We are getting a big return but only because hubbie made 10,000 less this year (BOO) and there is no 401k. We cashed it in last year so we could pay our bills when hubbie got laid off then his new job didn't offer one and when he went back to the old place we couldn't afford to start one up again. It scares me we are only 29 but we really need to have money put aside for when we retire we also cancled hubbies life insurance last year which we need to start back up because his work is dangerous. Our tax lady told us we better start up a 401k before it gets too late. Plus we have to pay state taxes ( not alot but still) because Ca cut the child tax credit from 300 to 100 per kid BOO CA!! at least they haven't talked about sending out IOU's this year. oh well at least we can pay off our medicalbills.
I like that. :)
And I agree. We were in the same situation for over a year. Re-building your financial life after a severe job loss takes time. But, take advantage of what's happening and make the necessary changes to help your future.
Us losing our jobs was the best thing to happen to us. It helped us realize that we couldn't afford NOT to have a large enough savings to support us for an emergency. We also were able to pay off some debts and take care of our home. We're not exactly where we want to be yet, but are getting there. Take this time to start working on the changes you need to make to survive just in case.
Quoting tayanddyl:The storm comes before the rainbow! Your ship will dock soon!
Lucky for us hubie was able to find a job fairly quick the pay was less but at least it was a job now he is back at the place he got laid off from (I see that as a positive thing at least they have enough work to hire guys back) but no where near the hours he was getting 3 years ago it was cool to get our taxes done every year and see that our income was going up every year and now it keeps going down and it's depressing if we didn't have 5 kids and our grandparents here I would pack up and move somewhere living is cheaper but hubbies grandpa is doing bad and my Nana is 85 and I can't leave them
Quoting jcsg:
I like that. :)
And I agree. We were in the same situation for over a year. Re-building your financial life after a severe job loss takes time. But, take advantage of what's happening and make the necessary changes to help your future.
Us losing our jobs was the best thing to happen to us. It helped us realize that we couldn't afford NOT to have a large enough savings to support us for an emergency. We also were able to pay off some debts and take care of our home. We're not exactly where we want to be yet, but are getting there. Take this time to start working on the changes you need to make to survive just in case.
Quoting tayanddyl:
The storm comes before the rainbow! Your ship will dock soon!
Ashley's Husband Made it Home From a Deployment in Iraq - And Then Tragedy Struck
- LCWAmommy
on Feb. 9, 2010 at 1:48 PM