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Feeling Squeezed

May 16th, 2007 at 11:35 am


I assume it's just the price of gas and the fact that we now have 7 to feed again for the summer since college is out, but I'm feeling the financial pinch. We just got rid of the credit card debt so you'd think that I'd have some extra money laying around. Not!

I am adding extra to the mortgage payment but that is all coming out of overtime pay.

I think what I need to do is get that EF back up to $1,000 and I'll probably relax a bit. It makes me nervous to not have some money tucked away, just in case.

Posted in Budgeting, Emergency Fund, Paying Off Mortgages | 6 Comments »

6 Responses to “Feeling Squeezed”

  1. campfrugal Says:
    May 16th, 2007 at 01:31 pm 1179318675
    1179318675

    I can totally understand the feeling of being squeezed . My goal is to be completely debt free including my mortgage in 10 years (now 9 years and 7 months) and like you have one in college, one headed to college in a couple years and one entering high school; and inflation just keeps a rising. Stay positive, I am thinking of you.

  2. Ima saver Says:
    May 16th, 2007 at 04:39 pm 1179329993
    1179329993

    I am thinking of you too!

  3. Fern Says:
    May 16th, 2007 at 05:43 pm 1179333832
    1179333832

    I am part of that aspiring to be debt free club too. My only debt is my $80K mortgage, and with my pre-payments, i'm on schedule to have it paid off in 9 years.

    However, i plan to sell the house before that time and buy a condo 100% cash but won't be able to do that until i maybe cut that mortgage in half, anyway.

  4. Aleta Says:
    May 16th, 2007 at 06:02 pm 1179334938
    1179334938

    I remember when my son came home from college. It seemed as if our food bill, electricity, and water was someone's bills. I would suggest a crock pot and cooking maybe chili, spaghetti sauce, and anything else that you like and freeze ahead. I've noticed if I have something like that in the freezer or refrigerator, that it saves me money. I also cook a bean and kale dish in the crock pot that is really good. There are really alot of good recipes out there and by making casserole, you can use less meat. Good luck and hold on. We have all been there and are thinking about you.

  5. LuckyRobin Says:
    May 16th, 2007 at 11:01 pm 1179352893
    1179352893

    Are the ones home from summer contributing to the costs of running the household? Do they have summer jobs? If not they should get them, preferably in a restaurant that gives them a free meal during their shift. They should be able to contribute to the grocery budget and any increase in the power bill at the very least.

  6. rduell Says:
    May 17th, 2007 at 12:29 am 1179358195
    1179358195

    DD has a job (starting next week) and I'm sure DS will have one soon. He's supposed to check back in with the grocery store he worked at last summer.

    We don't ask them to contribute to the finances because both are totally paying their own way through college since we were too strapped while raising all of them to put anything aside for college expenses.

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