07-07-2010, 06:44 AM
Join Date: Mar 2009
SAHMs, I need some help...long
Ok, ladies. Currently we are a two income household barely making ends meet. We are able to save about $600/month, put $50/month in an IRA, $100 in a college fund for my stepson, and the rest is spent on day to day living, which includes $620 daycare and paying off a $2k credit card balance. Well, in October we are moving due to DH signing with the Air Force, so we will be taking a drastic paycut; like half our income. I am trying to make sense of it in my mind, but I'm not sure if I want to put Rei in daycare once we move. I'm also not sure if we can make it as just a one income household and trying it out for the next 3 months isn't an option because we need my income plus his to pay bills.
With DH being military I will need to be mobile every 3-5 years for relocation. Also we plan to have another child in the next 3-5 so that will just add to our COL expenses. I know that will I was on maternity leave we spent less on groceries and eating out because someone was home to cook, so I know we can save money there. Even when combined with saving on daycare expenses and maintaining double baby supply stashes, it does not negate the benefit of having the second income. Currently we are paying for health benefits which we won't be once he is active duty.
I am trying really hard to have the credit card debt eliminated before we move, but it seems like something comes up every month and I use the card, but then don't transfer the money from savings to pay it off. (It hurts to see the savings decrease, especially after we murdered it while out on maternity leave.)
Even if I do decide to go back to work, I will be unemployed until after the first of the year, because I will need to set up our household and get all the paperwork organized while he is in training, not to mention wrangle an almost one year old.
I have been looking at part time work. Since DH is a nurse, once he finishes training (approximately 3 months), he won't be working a typically M-F 8-5 schedule, so that will give me a little leeway in playing with a parttime job.
How do you do it, SAHMs? Any tips on how to make this work, even it is just a temporary thing?
TIA for any wisdom you lay on me. It's causing me a little anxiety which I'm trying to control so that the hubby doesn't become stressed about. No need in both of us worrying about it.
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