Tuesday, March 17, 2009

Well, there goes that

I got a letter yesterday.

It wasn't a good one.

The mortgage company sent me a nice letter to inform me that they've cut our equity line of credit because the value of our house has gone down. Its fair. Its the right thing to do.

There goes our cushion for the year.

We had about $20,000 left in the equity line, got a pretty hefty tax refund, and really trimmed our expenses. All of that combined with Dave's income gradually increasing every month meant that we felt we had enough cushion/supplement to weather the economy this year - or at least for 9 months anyway.

We always said we would take this Jones thing to the last penny. The last penny just got moved up about 6 months in my estimation... and we don't have a plan B - plan B got laid off a few months ago.

So back to the drawing board with the expenses. We can't really make a budget because we never earn enough to cover the monthly expenses. So we just trim and trim and trim. After this, there is honestly nothing left to trim, except internet and tv. We are cancelling the subscription to the Trib, trying to cut our household/groceries by $200/month, cutting out counseling, cancelling our family vacation for this coming July, cutting out entertaining at our home. Etc. Etc. Etc.

So here we are. In the thick of this economic mess:) I am thankful, though, that Dave has a job and that it is pretty secure. We don't have the threat of unemployment looming at this point. God has provided all of these cushion funds and has remained faithful and for that, I am thankful.

3 comments:

Marissa 10:16 AM  

Money troubles blow. I wish there was more I could say. Trim away, but remember . . . God provides!

Mommy Brain 5:05 PM  

Haven't heard from you in awhile...getting worried. Hope you are doing ok...

Marissa 2:41 PM  

Hey . . . where did you go??

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