Now that the situation appears more dire it's time to reevaluate my finances to see how things will pan out were I to lose my job. Luckily it appears I will be able to ditch my lease once and for all in the coming weeks. So...as soon as the $85 Overdue Utilities are paid out, I will no longer be on the hook for my apartment!
Here is a new look at my fixed expenses:
Student Loans - 446*
Credit Card minimum - 15**
Prescription - 5(?)
Cell phone - 60
Collections - 385***
Total = 911 - are you serious? Yikes! That's worst than realizing I was paying $666 a month in student loans!
*Assuming I go back to paying $40/month for the School Loan instead of the $54 I have been paying instead.
**Excuse my ignorance, but do I have to keep paying this once the balance is paid off?
***260/385 in collections is for student loans but I separated it from the student loan total since you cannot defer a loan in collections.
This does not reflect any contributions towards living expenses (my fiance's mortgage and maintenance fees), groceries, or miscellaneous spending.
Assuming I qualify for full unemployment benefits, I will be making $405 a week on Unemployment, for a total of $1620, which means....I may be able to swing the Emergency Budget without even deferring my student loans!
It's not ideal, I realize, being out of work and not being able to fully contribute to our shared expenses but with $700 remaining I could still contribute to the groceries and have a little pocket change left over.
The only variable is health insurance and I'm still waiting on my meeting with the benefits representative to know what that sucker will run me for. Rumor is we're going to be able to continue on the State's plan for the same contribution we make now...around $100/month.
Forgive my nervous rambling as I await my fate.