Adjusting to a single income...

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ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 20, 2013 8:14 AM
I'm paying $730... like an idiot.
Nov 20, 2013 8:14am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 8:29 AM
ernest_t_bass;1539446 wrote:I'm paying $730... like an idiot.
To lease? Damn.

When we had two car payments it was just under $800/month. But that was 0% financing to buy. Once this car is paid off we won't have a car payment for a long, long time. Hopefully never.
Nov 20, 2013 8:29am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 20, 2013 8:38 AM
justincredible;1539452 wrote:To lease? Damn.

When we had two car payments it was just under $800/month. But that was 0% financing to buy. Once this car is paid off we won't have a car payment for a long, long time. Hopefully never.
I plan to buy out at end of the lease(s), which will hopefully lower total PMT. $290 for one, $450 for the other.
Nov 20, 2013 8:38am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 9:10 AM
What do you lease for $450? My truck payment was only a little more than that and I financed the entire thing and it was a $34,000 truck.
Nov 20, 2013 9:10am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 20, 2013 9:18 AM
justincredible;1539477 wrote:What do you lease for $450? My truck payment was only a little more than that and I financed the entire thing and it was a $34,000 truck.
Honda CRV, EX-L. Zero down. High payment with great residual.
Nov 20, 2013 9:18am
M

Manhattan Buckeye

Senior Member

7,566 posts
Nov 20, 2013 9:22 AM
As long as the interest rate is 0-1% you're solidly in the black. If someone offers me that type of interest rate I don't mind financing anything.
Nov 20, 2013 9:22am
Scarlet_Buckeye's avatar

Scarlet_Buckeye

Senior Member

5,264 posts
Nov 20, 2013 10:16 AM
What happened to the whole "homesteading plan"?! I would think your wife doesn't need an "internship" for that...
Nov 20, 2013 10:16am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 10:33 AM
Scarlet_Buckeye;1539519 wrote:What happened to the whole "homesteading plan"?! I would think your wife doesn't need an "internship" for that...
That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
Nov 20, 2013 10:33am
Curly J's avatar

Curly J

Self Pwner in Training.

7,282 posts
Nov 20, 2013 2:18 PM
justincredible;1539535 wrote:That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
Kinda like starting a bulletin board ???
Nov 20, 2013 2:18pm
OSH's avatar

OSH

Kosh B'Gosh

4,145 posts
Nov 20, 2013 3:05 PM
justincredible;1539535 wrote:That is years away. I'm not going to homestead in urban Cincinnati so we kind of need to support ourselves until we move. Also, she plans to work a regular job wherever we end up. I'll be the one doing the actual homesteading. Which will take a few years of transitioning once we finally do decide on our destination and move. It would be pretty stupid to just jump in and do it with no real planning.
Is that "homesteading?" It seems to me like you'd be the stay-at-home dad/husband. Or...your full-time work would be "farming."
Nov 20, 2013 3:05pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 3:11 PM
OSH;1539881 wrote:Is that "homesteading?" It seems to me like you'd be the stay-at-home dad/husband. Or...your full-time work would be "farming."
I want to eventually work my land as my main/only source of income. Call it whatever you want, not sure that the actual label is all that important.
Nov 20, 2013 3:11pm
M

MontyBrunswick

Nov 20, 2013 7:01 PM
justincredible;1539886 wrote:Call it whatever you want
*stupid
*pointless
*18th century

all come to mind
Nov 20, 2013 7:01pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 7:05 PM
dlazz;1539984 wrote:*stupid
*pointless
*18th century

all come to mind
You mean it isn't for everyone? No way!
Nov 20, 2013 7:05pm
R

rydawg5

Senior Member

2,639 posts
Nov 20, 2013 7:05 PM
dlazz;1539984 wrote:*stupid
*pointless
*18th century

all come to mind
not adhering to the "cookie cutter" lifestyle of materialism and narcissism that the social norm mapped out for you?
Nov 20, 2013 7:05pm
M

MontyBrunswick

Nov 20, 2013 7:06 PM
justincredible;1539986 wrote:You mean it isn't for everyone? No way!
More so mean it's for (nearly) nobody.

It's like taking a horse and buggy to work because you're tired of paying for gas.
Nov 20, 2013 7:06pm
C

Con_Alma

Senior Member

12,198 posts
Nov 20, 2013 7:10 PM
Love it Justin. Sounds like you guys have a great handle on things.
Nov 20, 2013 7:10pm
M

MontyBrunswick

Nov 20, 2013 7:17 PM
Con_Alma;1539991 wrote:Love it Justin. Sounds like you guys have a great handle on things.
This alone should be proof that you're not in the right state of thinking, Justin.
Nov 20, 2013 7:17pm
j_crazy's avatar

j_crazy

7 gram rocks. how i roll.

8,372 posts
Nov 20, 2013 9:01 PM
Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
Nov 20, 2013 9:01pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 9:06 PM
j_crazy;1540042 wrote:Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
Yeah, if I made what you did this wouldn't take any adjustment.
Nov 20, 2013 9:06pm
I

I Wear Pants

Senior Member

16,223 posts
Nov 20, 2013 9:17 PM
justincredible;1539886 wrote:I want to eventually work my land as my main/only source of income. Call it whatever you want, not sure that the actual label is all that important.
Do you want to do like a CSA or something?
Nov 20, 2013 9:17pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Nov 20, 2013 9:20 PM
j_crazy;1540042 wrote:Wife worked for about 5 months before preggers so we've been 1income for 5 years. We didn't have to adjust because we are pretty tight and I make bank, son.
Preggars!?

Nov 20, 2013 9:20pm
Trueblue23's avatar

Trueblue23

BASEDgod

7,463 posts
Nov 20, 2013 9:24 PM
I'm really dreading Jessica going back to school, but I'm supportive of it. She's already got a bachelor's degree and wants a PhD, so she's looking into loan forgiveness programs through certain parts of the State of Indiana. I'm not sure how practical it will be, but she wants to continue to work while she goes back to school, but I'm REALLY dreading adding her to my insurance when we get married in April. Luckily my company has started a "Wellness Path" deal where your rates can be cut by 2/3 if you qualify, and we will. A single income will blow, but it will be worth it because she'll be making good money eventually and my salary isn't too shabby.
Nov 20, 2013 9:24pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Nov 20, 2013 9:24 PM
I Wear Pants;1540058 wrote:Do you want to do like a CSA or something?
Yeah, something like that would definitely be an option.
Nov 20, 2013 9:24pm