Middle-Class Struggle: A Bird in the Hand......

Monday,  July 11, 2011

Mr. Struggle turned down a job offer today. 

He had three job interviews last week, and the company we liked the least made an offer almost immediately.  Unfortunately, the offer was low, the job was in another city, and there was virtually no relocation assistance.   Add to this mix that we know almost nothing about the company except that it targets low –income clientele, sales are down over last year, and Mr. S was told there was no advancement potential.

Even so, I suggested that Mr. S not reject  the offer out-of-hand, but string the company along with more questions until he saw whether his other interviews panned out, but he was certain he didn’t want to work there and  turned them down cold.   I don’t feel that I have a right to push too much in either direction, since I am not the one who would actually be making the long commute or showing up to work every day.  And of course, I didn’t go to the interview with him, so I don’t really have a feel for the employers or the job, like Mr. S does.  I just hope something better comes along quickly.

We are hoping to hear back from the other two companies and he would much rather work for either of them, as they are larger, better-known entities.  In addition, our assistant pastor has offered his help in networking and seems to have contacts in a lot of places.  Mr. Struggle dropped a copy of his résumé by the church office this morning, before reporting to a job-search boot camp.

We spent the rest of the day revising résumés yet again, and searching for jobs online. 

The phone has been very quiet.   

My Middle-Class Struggle: Survivalist Mode

Friday, July 01, 2011

I can’t believe it has only been a week since I last posted; it seems like a lifetime ago!    It seems Mr. Struggle and I have done nothing but write résumés and fill out job applications.  I feel guilty even taking time out to write this blog post, but then you have to decompress a bit somehow.

I am calming down inside and feel more positive about our situation after working hard to update Mr. Struggle’s résumé and getting several good job leads.  Mr. Struggle is mostly positive, alternating with occasional bouts of anger.  We both wish he had looked harder for a new job months ago and gotten out of there earlier.

I also feel guilty that I haven’t really looked at the checkbook register in a week, which is unusual for me.  I guess it is just too stressful.  There’s not a whole lot I can do, as far as financial planning, until we get some answers to questions like whether Mr. Struggle’s unemployment will be approved and whether our request for additional financial aid will be approved by Struggle, Jr.’s university.  I feel like we’re in financial limbo-land, kind of going through life with blinders on.

We have been extremely careful with the spending this week, only paying bills, buying just a few groceries and some gasoline.  I babysat for a neighbor two days and bought most of the groceries out of that.  I also called my doctor and had a prescription filled for anxiety, after Struggle, Jr. got lost on an out-of-town trip and called home for directions.   Normally I could have handled this, but with everything else going on and in my sleep-deprived state, it just seemed like more than I could take.  The prescription was only $11.99 and can be used for daytime anxiety or at an increased dose for a sleep-aid.  I have only taken half a dose since I filled it five days ago, so I’m feeling a bit foolish for spending the money.  Still, it reassures me to know I have it if needed.  Ironically, I have slept much better  this week.  And that’s a very good thing!

We have started to have some discussions about spending priorities and where we need to make cuts in order to survive on our drastically lowered income.  Of course we can be even more frugal on the food budget, but we have also asked the two older kids to pick up their own car insurance (which I was planning to do anyway, as they each just finished college).  We have decided to suspend the monthly church contribution and we trust that the Lord will understand and forgive.  We cut back the Netflix to the cheapest plan available, and have this earmarked for further reduction if need be later.  Ditto the cable, although it is only $11.42. (We have older television sets that would need a converter box to receive a signal---not sure how much those cost.)  Mr. Struggle and I really don’t watch much TV and could do without, but the kids would be pretty unhappy.

We might decide to sell a car and make do with one, but not sure we wouldn’t take a beating on this deal when we had to buy a new one in a few months, when hopefully both of us will have jobs.  We are in a rural area with no public transportation, so that is not an option, and neither is cutting off our land-line telephone, as our cell phone signal is so weak. (You should see us trying to text---literally out on the front porch, waving the phone in the air, trying to pick up a signal!)  I have gotten several great budget-reduction ideas from a personal finance blog I read: Beyond Dave.

