We got laid off…
Рет қаралды 5,915
11 ай бұрынHey all, it’s been a while and our debt-free journey took a sharp turn. The consumer debt is back, student loan repayment is coming back, and we just feel backwards overall. The husband got laid off which means we are about to become a 0 income household. Our life feels chaotic and we’re just trying to dig ourselves out of this mess and figure out how to survive.
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#debtfreejourney #debtfree #payingoffdebt #creditcarddebt #studentloandebt #theunsavvybudgeter #techlayoffs #laidoff #noincome
@daisy_naples 11 ай бұрын
I’m so happy to see you back but sad for the bad news. But you will be ok. I’m sure your husband will find a better job and God will provide. Blessings for you both 🙏🏻💕♥️🙏🏻
@TheUnsavvyBudgeter 11 ай бұрын
It’s been so hard to get back into KZfaq. It feels like I’m starting all over again and don’t know how to do this. Your comment helped with my anxiety of posting this video. It’s so nice to hear that you’ve stuck around. This is the positivity and support I came for! Thank you for your blessings, we need all we can get. ❤️🥰
@_youurstrully_ 11 ай бұрын
That car loan 🤯 definitely look into downgrading in car.
@sfab5039 11 ай бұрын
Thanks for sharing. Unfortunately I was also laid off this week. Definitely hurts but we will come out of this on top!
@TheUnsavvyBudgeter 11 ай бұрын
I’m sorry you were affected too. Wishing you the best of luck on your job search. Hopefully my videos help in a small way. And definitely don’t feel defeated because we all will get through this.
@loveandjoy810 11 ай бұрын
Things happen. My husband got laid off early in our marriage. It’s hustle mode season. I know you can do it. I would also really make a plan to not go back into debt once you are done with this debt. Just keep swimming.
@TheUnsavvyBudgeter 11 ай бұрын
It's a lonely feeling thinking no one else is going through this until someone like you shares it. I appreciate your support and I admit it's been a struggle staying out of debt. I need to find ways to motivate myself to not dip back into it.
@HP-rp5nn 11 ай бұрын
The background music is making me sleepy. Good luck with finding a new job! Positive energy
@TheUnsavvyBudgeter 11 ай бұрын
LOL! That is all my husband’s doing. I told him the music sounded a bit dramatic and made me think of those commercials that say “for $5 a month you can provide food and water to these stray animals".
@singleparentfire2363 11 ай бұрын
Glad to see you back! KZfaq fatigue is real so totally understand why you took a break. I’m hoping you and hubby find roles soon, the good news is that tech is not going anywhere so it’s still a great industry to be in.
@TheUnsavvyBudgeter 11 ай бұрын
You’re so right! Slowly trying to get back into the groove of things here in the KZfaq community. Thank you for the comforting words, I’ve been trying to not fall into panic mode.
@Angela-kr8cx 11 ай бұрын
Awful news, but I think it's important to recognize how far you have come! I'm sure you'll make it through and am glad you have built up your skillset to help with that. ❤❤ take care of yourself
@TheUnsavvyBudgeter 11 ай бұрын
Thank you for this! I’m a tough critic to myself. I do admire what we’ve accomplished so far and I think this current phase in our lives will only make us stronger when we get out of it.
@ACCOMPLISHEDSHEIS 11 ай бұрын
Never quit your job unless you have another job or income lined up. Even if you hate your job, stick it out until you get let go. Let me say that living off your savings really sucks.
@sugarbabies3 11 ай бұрын
So sorry to hear about the layoff! I know you both will get through it and I’m excited to see you back and to follow along on your debt free journey
@TheUnsavvyBudgeter 11 ай бұрын
Thank you, it's definitely a test on our strength and we are determined to turn things around. It always warms my heart to see that some of the community is still here and hasn't given up on me.
@carmellabrown3335 11 ай бұрын
Wishing you both well! Good luck with everything.
@TheUnsavvyBudgeter 11 ай бұрын
Thank you so much!
@amys5669 10 ай бұрын
Sorry about the layoffs. Debt isn't that bad if you get rid of the car. Might have to trade it for something less expensive.
