My Debt Blog

We’re almost through this month of August and I think the money is going to get tight. Pretty much what my wife made for the summer has also been used as regular income. She is going into student teaching now and they (her teachers, advisors, etc) suggest that she not try to work while doing this. It is going to be almost like an unpaid internship where the gain is learning experience. I’m a little bit frustrated because we were having problems before, but now we’re going to have some serious problems if the spending isn’t controlled next month.

Priorities need to really be taken into consideration next month and the months that follow. I have that 1k sitting in an EF for emergencies, not for other things. There are two tires on my car I’m not sure how long they will last but will need to be replaced here soon. I am trying to plan $100 a tire for this month and next month so there will be some money there to fix that situation. What is going to be difficult next month until November or December is not running to the EF to fix a problem.

The other solution is for me to work more to make up for what my wife used to bring in. I can get a second job in my sleep, but the reason for a second job must be justified first. In the meantime I am going to resort to a pastime of doing website design/maintenance services that I did in high school and college. These jobs are small and random as I find them on Craigslist and knock them out quickly because I know what I’m doing.

I don’t think there’s going to be much in the terms of debt repayment for the next few months other than just holding the ship steady. The only positive thing right now is my wife is in her final stage for her masters degree. After that it means no more borrowing money for school through student loans. We could finally put an end to both of us using credit cards for any reason. I hope she lands a job quickly when she is done so that the household income bumps way up over what it has always been. My income has gone up over the two year period I have worked and expect it to increase even more. This time next year we should be on a better path to really focus on getting rid of debt.

My plastic pinch update will be coming shortly.

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