View Single Post
  #8 (permalink)  
Old 01-16-2007, 08:59 AM
skinnybudget skinnybudget is offline
$ Saving Second Grader
 
Join Date: Jan 2007
Location: Midwest
Posts: 13
Points: 306.50
Donate
Default Re: Building an emergency fund with little income

I'm always trying to figure out how to cut down on our expenses so if anyone has any suggestions that would be great!

Expenses: 1200
Rent 675
Electric 65
Phone 20
Food 300
Gas/Maint 80
Car Ins 20
Household 40

Income: 1200

We live in grad housing and rent includes heat and ethernet. We do have a membership to the YMCA that is 24/mth included in household exp. I try to turn off lights and unplug electronics when not in use and I try to limit driving, but I do drive to the store and playdates. We also go to my parents' about 2 hrs away once a month or so. DH bikes. For entertainment we use the library, go to the Y, and do other outdoor activities-weather permitting. I think I could maybe cut down some on food? We thought about getting rid of the car but I think it would be too depressing!

I know what we need is more income but I haven't found anything yet that would not require at least a little child care and not require me to stand the whole time (one bad knee). DH could look for a weekend job but to be honest I think it would be a strain on our family life. He works on his school stuff pretty much whenever he's not working and it's a huge priority to us for him to graduate, hopefully in May! He already has a lot of student loans from undergrad/grad so I don't like to take out more but I thought that it was an option.

Thanks for all the help, any advice would be great!
Reply With Quote