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Hi all,
Hubby's company is going through some major lay-offs. Per the media it may be "late fall". I'm very glad we have some time to prepare but I am still nervous.
I read the other post and found all hints helpful but I'm wondering if anyone has more financial advice? I have an OOC electric bill (about $130/month for 2 adults) but I've posted and read on here before and can't get it lower. Oil heat & hot water. Live in MA, 2 adults, 2 cats and 2 dogs. We are 31 and 39 (if that matters).
Do you think I should adjust my withholdings and/or 401k contributions and ESPP now or wait and see if dh is picked as part of the lay off? I'm the one who handles the finances and shopping so I'm trying to do what I can do now...
Here's the "easy" things I have done so far:
Cancelled Tivo (-$7) month (but when I called they gave me 4 months free)
Cancelled Netflix ($-16) month
Cancelled dh's Employee stock purchase (3%/month)
Decreased dh's 401k down to 5% (need 5% for company match)
Cancelled dh's Roth IRA (2%/month)
Clipped Coupons and dusted off coupon binder LOL
Rotated/cleaned food/health&beauty&cleaning stockpile
Unplugged everything expect tv’s and clocks
As soon as Entourage is over (2 or 3 weeks) I’ll decrease our cable package. But, it’s cable/internet/house phone for $140/month now. Will probably be able to get it down to about $120/month.
We can get all health/dental/eye insurances plus the pre-tax medical thru my job if he does get laid off as that would be a “qualifying event”.
TIA
Hubby's company is going through some major lay-offs. Per the media it may be "late fall". I'm very glad we have some time to prepare but I am still nervous.
I read the other post and found all hints helpful but I'm wondering if anyone has more financial advice? I have an OOC electric bill (about $130/month for 2 adults) but I've posted and read on here before and can't get it lower. Oil heat & hot water. Live in MA, 2 adults, 2 cats and 2 dogs. We are 31 and 39 (if that matters).
Do you think I should adjust my withholdings and/or 401k contributions and ESPP now or wait and see if dh is picked as part of the lay off? I'm the one who handles the finances and shopping so I'm trying to do what I can do now...
Here's the "easy" things I have done so far:
Cancelled Tivo (-$7) month (but when I called they gave me 4 months free)
Cancelled Netflix ($-16) month
Cancelled dh's Employee stock purchase (3%/month)
Decreased dh's 401k down to 5% (need 5% for company match)
Cancelled dh's Roth IRA (2%/month)
Clipped Coupons and dusted off coupon binder LOL
Rotated/cleaned food/health&beauty&cleaning stockpile
Unplugged everything expect tv’s and clocks
As soon as Entourage is over (2 or 3 weeks) I’ll decrease our cable package. But, it’s cable/internet/house phone for $140/month now. Will probably be able to get it down to about $120/month.
We can get all health/dental/eye insurances plus the pre-tax medical thru my job if he does get laid off as that would be a “qualifying event”.
TIA
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