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Archive for April, 2011

First Post in a Year - Update

April 27th, 2011 at 11:59 am

Wow, so much has changed and happened in the last year. I have completely neglected this blog, but, happily, things are settling down now and we're in a better place. It's funny to read my last post and see how things have changed.

I did start the Census job and on my first day of work (after the initial training), my husband was laid off. This was a complete surprise and I am so grateful that the Lord had blessed us with the Census job! My husband received a severance which when combined with my Census pay, saw us through three months of unemployment and a cross-country move so my husband could begin a new job. In those three months, our family really grew a lot. I learned that my husband was struggling with a drug addiction and he participated in an intensive out-patient rehab program. This was such a blessing and he's still doing great!

The new job was a huge cut in pay, about 40%, but once you took in the fact that we moved from a state that did not have income tax to a state that collects state and local income tax, we saw a reduction of about 60% in our take home pay! We also had moved to a higher cost of living area. We had to rely on overtime (UGH) and I started watching a baby during the week since I'm home with my children anyway. The babysitting provides an extra $800/month.

Last month my husband found a new job, just down the street from his old employment (no need for us to move!) and has been there just over a week now. He loves it and it pays a much better salary. It will still be tight, but if we stay on point with our budget, we should be just fine. What a relief!! We are both so happy.

Overall, things are going better for us financially too. We are still having to talk through things, but we are on the same page so much more and there are NO SURPRISES anymore, which is just so huge. Smile

We talked to a credit counseling agency after we were laid off and started that in the summer of 2010. We were set up on a 5 year plan, but we are about 3 months ahead of schedule right now (if I am calculating correctly), so I think we will actually finish in 4 years. Yeah! We are paying $724 a month, so this will be HUGE once we are done.

I will have to post a financial update later with real numbers, but have thought of this blog and community several times over the past year, thinking I should update it. I have always received such good support here.

I am happy to report that things seem to be on the up and up and we have finally started to slowly edge our way up and out of this hole. I started a savings account this past summer that is connected to my checking account. Every time I use debit or pay a bill online (I never carry cash, so I do use debit a lot), it transfers $1.00 into the account. We have over $500 in that account and although it's the first line of defense as an overdraft for the checking account, we have only had to use it once (a mistake on my part, not because we were out of money!)! This is so exciting to me to have an actual EF. My husband didn't realize I had set it up for the first 6 months or so, but was very happy when I told him about it and he regards it as a fund we will NOT touch unless it's a true emergency.

Anyway, now that we have changed jobs, we are having to deal with figuring out the new insurances, COBRA in the meantime, rolling retirement funds, etc.

Other planning ahead includes a new car (one is about to die!) and we are having a new baby (also a surprise, but a pleasant one!) in August. Quite the update, but a good one for a change...so happy! I look forward to "catching up" with all of your blogs too.