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Friday, February 12, 2010

It Can Be Done! Or can it?

Well, here we are in a new residency. The great news is the hubby is loving anesthesia!

The rough stuff is renting out the house we bought in Tennessee for less than the mortgage and paying a property manager out of our pockets.

Mayo pays us just a little more than TN or OK did, Yay! Wait... Boo! Now we just don't qualify for WIC or reduced lunch ... nothing.

The rent here is eating our lunch. 5 people in 916 square feet!!!! I feel the love ya'll. Constantly.

But we have the beach close by... except for the rain and freezing temperatures since November.

I saw a post about deferrals and forbearances. Yea, same thing really. As for 3 of our medical school student loans, Citibank won't give us either one.

Yes, when we took them out, they claimed we wouldn't have to start paying them back until after residency, but SURPRISE!!!!! in the fine print they reserve the right to do whatever they want!

All in all, I am glad he is happy. I try to remember this too shall pass. I am struggling in the moment. It seems harder than it should be. Impossible. My church offering this week overdrew my bank account.

7 Comments:

Elle said...: Ugggh... I am so sorry to hear that you're in such a financial tight spot, and I'm really scared to hear that too. I'm just starting on my medical school journey, but I know that there are so many financial constraints to look forward too... it's scary, and compared to many of my friends who are quickly moving forward in their careers (something I've done for the past 4 years), I'm not ready to push aside my corporate salary and be a student again....

do you have any tips or tricks that you did while in school to budget and save, but not feel deprived?; February 12, 2010 at 10:57 AM
TheFamousStacie said...: We called medical school "loan utopia." You want money??? Here, have as much as you want!!!!

Feast and Famine

Residency is the Famine.

We did everything in our power to save, stash and store during medical school. We lived small.

We paid off our cars.

I saved and stashed food EVERYWHERE. Under beds, under couches, literally every where.

We did not have to buy groceries during internship year, other than perishables. He's a PGY 2 and we are still living off of some of the food.

We took everything we qualified for. Food stamps, tax credits, medicaid, WIC, free lunch at elementary school.

We froze the credit cards. Came out of medical school with no consumer debt. Chad's changing residencies changed all that, unfortunately. It was an expense I could not have planned for.

My biggest mistake was BUYING a house for residency. I wanted to rent, just to make sure he liked it before we committed, but he didn't want to. He wanted to buy a house and I caved. I wish more than anything, that I had not caved and insisted on renting until he was sure he loved the program.

I was right, but it didn't matter. I didn't stand up for it, now I regret that. I have a house that won't sell and renters I really don't enjoy.; February 12, 2010 at 11:17 AM
Mrs. Dawkter said...: I am glad to hear that you DH has already started at a new program and is enjoying it! If he is at the Mayo in MN,one of DH's best friends is applying there for anestesia!

I am so sorry life is so challenging right now but I am so glad to know that at least you DH has found his new specialty and that he is at a great program he likes!; February 12, 2010 at 1:06 PM
Melisa said...: Hi girl! Glad you are back. :o)

I'm sorry. I know it sucks. Too well. And I did the same thing with my church offerings this summer. Yeesh.

I am just counting my blessings we finally found awesome renters. But, I am not a huge fan of buying a house during residency.; February 12, 2010 at 11:15 PM
Ams said...: Oh mannnnn... talk about stress hey? Things will get better... I know that for sure! Thinking of you :); February 15, 2010 at 2:52 PM
Alexandra said...: I'm so sorry to hear that you are having a rough time. We are just about to move into this period of life as well. My husband is changing from OB/Gyn to Family Practice and we will be moving from Michigan back to Oklahoma. Yes, we to bought a home in Michigan, our first home, which makes me very sad.

I am very excited that we are going back to where our family is and that Tom is excited about getting started in June there, but yes it is hard to be packing up to move again. We are praying our house sells quickly and more importantly that we can get our projects wrapped up quickly and get it on the market.

One of the great things about the situation is that we bought a really inexpensive house, so our payments are very small, meaning that we hopefully wont be staying in a tent in my parent's backyard if it doesn't sell right away. We enjoy camping, so that wouldn't be terrible anyway, hehe!

You will be in our prayers and thoughts at this rough time!; February 15, 2010 at 3:15 PM
TheFamousStacie said...: alexandra

I wish you better luck selling your home than we had!!!!
In fact, another PGY2 here in FL still has his house in Jenks, OK! It is rented out though.
If you have parents to stay with for a little while then that puts you in a great position to sell your home. I hope your husband loves his new specialty and YOU for your patience understanding : ); February 15, 2010 at 4:50 PM

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Friday, February 12, 2010

It Can Be Done! Or can it?

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