Wow! I spent the day trying to figure out our finances. I work 60+ hours a week and am pretty tired of hearing from my better half we are broke.
It is a phrase that falls on deaf ears I am ashamed to admit. We have been married for nearly 30 years and all of those years he has claimed we were broke. We were not always broke- but his declarations have come true.
We are upside down in our home- we have two credit cards we use for business expenses that we are no longer keeping paid in full. We have gotten a 15% pay cut over the last 18 months and are sinking quickly.
I’ve tried to handle the finances alone until I threw my hands up in the air back around 2001 and made him take them over. He has done a much better job with them than I was, but now it seems we are back to where we were in 2001- too much outgo with not enough income.
One of our cars will be paid off this year. He told me September but it appears to me to be in December after my research today. Our youngest is moving back to Colorado and plans on living with us for awhile. If she is able to pitch in around $400 a month and we pay off the car- that would free up $800 a month and possibly we could begin to get ahead.
I think I might need to change jobs. The cost of a vehicle is what is eating us up. If I took a nearby job and did not drive 350 miles a day, then our outgo would decrease while our income would be close to the same. I want to do what God has for me to do. I don’t want to go where God doesn’t want me to go.
If I were to return to CNA work in Rifle it would answer alot of issues. I would receive health insurance. The drive to work is less than 5 miles. So my spending of $600 in fuel each month drops to less than $100. Also they have a retirement account that is better than the private sector. So with what I have put away already- then to have theirs should provide a decent retirement.
Mike began receiving his SS retirement this year as well as we surrendered his whole life policy. We were very upset to learn he would only be receiving $297 every quarter from his whole life policy. But as I researched today and realized that he had contributed much less than we remembered, his return is fair. Granted we hoped the return would be much greater, but it is a little over $100 more each quarter than he put in. And he gets that for the rest of his life.
I just always thought once Mike retired we would have won all the financial battles and be on easy street. To look at what we owe, verses what we are receiving today has me wide awake and concerned of how to stop sinking.
We have property and this year I raised hay. I got $448 for the first cut of hay- I had to spend about $100 to get the neighbors tractor running to use. I saved that a paid a neighbor to cut it the second time $200. I’ve not been able to sell that hay yet. I keep posting ads everywhere and need it to sell! We will be cutting one more time but overall will probably see about $500 gross profit for lots and lots of labor.
Maybe we should rent out a room after Adriane gets into her own place. If she helps me get our place ready for a ‘roommate’ then when she isn’t putting in money any more maybe we can share our living space with someone else.
We put the whole place up for sale at the end of June. But for what we owe on it, it makes it nearly impossible to sell it. God can do anything and I am leaving it up to God to lead us and deliver us from this debt! He delivered me from addictions, He loved me before I knew Him~ I trust God will lead us out of this bondage!