Archive

Adjusting to a single income...

  • ernest_t_bass
    I'm paying $730... like an idiot.
  • justincredible
    ernest_t_bass;1539446 wrote:I'm paying $730... like an idiot.
    To lease? Damn.

    When we had two car payments it was just under $800/month. But that was 0% financing to buy. Once this car is paid off we won't have a car payment for a long, long time. Hopefully never.
  • ernest_t_bass
    justincredible;1539452 wrote:To lease? Damn.

    When we had two car payments it was just under $800/month. But that was 0% financing to buy. Once this car is paid off we won't have a car payment for a long, long time. Hopefully never.
    I plan to buy out at end of the lease(s), which will hopefully lower total PMT. $290 for one, $450 for the other.
  • justincredible
    What do you lease for $450? My truck payment was only a little more than that and I financed the entire thing and it was a $34,000 truck.
  • ernest_t_bass
    justincredible;1539477 wrote:What do you lease for $450? My truck payment was only a little more than that and I financed the entire thing and it was a $34,000 truck.
    Honda CRV, EX-L. Zero down. High payment with great residual.
  • Manhattan Buckeye
    As long as the interest rate is 0-1% you're solidly in the black. If someone offers me that type of interest rate I don't mind financing anything.
  • Scarlet_Buckeye
    What happened to the whole "homesteading plan"?! I would think your wife doesn't need an "internship" for that...
  • justincredible
    Scarlet_Buckeye;1539519 wrote:What happened to the whole "homesteading plan"?! I would think your wife doesn't need an "internship" for that...
    That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
  • Curly J
    justincredible;1539535 wrote:That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
    Kinda like starting a bulletin board ???
  • OSH
    justincredible;1539535 wrote:That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
    Is that "homesteading?" It seems to me like you'd be the stay-at-home dad/husband. Or...your full-time work would be "farming."
  • justincredible
    OSH;1539881 wrote:Is that "homesteading?" It seems to me like you'd be the stay-at-home dad/husband. Or...your full-time work would be "farming."
    I want to eventually work my land as my main/only source of income. Call it whatever you want, not sure that the actual label is all that important.
  • dlazz
    justincredible;1539886 wrote:Call it whatever you want
    *stupid
    *pointless
    *18th century

    all come to mind
  • justincredible
    dlazz;1539984 wrote:*stupid
    *pointless
    *18th century

    all come to mind
    You mean it isn't for everyone? No way!
  • rydawg5
    dlazz;1539984 wrote:*stupid
    *pointless
    *18th century

    all come to mind
    not adhering to the "cookie cutter" lifestyle of materialism and narcissism that the social norm mapped out for you?
  • dlazz
    justincredible;1539986 wrote:You mean it isn't for everyone? No way!
    More so mean it's for (nearly) nobody.

    It's like taking a horse and buggy to work because you're tired of paying for gas.
  • Con_Alma
    Love it Justin. Sounds like you guys have a great handle on things.
  • dlazz
    Con_Alma;1539991 wrote:Love it Justin. Sounds like you guys have a great handle on things.
    This alone should be proof that you're not in the right state of thinking, Justin.
  • j_crazy
    Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
  • justincredible
    j_crazy;1540042 wrote:Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
    Yeah, if I made what you did this wouldn't take any adjustment.
  • I Wear Pants
    justincredible;1539886 wrote:I want to eventually work my land as my main/only source of income. Call it whatever you want, not sure that the actual label is all that important.
    Do you want to do like a CSA or something?
  • ernest_t_bass
    j_crazy;1540042 wrote:Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
    Preggars!?

  • Trueblue23
    I'm really dreading Jessica going back to school, but I'm supportive of it. She's already got a bachelor's degree and wants a PhD, so she's looking into loan forgiveness programs through certain parts of the State of Indiana. I'm not sure how practical it will be, but she wants to continue to work while she goes back to school, but I'm REALLY dreading adding her to my insurance when we get married in April. Luckily my company has started a "Wellness Path" deal where your rates can be cut by 2/3 if you qualify, and we will. A single income will blow, but it will be worth it because she'll be making good money eventually and my salary isn't too shabby.
  • justincredible
    I Wear Pants;1540058 wrote:Do you want to do like a CSA or something?
    Yeah, something like that would definitely be an option.