M had his last day on Sunday, which means we need to adjust our budget in two ways - 1) for the drop from his income and 2) for the additional expenses we will need to cover.
Increased expenses:
- Health care. This is, by far, the biggest expenses. We are planning to do COBRA for a few months, as both of us are actively job searching. This will allow us to stay on our existing insurance, as establishing care at new specialists for me takes months. Covering all four of us each month will cost $2950. The state of health care in this country is absolute insanity.
- Internet. The company M worked for provided a monthly internet reimbursement, as he had a hybrid WFH/work in the office role. Monthly cost = $70.
- Cell phone. Similarly, the company M worked for also provided full cell phone coverage. He is now joining our shared Fi plan, which will add another $40 to our monthly plan. (Our total is $160 for the four of us, for unlimited plans, including international. It's actually a really affordable plan for four, although certainly not the cheapest out there.)
- Car charging. We've been charging our electric cars for free at work for years (since we got an electric car). We charged up on Sunday, and will now have to find an affordable place to charge, or install charging at our house. Cost per month increase = ? I'm going with $50/month, but I honestly have no idea. I'll update our budget as we get a more solid estimate.
- There are plenty of other miscellaneous options (portable life insurance, free food & drinks at work, a gym, etc), but we're still working on estimates for all of those.