Yesterday I needed to do a review of "The plan" should unemployment befall on DH (the sole breadwinner). In talking with him, he did say he was convinced that my father would hire him on (cash under the table) to do whatever he could (probably stuff like painting the inside of his closets and organizing his files, etc). That was a nice reminder that we wouldn't be high and dry.
DH did say that since we've been dealing with the slow play tenant, he has noticed that I am much more deliberate on what we spend, and we've incorporated free and low-expense fun that everyone enjoys (bike rides, swimming at the Y - though we pay for that - and going to the library). I immediately felt reassured that should something happen to our primary source of income, we'd be OK and that the quality of life wouldn't be altered drastically.
We also decided that we'd take two $50 bills at the start of each month and stash it. One $50 for Christmas/Holiday season and one for small EF - we just paid $100 for a blown tire ($80 was the cheapest we could get for the minivan and then $20 to install/balance etc). Makes sense to me ...
The tenant paid the $100 she owed from Friday (there was some confusion on her part whether she was paying $825 or $725, but DH is holding her to her written payment plan. And he reviewed her plan (returned a copy to her with her receipt) and she stated she will pay $1,000 next Friday. We'll see about that ... I'm betting she'll pay the $725, but maybe not as she knows her time with us in contingent upon maintaining the payment schedule. Anyhow, I am $100 further ahead.
And my mom is paying DH $50 to watch her dog overnight. And MIL sent DH a belated $100 check for his birthday (which was in May), so the car fund will have a balance of $4,250 as of 8/1.
Also we're expecting more for DH's second job from my father on 8/2 - I wasn't tracking expenses very well, but that will be another $250 profit which we'll just put in the EF for now.
Analyzing the numbers does help bring clarity to the worry, at least for me it does.
Dribs and drabs in ...
July 28th, 2010 at 02:13 pm
July 28th, 2010 at 02:57 pm 1280329043
July 28th, 2010 at 06:12 pm 1280340774
July 30th, 2010 at 03:29 pm 1280503755
Jerry