@TheUnsavvyBudgeter 10 ай бұрын
Thanks for watching! The car is definitely something to consider if things don't get better.
@parler8698 11 ай бұрын
I appreciate your transparency.
@TheUnsavvyBudgeter 11 ай бұрын
I figured it’s the best way to be helpful to those in similar situations and it’s the best way for the community to help me. Appreciate all the support here! 🥰
@ResilientFighter 10 ай бұрын
I love your channel and your importance and your documentation of your journey. It is really inspirational and educational. Cannot thank you enough for the content and for sharing your journey and learnings. Keep it up! Good people help other good people. I think your positive karma will come and help you out in the future. Happy to help however I can.
@TheUnsavvyBudgeter 10 ай бұрын
Wow this is such great feedback to receive and it really cheered me up on a tough day. Thank you for watching and supporting. I hope that good news will come soon, but for now we're working on being patient and accepting whatever small wins we get these days.
@kori8455 11 ай бұрын
Glad to see you back, but sad that you aren’t doing better than the last time you posted! I’m here for your comeback!
@TheUnsavvyBudgeter 11 ай бұрын
Thank you for staying! I have a lot to learn still and hoping this time around I'll have better news to share.
@ayela562 11 ай бұрын
I say this with both urgency and kindness , that is a gigantic car loan. Get rid of it. I imagine the amount that would put back into your budget would help a great deal. Finance something small. Cars are luxury items and a total money sink. Even financing something small and basic would make much more sense. I can’t imagine pausing retirement, which is your future, but not getting rid of the almost $50,000 car.
@kelly4618 11 ай бұрын
That's a shocking number for a car loan! 😮
@TheUnsavvyBudgeter 11 ай бұрын
Thank you, it's definitely something for us to consider.
@zillashimmy 11 ай бұрын
I too was a bit shocked at that number. Falling off the wagon for me started by getting my paid off car side swiped and totaled. Since I’d hit probably 4 deer with it after moving to the country and being pulled from the ditch too many times to count, I knew I needed 4 wheel drive, living and commuting in Wisconsin. After insurance on my Sonic, my Jeep loan is 19k which I plan on refinancing someday when rates drop (if that ever happens).
@zillashimmy 11 ай бұрын
Me too girl. We'll get there :) PB and J for lunch for the next 2 wks for me!
@TheUnsavvyBudgeter 11 ай бұрын
Looks like we’re on a similar diet 😄. I have cereal and instant noodles on rotation.
@debt_free_by_53 11 ай бұрын
Good morning- I’m sorry to hear you’re struggling with jobs. I just stirred my debt free Valocity journey (and KZfaq channel). ❤ I subscribed 🎉
@TheUnsavvyBudgeter 11 ай бұрын
Congratulations on joining the debt free group and for starting KZfaq! You’ve got this and I look forward to following along and cheering for you on your journey. ❤️❤️❤️
@krystalanderson1125 11 ай бұрын
Freelance work for both of you!!! Tech skills are in high demand. Enjoy the journey...even the rough patches.
@TheUnsavvyBudgeter 11 ай бұрын
Freelance is something I've been seriously considering. Any advice to give a hesitant partner?
@khanhcao3123 10 ай бұрын
Tech skills are not in high demand. Many layoffs techs can't even find a job and moving back home with parents. Good luck to everyone.
@TheUnsavvyBudgeter 10 ай бұрын
@@khanhcao3123 sure feels that way right now. Hoping we all manage to get through this tough time.
@rebeccaoliver7977 11 ай бұрын
I can't relate at all. I went and listened to your, "Why I Quit My Six-Figure Tech Job" before posting. You were paid well and with that, someone isn't patting you on the back every moment. With some basic discipline, you could have paid off all your debt and owned a house free and clear. You really sound pretty lazy. Consider the salary your husband use to make and only live on that amount once you both have full-time jobs again. You could also have enough socked away for a college fund for your own children. Delayed gratification is your friend. NOTHING is as sweet as financial freedom. I was able to quit work permanently in my 50s. I'll never have to work again but I busted my butt for decades. With two good incomes, you could do it as well. Make friends outside of work for your deep friendships. For me, it was with the grind.
