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Changes in Our Income

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Not too long ago, we did an income switch-up. I went to part-time at my job. My husband got a part-time job that ended up being more like full-time. How did that affect our job income?

It only affected it a little bit.

Since my husband works a minimum wage job and I earn about twice as much at my job – there wasn’t much of a change. It fluctuated some since some weeks I worked more hours and some weeks he worked less. The big thing is that we were pulling in about the same amount of income working more total hours. That is the part that bothers me since it is not an efficient use of time.

On the flip side, since my husband has a fairly recession-proof job, there is a some sense of security. But it still bothers me. Not only because of the more total hours, but because the effect it is having on our family.

We no longer have regular dinners together everyday like we used to. We haven’t been able to go out snowshoeing together at all this winter or even take a trip to the lake. Our family unity is suffering. Not sure how else to put it except to say that it stinks. I don’t like to sound like I am whining about it, but I have to say what I really feel about this arrangement. We’ll deal with it – we used to work opposite shifts way back when, which was even worse. I guess once you have a taste of being able to have time together, you don’t want to go back to not having it.

As for the business, it is still making a profit and it is growing. When I talked about income above, I was not including the business in there. All net income from our jobs and the some of the profit from the business goes to our expenses and towards our debt (I haven’t added to our savings account in a while). Some of the funds from the business have already been used to pay off start-up debt in full and to contribute to the business savings. We are being conservative right now with the money we pay ourselves.

There have been questions about our business and I’ve decided to talk a little bit more about it. I’ll start tomorrow with reviewing a book that was very inspirational.

Credit Card Debt Update: $4,249

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We weren’t able to get our debt under $4K by the end of February, but it looks like it will definitely happen in March. If all goes well, our credit card debt will take a nice hit next month thanks to a tax return and some increased income from our business.

We still have a bit to go, but we are getting closer. The next big milestone for us is the day where our credit card debt equals what we have in our savings. Just knowing that we could pay it off right then and there will feel very nice. At this time, we aren’t planning on doing that. I enjoy having the savings there. That’s not to say we might use some of it to finish off our debt. It all depends on what is happening at the time.