How does the old saying go? "When other people lose their jobs, it's a recession; when you lose yours, it's a depression." Things just got depressing in our household. Our sole breadwinner just joined the newly unemployed. His company has been seeking funding for months (a startup), but hasn't secured what they need. In order to remain viable while continuing the funding search, they've had to cut pretty deeply.
Folks who've seen my comments and diaries over the years know that we had a long, nasty patch of dual-unemployment, large COBRA payments, and two kids to feed a few years ago. It left us in a deep debt hole, which we have largely failed to climb out of, but slow, halting, painful progress was being made.
Since every 401k penny was drained last time, and paying down high interest debt takes precedence over investing, we don't have to worry about losing our 401K to COBRA this time out, so that won't be quite as much of a drag... Though, being insurance-free, again, is going to suck.
I lost track of which churches offer free dinner on which nights. I'll have to start asking around. At least we already paid for the CSA, so we'll have plenty of veggies for the summer. We'll be brushing up our barter skills, too.
Read More