@TheUnsavvyBudgeter 11 ай бұрын
Hey Rebecca, thanks for watching my videos. You made some valid points about financial freedom. Our debt free journeys are definitely personal and unique in their own ways. On mine, I admit a lot of mistakes were made along the way, but it’s all part of the growth. It’s a very personal choice to quit and one that I wouldn’t recommend for everyone. I just want to prioritize taking care of my health and start a family. For me that’s priceless. Even after quitting, I still managed to put away $45k towards my goddaughter and her brother’s 529 plan so I wasn’t completely lazy. Kudos to you for an early retirement, it’s definitely not something everyone achieves. It’s something I would’ve wished for my own parents.
@charity7273 11 ай бұрын
Glad to see you back. Oh no, sad to hear about hubby. Completely makes sense to try to increase cashflow by reducing retirement and taxes.
@TheUnsavvyBudgeter 11 ай бұрын
It’s not the financial move we would’ve wanted but it really is helping to ease the stress. Just need the credit card debt gone and that would take a lot of weight off my shoulders. Gotta keep telling myself this is all temporary.
@eSusan12 11 ай бұрын
Nice to see you back. Hubby could qualify for unemployment so be sure to apply for that if he doesn’t get a job before the exit time.
@TheUnsavvyBudgeter 11 ай бұрын
That’s the plan if he doesn’t secure anything by then. Would be a first for us to go through that process.
@MsDonna 11 ай бұрын
that’s a good plan with your husband’s remaining paychecks. and tapping into your network for leads will hopefully help y’all land on your feet soon. driving for Lyft and Amazon Flex got me out of a dire financial situation. if your channel isn’t monetized - ramp up if you have the mental capacity to do so (your video was on my recommended row so this is my first time watching). you’ll get through this!
@TheUnsavvyBudgeter 11 ай бұрын
Thank you for watching and supporting the channel! In times like these I tell myself no work is beneath me and we do what we gotta do to make it through. Your words are encouraging and I’m feeling motivated to keep posting videos here.
@sillyoutcome 11 ай бұрын
First things first, call your student loan provider and asks what are next steps for getting an income-driven repayment plan (IDR). Do what they tell you immediately!!! Hope that helps and good luck!!!
@TheUnsavvyBudgeter 11 ай бұрын
Thanks for the tips!
@SpeakSteph 11 ай бұрын
Sorry to hear about your husband’s impending layoff. Two weeks severance sucks but at least they gave him a 2 months notice. Most folks get a 10 minute Zoom call immediate notice. I’m confused though. Why did you quit your full time job?
@TheUnsavvyBudgeter 11 ай бұрын
Thank you, we are grateful for some time before the cutoff. I know others weren't as lucky at his company. I quit awhile back due to stress and health reasons (fertility and liver issues). Just needed to give myself some TLC. I go more into that in another video if you're curious kzfaq.info/get/bejne/hZ6na6pzqtW8c4E.html. No regrets about it, just regret not managing my money better.
@SpeakSteph 11 ай бұрын
@@TheUnsavvyBudgeter - I totally understand. Health should always be our priority! Wishing you well and I look forward to watching the journey.
@MsLulu-jr4on 11 ай бұрын
I stumbled upon your channel, and I wanted to say this. Regarding student loan forgiveness for everyone, the chance for it to ever happen is extremely slim to none. I do not mean to say this to discourage you or to make you feel worse. But it makes me very sad that so many people have been giving false hope. I hope your situation will get better. Hope you husband will get a job soon. Stay strong you will get through it.
@TheUnsavvyBudgeter 11 ай бұрын
Thank you, I didn’t have much hope with the student loan forgiveness. I did get approved for it and it would’ve been $20k cleared but I felt doubtful from the beginning. Back to a payment plan for us.
