My fiance and I are going from both our incomes to just his when I start NS in September. With being incredibly busy from there on out, before hand, I would love to work out how we are going to do this. NS will already be an incredibly stressful time and I don't want to add the burden of cutting our monthly income in half...but yeah, no real choice. Has anyone else had to do this? Any tips? Suggestions? We are already working on paying off all our credit card debt and working on a budget. Thanks!
Mar 20, '12
First. This is a fiance, not a spouse. Get it in writing. Make legal all the things you talk about doing together. We all have seen relationships that do not survive schooling. I am not forcasting that for you. I just want you to be protected as well as your partner being protected should anything happen.
I take it there are no children involved. Keep it that way. Don't put an unexpected bundle of joy in the midst of this.
Could you find a part time job to help out? There are jobs that might not be too stressful, there are even jobs where you can read if it is quiet. Think night work at a hotel, perhaps.
Nothing is easy, school included. Good that you are thinking ahead. Best wishes.
Mar 23, '12
I worked full time the first part of LPN school, then worked 32 hours/week then rest of the time, so I don't have any advice except to agree to a pp's view that you should get it in writing. You can get loans and grants to have extra money as well.
Working and school was not fun, especially with a 13 and 14 yr old and a hubby, but it was doable and I survived!! But we needed my income, even if it was only 2/3 of what I made before school. That is why I worked...
Best wishes and have fun!
Mar 24, '12
I was just today thinking of starting a thread like this! I'm in a similar situation. My solutions so far:
Start (re)visiting the outlet stores for clothes shopping.
Set your thermostat lower/higher than you'd usually. Close vents in unused rooms.
Run your dishwasher and washer/dryer at night.
Rethink your cable package and your cell phone plan.
Go back to the old college habit of pregaming before you hit the bar. Nurse one or two drinks there.
Apply for scholarships.
Cancel your gym membership and go the gym at your school.
Buy cheaper gifts for everyone than you normally would. They should understand, it's only for 2 years. Something homemade is even better. Maybe bake them a cake!
No highlights/coloring, cheap haircuts. Depends on what kind of lifestyle you live but I should also mention to skip the waxing, mani/pedi, and fake tans.
Sell your old unused gold while it's still going for good prices. You can get a couple hundred out of that.
If your parents are around:
Buy in bulk, store excess at your parents' house.
Cook in bulk and rotate nights with your parents. Cook more in general.
Mar 26, '12
I didn't have cable or a cell phone through my entire 4 year degree. I got used to it. I watched a lot of movies, which was more entertaining than the usual tv, and my land line only cost 35 dollars a month.
Mar 29, '12
It's really simple. Very hard, but simple.
Income = expenditure.
Eliminate what you can't afford.
Because I didn't follow the above, it took me 10 years to crawl out from under the credit card debt we accumulated over the course of 3 years.