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Switching to the indefinite budget

February 16th, 2009 at 07:36 pm

My DH turned in his 2 week notice so hopefully no more nightmares and our stress level should go down. This also means (since he doesn't have a firm job offer in hand) that I am switching to cash preservation until he has a new job.

I am actually going to do it in two stages. He has 3 potential contract jobs through headhunters starting March 1 so until that date passes with no job in hand, I will keep contributing to my Roth IRA. If none of those pan out, I will turn the contributions off and switch to a full bare bones budget to keep the debt at a minimum. At that level, we can last indefinitely which is handy in today's economy.

Now you all know why I wanted a cheap mortgage :P

He has a job interview this Wednesday and another one will be probably be scheduled for this week as well (another reason its easier to quit now, employer's get cranky when you start needing multiple days off at the last minute).

I am actually surprised at the number of job openings in his field. You would think that with all the layoffs in the mortgage industry there wouldn't be so many new openings.

I will keep you updated as things occur but I will probably be a bit quieter than usual till I know where we are finally at.

4 Responses to “Switching to the indefinite budget”

  1. cylenchar Says:
    1234813181

    new home mortgages are currently hurting, however, refinancing is booming.

  2. swanson719 Says:
    1234814718

    This is true... we bought a house in August for 6.75%, and refinanced in January for 5.0%. I live in a town of 5,000 people, and there are 200 houses for sale in the city limits. That's not counting the vacant building lots with utilities tapped.

  3. North Georgia Gal Says:
    1234818601

    Sounds like you have it under control. Good for you!!

  4. Ima saver Says:
    1234823264

    I wish him good luck in his job search!!

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