial run next week. I just pray it goes well. Next Tuesday I have my second consultation so I am praying it goes a little better!
glad for my emergancy fund yesterday. we went to the store for groceries tire went flat we need to get fix a flat to hold it until we got to walmart to get a new tire so 79 dollars of unexpected expenses.
Good luck eirual!! I am sure you will find a way to make it work, the good news is if your on BS3 that means none of the money is going towards debt!
So Dh has decided he wants to apply for an early out, they are doing away with the language mission he is involved in anyway (Tagalog, he is a linguist in the Army) and have already told us that sometime in the next few years he will either have to switch MOS's or have his contract dissolved...he said he would just rather jump start the process now and get on with our lives. If it's approved he will get out about Nov 2014, so we have about a year and a year and 5 months to get out of debt and save, save, save. Lucky for Dh I am obsessive about numbers so I am in the process of creating us a plan to do just that. When he gets out of school we will have his GI Bill and a PELL grant (which the grant will pay for all his schooling since it's at the Junior college) so we will have some income coming in.
Ugh my mind is just spinning...
Started a June thread - come on over and post there!