I may be losing my job soon and I’m preemptively preparing
•Mortgage (incl. taxes/insurance): $2,800~
•Truck payment: $730 (27k left, work paid for it, but now it’s my only vehicle and will now begin paying out of my own pocket)
•PG&E (includes gas): $100~+ annual trueup for solar
•AC financing: $113 (had to get a new unit last year 8k loan)
•Internet: $120(definitely could lower)
•Phone: $212(included financed phones for wife and I)
•Insurance: $215 (Geico cheapest in my area)
•Groceries: $1,200~(varies as always)
•Student loans (you + wife): $400
•Water: $125~
•Trash: $50
Total Monthly: ~$6,065~
Money I have:
35k in 401k
15k in bank
We suffered my wife’s lost job during her pregnancy and we definitely lost a nest egg then. She has been unable to find work since. I also didn’t want her to as I wanted her to be home with our daughter.
In the end, just looking for advice on what avenues we can take to move forward to prepare for soon to be lost job and I’m trying to figure out the bare minimum income if need to survive with myself, my wife, and daughter.