AS got some dollar amounts on the two projects she's been offered: $2300 and $1400. With that, her paychecks are replaced through October, and it's not even September yet!
I'm feeling much more relieved and relaxed and hopeful that this freelancing idea could not only be feasible but maybe lucrative!
(Explanation of replacing paychecks: Even though AS is leaving her job after this week, I've left her take-home pay in the spreadsheet so we know how much freelance income she needs to bring in to stay even. When she gets a freelance job, I can reduce the amount of take-home pay she needs to substitute.)
Our goal for this year is just to stay afloat, which means replacing take-home pay and the cost of funding her own healthcare. Basically $2750 a month.
So she just needs to make $5500 more by Dec. 31! She's decided to shoot for replacing January's income as well this year, since February is when things will really start to loosen up for us. So $8250 more is the goal.
Next year (or sooner if this does turn out to be a lucrative thing) I'm going to start focusing on also replacing the tax and retirement portions of her paycheck. But if she can at least make enough the rest of this year to make up for the regular paycheck she's not getting anymore, it will get us to next year, where things are looking a lot less tight.
A little happy dance
August 20th, 2014 at 03:07 pm
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Is that right? $2750 for one person's health care per month?
August 20th, 2014 at 03:55 pm 1408550108
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August 22nd, 2014 at 03:34 am 1408678475