So, here’s the reason I’ve been feeling down in the dumps lately. We made a decision that T would leave his job with nothing lined up (a first for us and an extreme move, yes – a topic for a separate, upcoming post).
That’s put us back to one income. We are definitely not living for today OR saving for tomorrow. Thus = unhappy me.
Rather than run down the street screaming, as I felt like doing at one recent low point, I thought I’d focus on the few things I’m currently grateful for.
(And I’m going to bite the bullet and book in a haircut – I’d been putting it off until he got back to work, but that is just ridiculous considering my haircuts are $30.)
Interest rates are on the rise
I’m currently earning 2.75% in my online savings account with my main bank, and 3.40% in my other savings account with my online-only bank.
When we were searching for a place after returning to NZ, we were a one-income household. Not knowing when T would find work, it was important we live somewhere that I could afford alone. Since he’s been out of work for about half of this year, this has proven a good move, even if this place is like a deep freezer in winter. Low absolute rent also means it will be easier for us to save for a down payment … at some point.
Our rent is going up $20 a week next month, which I’m not happy about, but I’ve already been watching listings and there isn’t a lot of choice out there. We have a fantastic location and while it’s freezing and we don’t have a full kitchen, at least it’s not damp. Summer will be okay here and I think I can survive one more winter. Beyond that, we will either be on track to buying and decide to stick it out a bit longer, or give up on ever buying and fork out for a decent rental (whether agents/landlords will deign to choose us as tenants is the other hurdle, of course).
Being down to one income has meant more or less giving up on saving during this period. Yay for side income, which goes into my higher interest online savings account/mutual funds and stays there.