Adjusting to a single income...

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rydawg5

Senior Member

2,639 posts
Nov 19, 2013 2:56 PM
The good news is, no one on chatter makes under 150k except me, so you should be fine on 1 income.
Nov 19, 2013 2:56pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 19, 2013 2:56 PM
rydawg5;1538972 wrote:The good news is, no one on chatter makes under 150k except me, so you should be fine on 1 income.
CCRunner teaches gym. Not a chance in hell he makes half that.
Nov 19, 2013 2:56pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 3:13 PM
rydawg5;1538972 wrote:The good news is, no one on chatter makes under 150k except me, so you should be fine on 1 income.
I don't make anything close to that.
Nov 19, 2013 3:13pm
M

MontyBrunswick

Nov 19, 2013 3:14 PM
justincredible;1538995 wrote:I don't make anything close to that.
Not even with the OC bux?
Nov 19, 2013 3:14pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 3:17 PM
dlazz;1538998 wrote:Not even with the OC bux?
LOL. No.
Nov 19, 2013 3:17pm
ohiobucks1's avatar

ohiobucks1

USA American

4,915 posts
Nov 19, 2013 6:02 PM
Can she work nights or weekends? Can you?
Nov 19, 2013 6:02pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 6:24 PM
ohiobucks1;1539095 wrote:Can she work nights or weekends? Can you?
She does some part time work for a previous company she worked for already. She will continue to do that as long as she can and is going to see if there is any way to get more hours. I've got a business venture in the works but I need to get off my ass and start it up already.
Nov 19, 2013 6:24pm
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ohiobucks1

USA American

4,915 posts
Nov 19, 2013 6:31 PM
justincredible;1539105 wrote:She does some part time work for a previous company she worked for already. She will continue to do that as long as she can and is going to see if there is any way to get more hours. I've got a business venture in the works but I need to get off my ass and start it up already.
Get off your ass. In 2 years ill help you incorporate it for free haha
Nov 19, 2013 6:31pm
Pick6's avatar

Pick6

A USA American

14,946 posts
Nov 19, 2013 6:51 PM
when are you going to be a homesteader?
Nov 19, 2013 6:51pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 6:55 PM
Pick6;1539123 wrote:when are you going to be a homesteader?
That's will take many years to fully transition, and won't happen until we move. There is no timetable set.
Nov 19, 2013 6:55pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 19, 2013 7:24 PM
justincredible;1539105 wrote:She does some part time work for a previous company she worked for already. She will continue to do that as long as she can and is going to see if there is any way to get more hours. I've got a business venture in the works but I need to get off my ass and start it up already.
What's her internship? Counseling?
Nov 19, 2013 7:24pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 7:31 PM
ernest_t_bass;1539149 wrote:What's her internship? Counseling?
Yes. College counseling.
Nov 19, 2013 7:31pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 19, 2013 7:37 PM
justincredible;1539158 wrote:Yes. College counseling.
What does a college counselor do?
Nov 19, 2013 7:37pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 19, 2013 7:38 PM
ernest_t_bass;1539167 wrote:What does a college counselor do?
Counsels students on the college admissions process.
Nov 19, 2013 7:38pm
M

MontyBrunswick

Nov 19, 2013 8:03 PM
ernest_t_bass;1539167 wrote:What does a college counselor do?

Nov 19, 2013 8:03pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
Nov 19, 2013 9:12 PM
Sell your 1,000 Barry Larkin cards.

I'll give you $85
Nov 19, 2013 9:12pm
S

sportchampps

Senior Member

7,361 posts
Nov 19, 2013 10:51 PM
Invest everything in bit coins in a couple months you could both retire
Nov 19, 2013 10:51pm
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Nov 19, 2013 11:48 PM
My wife and I are in our late 20's, 2 kids under 3 with another on the way...Both went to college, both had student loans...My wife has pretty much stayed at home (she works 1 day per week) since having our first kid 3 years ago. Even with basically 1 income we have aggressively paid down student loans (1 small loan left), only have 1 car pmt and will be gone next year, and we put money into retirement/ira's/529 plan for the kids.

some things that help:

-basic cable only ($15/mo), internet ($40/mo), Netflix ($10/mo). We spend about $75 in a category where most probably spend $200+. Only thing that stinks is missing some live sport on TV, but I can easily stream them if I really want to.
-cell bills -- mine ($30/mo) hers ($18/mo, still attached to her parents' plan)...We spend $50 where most couples probably spend close to $200
-We rarely eat out, and when we do we usually just grab take-out...This is probably just once per month. I know a lot of people that spend $100-$150/mo easily just on eating out.
-Grocery bill is around $350-$400/mo, we go every 2 weeks...For 2 adults, a 3 year old and a 1 year old...I think this is pretty cheap, but not sure.
Nov 19, 2013 11:48pm
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Nov 20, 2013 12:03 AM
Ironman92;1539275 wrote:Sell your 1,000 Barry Larkin cards.

I'll give you $85
Trying to buy 2 OCs?
Nov 20, 2013 12:03am
Commander of Awesome's avatar

Commander of Awesome

Senior Pwner

23,151 posts
Nov 20, 2013 12:05 AM
I spend ~$60 a week a groceries. $350 for 4 is pretty damn cheap, you buying the dented cans or what?
Nov 20, 2013 12:05am
McFly1955's avatar

McFly1955

Senior Member

1,441 posts
Nov 20, 2013 12:57 AM
Commander of Awesome;1539382 wrote:I spend ~$60 a week a groceries. $350 for 4 is pretty damn cheap, you buying the dented cans or what?
lol...I guess the cost kind of scales the more people you add...If you spend $240/mo on your own, adding a 2nd adult wouldn't really add another 240/mo since a lot of things would be shared or make enough for 2-4 people. The kids eat what we eat, so that makes it easy. I'd say we go twice a month and spend around $175 at the grocery store, and I stop once a week or so at smaller stores/markets to restock on fruits, milk, bread etc, usually about $10-15 per trip.
Nov 20, 2013 12:57am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 20, 2013 8:08 AM
I'm leasing 2 cars... like an idiot.
Nov 20, 2013 8:08am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 8:11 AM
McFly1955;1539376 wrote:-basic cable only ($15/mo), internet ($40/mo), Netflix ($10/mo). We spend about $75 in a category where most probably spend $200+. Only thing that stinks is missing some live sport on TV, but I can easily stream them if I really want to.
-cell bills -- mine ($30/mo) hers ($18/mo, still attached to her parents' plan)...We spend $50 where most couples probably spend close to $200
-We rarely eat out, and when we do we usually just grab take-out...This is probably just once per month. I know a lot of people that spend $100-$150/mo easily just on eating out.
-Grocery bill is around $350-$400/mo, we go every 2 weeks...For 2 adults, a 3 year old and a 1 year old...I think this is pretty cheap, but not sure.
We already pay nothing for television. Internet is $60+, I still need to call them and tell them to lower our rates. It's been raised over $20 since we got it. We don't do netflix but we do get 1/2 price Amazon Prime which is well worth the $40/year.

We do need to cut back on dining out. We've had a few $600+ months recently. This month we're well under $100 so far, though.

We spend about $60/week on groceries now. That number should be cut quite a bit in the spring/summer as I am expanding our garden and we just had half a beef processed on Monday.
Nov 20, 2013 8:11am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 8:13 AM
ernest_t_bass;1539442 wrote:I'm leasing 2 cars... like an idiot.
Another great thing is we've got about $600/month coming off the books in April. Our Fusion will finally be paid off and we will be done with our 12 month financing of our new windows.
Nov 20, 2013 8:13am