Here are the figures for the past week or so, since I last updated:

Carryover balance: $623.24

Income:                 $1885.74 two weeks pay, Mr. Struggle’s former job

                                    169.52 last week’s part-time check

                                    169.54 this week’s part-time check

                                      80.00 from Ms. S1 (AAA membership* and play tickets**)

                                      30.00 from Ms. S2 (AAA membership)*

Expenses:   $ 85.92 groceries

                        45.12 gasoline

                        17.22 clothing***

                        44.00 car repair (front-end alignment)

                      174.00 car payment

                     162.17 life insurance

                     126.28 home owner’s insurance (bi-monthly)

                     233.00 power bill

                     124.00  AAA (annual dues)

                       40.00 professional license renewal*

                       20.00 cash (pocket money)

Ending Balance: $ 1886.33

Looks like I'm hoarding money, doesn't it?  I had originally planned to pay off the Visa this week, and set the rest aside in savings. The new post-job-loss plan is to hoard cash and make minimum payments on everything until we find jobs.  I'm pretty sure that's what Dave Ramsey recommends in an emergency.

The money from the girls was to pay their share of our AAA policy.  I thought of canceling this altogether, but we all drive older cars and the girls are constantly on the road.  Ms. S2 came back from the beach just last week, and is leaving today to visit friends in the mountains.  Ms. S1 is planning a trip to Canada later this month.  I worry a lot less knowing they have someone to call in case of a breakdown.   Hmmm, does  AAA even extend to Canada?

The play tickets we bought were actually our Christmas present from the kids---tickets to a Broadway musical.  I paid upfront and the kids reimbursed for a portion as their gift to us.  We bought the tickets at a discount booth that sells leftover tickets on the day of the show and got in for about half price.  It was one of the highlights of our recent trip, and I don’t regret it, but yeah, the balance is still sitting on our Visa bill...

The $17.22 clothing entry was for three belts we bought a few days before Mr. Struggle lost his job; otherwise we would have skipped them.  One  was to replace his worn everyday belt, and the other two were cute, decorative belts marked down to $2.00 each, that I bought to save for the girls as Christmas presents.  Mr. S. has been wearing his, so it can’t be returned, and it hardly seems worth the gas to return the other two.       

The $40 license renewal was for my real estate license.  While I haven’t used it for sales in years, it has helped me obtain jobs in public housing, real estate appraisal and property management.  I decided it was a good idea to hold on to it, and worth the renewal fee.

And speaking of work, I’d better stop this and get back to my applications.  Wish me luck!

My Middle-Class Struggle: Job Loss

Friday, June 24, 2011

Okay, take a deep breath.  Calm down.  We’re going to survive this; we really are!

Mr. Struggle was “let go” from his job earlier this week.  “Hard times and all,” they said.  “We found someone to do your job for less money" we translated.   And after six years, only one week’s severance and one week unused vacation time paid.  Oh, and our health insurance was cut off as of his termination date.  Totally disgusting!

I’m trying hard to see the silver lining, and to believe this will all work out to the good.  After all, Mr. S has been unhappy with the company and has been job hunting for some time.  Now, at least, there is a sense of urgency about it.  He has worked the phones and networked diligently all week, and I have never seen anyone fill out so many applications.  We have had lots of support from friends, several of whom have given us leads and referrals. In addition, Mr. Struggle actually had two other company employees quit out of loyalty to him.  In this economy, that is simply astounding!

We, of course, are hoping the business goes under!   Well, we can dream, can’t we?

There is never a good time to take a financial hit, and of course, you don't want to make any major financial decisions when you are reeling from shock.  Still, we did pick up the phone and start the 401K rollover process.  We never liked the limited choices we had in the old plan anyway. 

We received a letter from COBRA today, and are wondering how in the world anyone unemployed can afford to keep insurance under that plan.  What a joke!  It was over $1500 a month for our family plan, with its preposterous $5000 deductible.  We’ll have to shop around quite a bit before we agree to that. 

We went to the unemployment office to file a claim for benefits, and they enrolled us both in a special 12- week job hunting workshop.  We are both supposed to meet with a counselor individually next week for a session on résumé writing and interviewing skills.  In the meantime, they are supposed to contact us with job leads.

Paying the bills yesterday was sheer torture.  You look at the money a lot differently when suddenly your income has an ending date.  I’ll post figures in a day or two; right now I have a few job applications that take priority.