Thursday, October 2, 2008

How it's affecting us

This is the post where I just lay it all out there. I suspect that I will probably try to write the bulk of it & break it up. I tend to write a bit of lengthy posts, I've found.

I'm pretty scared. The whole bailout situation has me freaked. I'm reading a lot, but I can't say it's really helping. The first class I ever failed in college was Macroeconomics. But come on, the prof used an overhead projector with the full range of Vis a Vis palette to make his graphs "explaining" (very loose description) the concepts, but he was left handed. I'm left handed. I know better than to try to write with mediums that smear. Bygones. I have read enough to know that there are some major problems with either scenario, the two scenarios being bail out or do nothing. I want to write about how this all applies to us.

As I wrote previously, my husband declared bankruptcy. It's not that we were unable to pay our bills, it was that it would be stupid to. The only reason we could afford to pay for it all is because we are incredibly frugal. We have been trying to get out of Florida for two years & we we're unable to get out of our house without paying money out. Taking our down payment & the lost equity, we have lost $270,000 on this house alone. We are not destitute. We are not whining. We didn't do anything stupid. We are not expecting anyone to help us or bail us out. We are trying to cut our losses & move on.

We have been socking away between 3 & 4k every month, except for the month we went to Oregon. (Let me just say that 10 days without bugs was worth way more to me.) I have been entertaining MiniMe, putting gas in my car, & feeding us, healthfully mind you, on $900 a month. The dealership that Big works at is huge & it boads well for him to work there. As a salesman, last year he made almost 4 times as me with my silly little degree did in any year. He was the highest selling salesman for every month but 2 in 18 months, including last September, when my dad died & he was gone for 10 days. He was promoted to a sales manager last spring & has had the most number of deals as well as holding the highest gross. He took a paycut to be promoted, but it meant he'd have to take his 2 days off a week, unlike when he was a salesman & often worked 10 days nonstop.

In case you didn't read it on the news, auto sales are down to levels that they were in 1993. Last week he had a customer with a credit score of 780, made $200k a year, that couldn't get approved for an $800 payment. Today he was demoted back to sales. In a way, it's okay because he'll be making more money than if he stayed in management. But again, the blood-turnip thing.

Our plan has been for him to stay there because it is good for him to get management experience there. We are living rent free. We wanted to stay here until we got a certain amount of money saved up & then move to wherever we are going to go. We were expecting the longest it would take is two years. We've watched craigslist to see how much we would have to pay for rent if we get kicked out. We've discussed how we should try to get our bank to let us lease back our house instead of moving.

I know I could go back to work, but I need to explain what this means. The school that MiniMe attended up until May was $13k. This is for the school year only, and only until 2:45pm. I tried to find work in Planning here that will let me be done by then & it is not out there. If I went outside of my field I would not make much more than it costs to send her to school. I know, look at other schools. There aren't really any other options out there for us or her. This place is not family oriented in so many ways. We tried another school for 3 months last year & it was pretty disastrous. She had just turned 2 & told us all she wanted for Christmas, in July, was to go back to her old school. This is how I ended up where I am.

I should mention that we have had a huge cloud inside our house all summer long. I had a lumpectomy in June that I regret. I know, my life is sacred, & it is to my husband, too. But the literal shakedown of the various doctors has been alarming. Our insurance is supposedly good & we are up to almost $6k for the outpatient procedure. It is very hard for my Canadian husband to pay these bills. Especially after he has to pay over $500 a month for this insurance. I checked to see if I would have had to wait to have this surgery in Canada. I would have had to wait one day longer than I did here in Florida to have the surgery, unless my doctor felt this was too long, in which case they could schedule it sooner. But I probably wouldn't have had to have the surgery, because they would have done some sort-of more detailed radiology technique that would have shown that it was just breast tissue. Oh, & that would have been free, too.

1 comment:

tiggy said...

That all sounds so scary!
It is bad in Australia too but not nearly as bad as in America.

I would be shaken too, especially if I had all those health bills on top of insurance.