Joining late, so I can get a head start before August. Here is our situation:
We moved from OC, CA to Austin TX in May. DH is on terminal leave from the Marine Corps and will get his last full paycheck on August 1st. He is in a 8 month police academy. His academy pay is $700+ every 2 weeks for a family of 4.
I am reallllly nervous because he doesn't graduate until January. He will get supplemental income from the GI Bill and disability from the VA, but I am not sure how long it will take to get that money.
We only have one credit card w/a balance. I was thinking about calling the credit card company and asking them to reduce the interest rate. Or I can transfer the balance to a different card to get 0% APR for 6 months.
We have 2 car payments, but I think the interest is pretty low and his truck will be paid off in December, so then we'll have one car payment. But we just bought a house and the first payment will be due around that time. I don't even want to think about the house payment, which is twice what our apt rent is.
*I am a SAHM, so me getting a job isn't really an option right now. We'd eat up my income in childcare costs.
**We have money in savings, but don't want to touch it unless we absolutely have to.No spending is hard work. You need a plan. Please tell us your game plan -- how do you plan to approach no spending for a month?
A) Eat at home. (DH takes his lunch to work every day and carpools!)
B) Don't shop for recreation. This is HUGE for me. I shop all the time. Big Lots, Tuesday Morning, Target, kids consignment stores. I have a shopping addiction. No lie.
C) Do instead of buy. We have a membership to the zoo and there are plenty of cool parks here to enjoy. Wednesday night is free at the museum, etc.
D) Use what I already have lying around the house. The kids have a ton of good toys (not junk!), games, books, and clothes. I could probably get away with not buying stuff for them until Christmas.
E) I am going to join a food ministry. Pay $25 for a box of food and supplement with additional boxes for $18 each. My biggest expense is food. Going conventional for a while will not kill me. I pay $4.00 for a box a cereal and $5+ for a gallon of organic milk. Insanity.
Please, please, please help me stay on track.