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Rebounding from Very Limited Income
Part of the reason our income was so low was because I launched a new freelance writing career, and my husband was finishing his Ph.D.
Money was VERY tight for both 2010 and 2011, which is part of the reason we now have debt. Honestly, though, another part of the reason we have so much debt is because we weren’t as careful financially as we should have been.
We weren’t as careful as we are being now.
The Future Looks Bright
That time just isn’t here yet.
However, we are getting some breathing room; our tax returns this year will show that we are finally at the median income level.
Living Like No One Else
We’ve learned from our past mistakes, and we’re now not spending money we don’t have. Even though our income has grown, we still have to pay the piper, so to speak.
Since we were so broke before, we put off things. We have an 8.5 year old car with 113,000 miles on it. We put off any non-necessary car repairs for over a year, and now we can’t put them off any longer. We need to find $2,000 to replace the bald tires, change the spark plugs and brakes, and add brake fluid, to name just a few of the repairs.
Our television, that we have had for 12 years, just died. We don’t have the luxury of replacing it right now.
Our blender is a garage sale find that I bought 14 years ago for $3. It is on its last legs, as is our microwave.
Our couch is 9 years old and is definitely no longer as comfortable as it used to be.
Our dining room table, which we bought 13 years ago for $25 at a consignment shop, only seats 4. We have 4 mismatched chairs, and my husband pulls up a folding chair that is missing the back. It fell off a few months ago.
I have recently lost a lot of weight, and I don’t have the luxury of going on a big shopping spree for clothes. Instead, we shopped at Goodwill and spent $50 on clothes that fit my new size.
Finding Power in Living Like No One Else
It’d be easy to be depressed, but instead, we’re encouraged.
Because we’re being smart and conservative with our money now, we know better times are ahead. We’ll happily scrimp now and work on paying down debt. Then, when we’re earning a good salary 3 years from now, we’ll be very comfortable. We’ll probably look back on this time and laugh.
I’m happy to live like no one else right now so later we can live like no one else.
Share your experiences by commenting below!
***Photo courtesy of http://www.flickr.com/photos/irrezolut/5662003627/sizes/m/