Club SAHM

[SAHM Chew]

Canvas:

SAHM Chew:

Ladies, what is your darkest moment as a SAHM?


I am facing my darkest moment now. My DH had decided to quit his high paying job and soon we will be unemployed with 3 young boys. And high expenses to maintain.

No new job at the moment and we have to tap into our savings.

I hope you are feeling a little better today. I can imagine the stress and uncertainties that you are going through because I had gone through my darkest period 9 years ago and it was excruciating.

I am hoping that you and your DH will find a good solution soon.

Thanks
I did feel better today, after catching a movie with DH yesterday. There is nothing much I can do except to be a supporting role.
Today, I am busy with 2 kids doing E-learning... :skeptical:

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SAHM Chew:

Thanks
I did feel better today, after catching a movie with DH yesterday. There is nothing much I can do except to be a supporting role.
Today, I am busy with 2 kids doing E-learning... :skeptical:

I am sure your husband would appreciate your support.

My personal experience, must 敢敢 cut expenses. Some might seem to be a need at the point of cutting, but the fact is they aren't.

You are now at a busy junction, once you have cross the road, you would be fine. :rahrah:

[SAHM Chew]

路人甲:

SAHM Chew:

Thanks
I did feel better today, after catching a movie with DH yesterday. There is nothing much I can do except to be a supporting role.
Today, I am busy with 2 kids doing E-learning... :skeptical:

I am sure your husband would appreciate your support.

My personal experience, must 敢敢 cut expenses. Some might seem to be a need at the point of cutting, but the fact is they aren't.

You are now at a busy junction, once you have cross the road, you would be fine. :rahrah:

Thanks

Actually, we have been living very simply. No branded goods, no atas toys for my kids, nothing much to cut. As I mentioned, the most expensive are IRAS, car, ins and tuition. In term of food wise, the most we can cut down on eating out and stayed at home to eat.

IRAS and car need to pay for another one year. Total of around $34k.

Insurance hard to cut and I don't want to pay high interest for not paying the premiums.

We shld hv lesser expenses after apr 2014. 1 yr to tahan.

[KSmom8]

SAHM chew :hugs:


My darkest time was about 9 years ago, we had to do without DH's income for almost 1 year. Had to deal with DH's emotional well being ( I was so worried he'd become depressed or suicidal ) plus there was a high risk of bankruptcy. Fortunately, that was before I became a SAHM, so we still had my income to cover the expenses. Also had to cut back on expenses and save because of the uncertainty. It was emotional draining, had to be the highly supportive DW, plus put up a front for DS. I didn't want DS to worry or let it affect him.

[KSmom8]

TheAnswer:

Ladies, how many months of reserves do you think we should set aside? I mean in terms of liquid cash.

I think this depends on the individual's comfort level. I believe the recommended level is at least 6 months, on the assumption that one can find another job within the 6 months.

[wonderm]

KSmom8:

TheAnswer:

Ladies, how many months of reserves do you think we should set aside? I mean in terms of liquid cash.

I think this depends on the individual's comfort level. I believe the recommended level is at least 6 months.

As a single income family, my comfort level is very low... so the liquid assets including cash is v much higher than 6 months.

Yes, the recommended level is 6 months of expenses. Personally, I also find it too low.

[Harlequin]

wonderm:

KSmom8:

[quote=\"TheAnswer\"]Ladies, how many months of reserves do you think we should set aside? I mean in terms of liquid cash.

I think this depends on the individual's comfort level. I believe the recommended level is at least 6 months.

As a single income family, my comfort level is very low... so the liquid assets including cash is v much higher than 6 months.

Yes, the recommended level is 6 months of expenses. Personally, I also find it too low.[/quote]I think the comfortable level is cash reserves of 6 months for each of the family member. A typical family of 2 adults 2 kids, should set aside cash reserves of 4 x 6 months of the total family expenses, better still if can achieve 4 x 6 months of salary as cash reserves.

[SAHM Chew]

KSmom8:

TheAnswer:

Ladies, how many months of reserves do you think we should set aside? I mean in terms of liquid cash.

I think this depends on the individual's comfort level. I believe the recommended level is at least 6 months, on the assumption that one can find another job within the 6 months.

I would rather say at least 1 yr if high income earner. At least 2 yrs if there is only one income.

We have been saving aggressively since DH is the sole income. Our savings can last 3 yrs if we maintain our current lifestyle. But despite this, I am still worried.

Worried about the uncertainty. Worried about that we could not save back the money that we have used since that is meant for retirement.

[Harlequin]

SAHM Chew:

KSmom8:

[quote=\"TheAnswer\"]Ladies, how many months of reserves do you think we should set aside? I mean in terms of liquid cash.

I think this depends on the individual's comfort level. I believe the recommended level is at least 6 months, on the assumption that one can find another job within the 6 months.

I would rather say at least 1 yr if high income earner. At least 2 yrs if there is only one income.

We have been saving aggressively since DH is the sole income. Our savings can last 3 yrs if we maintain our current lifestyle. But despite this, I am still worried.

Worried about the uncertainty. Worried about that we could not save back the money that we have used since that is meant for retirement. [/quote]3 yrs of cash reserves is already very well done... Don't stress yourself okie :hugs: most important is to take care and support your hubby. Best wishes.

[KSmom8]

buds:

....and of course the occasional rants about big bosses and the work.. or the ppl he had to deal with as to which i would let him @$$ #&!* till he got them all out. :stompfeet: :rant: :frustrated: because this kind of thing if don't let out very terok wan.. he's a more relaxed daddy when he can let it all out. I must think of my kids.

Wise advice.

Recently, I was very busy with dinner and all, and didn't pay attention to DH's rants ... Plus, perhaps I really wasn't in the mood :oops: .... During dinner, DH started to pick and nag on DS1, then DS1 picked on DS2.... :yikes: