I'm absolutely panicked right now and have no idea what I'm going to do or who else to tell
We bought this house last July. We didn't overspend and budgeted everything down to the last penny just to make sure we weren't buying over our heads. Everything was great...
... and then this year, like everyone else in Florida, my homeowner's insurance doubled for no reason. I never made a claim... nothing. It's just all the insurance companies having a heart attack after Katrina (even tho they apparently have record profits for the past few years... sheesh) Anyway, so now I have to come up with extra money for this. I budgeted for an increase, but didn't budget that much - there was no precedent for it increasing that much, so I had no idea.
... and then my taxes are going up... not by the standard 3% per year house cap... since I only get half an exemption this year, it's going up another $1000 or more. Great.
And while all of this worried me... I figured I had 6 months until my mortgage company was going to want the extra escrow... so I had time to plan for this... except I just got an email from my boss asking me to come in on Wednesday, and I just have a gut feeling that she is going to lay me off.
The company has no money, and I understand that. Everyone has been taking off unpaid days off for the past few months just to cut down on costs.. which left me $300 short last month... but I was willing to do it to help people out. Now I'm pretty sure I'll be losing my job on wednesday... this poses a few problems...
1. Can't pay the bills with no paycheck
2. I make more money than DH and his salary won't cover it
3. My job is ridiculously specialized and jobs in my field are currently non-existant.
4. If I switch industries, there is no way I'm going to get paid what I'm currently being paid.
5.If I do take a lower paying job, where is the money for the extra taxes/insurance going to come from?
So I don't know what the heck to do. I'm in an absolute panic over this.... and right now I can't see any light at the end of the tunnel. I want to... but oy! This is just so scary!
Ok, I'm done venting now
Sorry... I just needed to get it off my chest....
We bought this house last July. We didn't overspend and budgeted everything down to the last penny just to make sure we weren't buying over our heads. Everything was great...
... and then this year, like everyone else in Florida, my homeowner's insurance doubled for no reason. I never made a claim... nothing. It's just all the insurance companies having a heart attack after Katrina (even tho they apparently have record profits for the past few years... sheesh) Anyway, so now I have to come up with extra money for this. I budgeted for an increase, but didn't budget that much - there was no precedent for it increasing that much, so I had no idea.
... and then my taxes are going up... not by the standard 3% per year house cap... since I only get half an exemption this year, it's going up another $1000 or more. Great.
And while all of this worried me... I figured I had 6 months until my mortgage company was going to want the extra escrow... so I had time to plan for this... except I just got an email from my boss asking me to come in on Wednesday, and I just have a gut feeling that she is going to lay me off.
The company has no money, and I understand that. Everyone has been taking off unpaid days off for the past few months just to cut down on costs.. which left me $300 short last month... but I was willing to do it to help people out. Now I'm pretty sure I'll be losing my job on wednesday... this poses a few problems...
1. Can't pay the bills with no paycheck
2. I make more money than DH and his salary won't cover it
3. My job is ridiculously specialized and jobs in my field are currently non-existant.
4. If I switch industries, there is no way I'm going to get paid what I'm currently being paid.
5.If I do take a lower paying job, where is the money for the extra taxes/insurance going to come from?
So I don't know what the heck to do. I'm in an absolute panic over this.... and right now I can't see any light at the end of the tunnel. I want to... but oy! This is just so scary!
Ok, I'm done venting now