@diyteknix 11 ай бұрын
Shoot the off days...the hopeful days... n the inbetween. Alot of people are either going through this or go to sleep at night with the fear of being laid off. So many are desperate for somewhere to go to find hope.Many youtubers record the first video but then dissappear. If you keep at it, You will be surprised to look back n say "who would have thought!!!" In simple terms: don't overthink the content. Your current situation is the story❤ All the best
@TheUnsavvyBudgeter 11 ай бұрын
Hello it me 🙋🏻♀️chronic overthinker here lol. Thank you for calling me out, I needed to hear it. You’re right, we all need support and a community during these tough situations. The focus is to get value out there as quick as possible and not overthink those trending video edits. Appreciate you!
@kittybudget5579 11 ай бұрын
If I was you I would sell the car and get a clunker until your in a better position or put the car to work and start driving for Uber eats or Uber Lyft etc. That might just be what gets you from point a to b
@webbedtrader 11 ай бұрын
New subscriber here ❤❤
@TheUnsavvyBudgeter 11 ай бұрын
Thanks for subbing!
@katherinespence2117 11 ай бұрын
Severance does impact eligibility for unemployment in the state of GA. Your husband should be able to draw the maximum benefit of $365/wk but it may be delayed due to him receiving severance. Call and check into that if he doesn't find another job by October! Does he contribute to an HSA at work via payroll deduction? You can reduce your employee contribution due to emergency situation--talk to HR. Lastly, the new car may have to go. See what it is worth online and sell (private sale because you'll get more) it if you're not underwater on it. Then go down to a one-car family or buy something used for about $12,000 or so. Sorry you have found yourselves in this position. Door Dash, Target, and other places need workers and pay decent. Good luck ❤!
@TheUnsavvyBudgeter 11 ай бұрын
That's good information to know about the severance. Thank you for sharing that knowledge. We did consider reducing our HSA contributions, but my medical bills have been pretty high and that HSA fund has been a big help. We figured it was best to max that out for as long as we can.
@kimthebudgetslayer 11 ай бұрын
🙏🏾🙏🏾🙏🏾
@ResourcesWithMarie 11 ай бұрын
Oh noooo I have some work from home videos maybe you can find an IT job I don't know if this helps. I hope you are able to find an income soon. In the meantime, I will subscribe and watch all your videos with commercials to help.
@TheUnsavvyBudgeter 11 ай бұрын
That is so nice of you! I will make my way over to check out those videos. This community always surprises me in the best way.
@marthab255 11 ай бұрын
Why did you quit your job? If you needed the income you should have worked hard so retirement comes fast. Good luck and hopefully you will both get a job.
@TheUnsavvyBudgeter 11 ай бұрын
Hi Martha, thanks for asking. I realized my job was causing a lot of my unhappiness and stress. The money at the time didn't feel necessary and once I saw the toll the stress took on my physical health, it just felt like it was time to prioritize myself and my family. I've been feeling healthier than I have in a long time so I don't have regrets. I just regret not being smarter with my money. Feel free to check out my video where I go more in depth on why I left kzfaq.info/get/bejne/hZ6na6pzqtW8c4E.html. Thanks for watching!
@lifewithlows 7 ай бұрын
I want to know what math went into going into this crazy debt. I only find it logical If it was a medical reason anything other then that Is just keeping up with the joneses. best luck though
@TheUnsavvyBudgeter 6 ай бұрын
There wasn’t much logical reason to it. It was overindulging and not being prepared for large home repair expenses. But it’s another valuable lesson learned and if it wasn’t for this layoff we would’ve kept delaying funding our emergency fund.
@peternorthrup6274 Ай бұрын
Move back in with mommy and daddy.
@Calmly-replied111 11 ай бұрын
😮 Do door dash or anything 🤔 don't be too proud 😢
@EngrDJDebug 8 ай бұрын
well you should have found another job after you quit your tech job, you have a year to get a new job before.
@TheUnsavvyBudgeter 8 ай бұрын
Thanks
@simonty1811 10 ай бұрын
do you need the car?
@TheUnsavvyBudgeter 10 ай бұрын
We don't, but with it being an electric car it has saved us quite a bit on gas. Not enough to beat the monthly payment, but it's something we're considering when there's no other options.
A Life After Layoff
Рет қаралды 1,5 МЛН