You know those moments that you feel like you really can't see where you're going or how to get there? I'm having one of those moments right now. I usually wouldn't post something about our personal finances, but I am.
The bottom line is that Preston's making $1000 less per month from now on than he did for his first year and we were basically making what we spent then. Now, we have an extra child and even after redoing the budget we are spending $850 more than we make EVERY MONTH! I calculated that to mean that if we live off of our savings and loan money (which we wanted to pay off and can since we refinanced) then we'd be running out of money in 14 months. We should be here at least 19 more months. I know the obvious reaction would be "why did you have another kid?" or "didn't you see this coming?" and all I can say is that we did know he'd be making less, but not exactly how much and we also knew that having a baby would add more financial burden. But I'd do that again if I had the choice.
The truth is, we've been slacking on our finances for over a year now! I'm sure it was the adversary sneaking into our lives. We used to be so diligent in tracking every little receipt on a self-designed excel sheet that was very effective for a while. But, just before we moved to Florida our system was becoming less effective for us. Too much busy work. We thought once we moved we'd try and start over and change things how they need to be. Since then, we'll take a look at the statements every now and then, see how much is in the bank, etc. But we haven't been good with budgeting like we used to be. We just mentally track what we think we've spent. And we all know how well that doesn't work. So, I had no clue what this income change would mean. Now that I've sat down to get back into things, I see we're in trouble.
The good news: we know we're where we need to be and that Preston is in the program that he needs to be.
The bad news: we still need money to survive and now need to figure out either a job for me or just living off of student loans (which I know is normal for many of you!).
That's why I feel so in the dark of how everything's going to work. How will we survive until graduation? I don't know. I wish I could see even a little light, but I can't. For now, I just have to have faith that the light will come and that we get to tighten up our spending. I sense more mac and cheese dinners. . . at least it tastes good :)
Again, I don't know why I felt to post about something so personal. Maybe someone knows of a good job opportunity. Maybe its for my own way of getting stress out. Whatever the reason, here it is. We're in trouble. The phrase that comes to mind. . . "Come what may, and love it." A good reminder that there's so much to love about life whatever the circumstances!