Today was a very difficult day for me. Actually it was difficult for me and my husband as we finally sat down, with calculators, bills, and Quicken to take stock in how our family finances are.
They are bad. No they are the worst they have been in a decade. I am unemployed since August of 2009. My husband who has a great career took an over 30% pay cut. Actually worse than that he went from hourly with getting regular overtime paychecks to salary. Poor man works 60-120 hours a week traveling away from home for weeks at a time and now with no compensation. Both of our health isn't the best as we journey through our fifties and now we are deeply regretting that we have lived on the fringe of our finances
for way to long. We have been ignoring that we have a problem and now the problem is so huge we can no longer do that.
We spent the better part of the day canceling services we can no longer afford, call for quotes on insurance and the like to get better rates. At the end of the day reality is we have to have more income even with cutting out things and being more frugal.
So now is the time for action. Some of my plans are to sell off the fine jewelry I own. I also plan to reopen my daycare business. For once in along time I am on the same page as my spouse and ready to work on changing our financial future.
As always,
Trish
Challenge: Take control of my financial future. Start process of reopening my inhome daycare.
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