2/12 was DW's last day of work. Her last paycheck came a few days later. So we are officially a one-income household again.
I'm really not expecting it to change much on the spending side since we were investing 80% of her salary in her 403b plan (which I have to figure out what to do with). She was actually only bringing home $156/month, and some of that went into savings, too. I think we'll make that up in less gas usage, less clothing costs, more home cooking and more efficient food shopping. And having her happier and more relaxed already is well worth the lost income.
Where we'll take the hit is in our retirement accounts. She was putting $1,250/month into her 403b. No way we can replace that. Also, I may need to trim back what goes into DD's 529. It used to be $225/month but I increased it to $400/month a couple of years ago. I may drop it back a bit but I'm waiting a month or two to see how everything plays out.
Adjusting to one income again
February 21st, 2007 at 05:45 pm
February 21st, 2007 at 07:06 pm 1172084782
Or has the "one doctor office" become a thing of the past in this era of HMOs?
February 21st, 2007 at 07:44 pm 1172087065
February 21st, 2007 at 09:53 pm 1172094797
It's possible to do if you're well-organized and watch expenses, but he has already decided to cut 2 health insurers from his practice becus their reimbursement rates are lower than Medicaire.
February 22nd, 2007 at 02:48 am 1172112533