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*Updated* Reader Case Study - House Hunting when SO was laid off.

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afuera:
Edit:Thanks for all the help everyone!  Got some face punches and got some great advice.  See edits below :)

I'm 24 and my husband is 26 and we live in Houston, TX.  My husband and I are both engineers and had a pretty healthy savings rate of around 60% while still enjoying plenty of overindulgent spending on bars, trips, random amazon things.  But then, last month my husband was laid off.  Hoping for a little help trimming the fat from our pretty chubby budget.
Trying to follow the "How to Write a Case Study Topic" format.

Life Situation: Married filing jointly (24 and 26), no kids.  Living in Houston, TX (renting).

Gross Salary/Wages: My salary is 95K.  (8000/mo before deductions). 
Husbands salary was around 75K when he was employed but he was in O&G so with this market, not sure when he will find work.

Pre-tax deductions: Total: $862
Dental: $19
Vision: $6.00
401K: $600
HSA: $240

After-tax deductions: Roth 401K: $120

Other Ordinary Income: No other ordinary income
Qualified Dividends & Long Term Capital Gains: I don't think these are significant...?
Rental Income, Actual Expenses, and Depreciation: N/A
Taxes: $783
TX Withholding - $498
TX EE SS - $230
TX EE Medicare - $782

Adjusted Gross Income: $4400/mo
Husband's Unemployment for 6 months: $2000/mo

Current expenses: Total- $2970
Fixed - $1880
Rent - $1265 (Thanks for the tips guys, we will be relocating to a cheaper apartment when our Lease is up 7/1.)
Transportation - $90 (Husband play rugby, a lot of out of town games)
Utilities - $125 (Includes water, trash, insurance paid to the apt. and electricity paid by us separately.)
Car Insurance: $138 (1999 Toyota Corolla, 2013 Mercedes C250-Selling the Mercedes today!!)
Subscriptions: $200 [ $130 to ATT (just switched to Project Fi so that should be closer to $60 soon), $60 for internet, $8 for Netflix).

Flex Spending - $1085
Groceries: $400 (Realized we can make some changes here.  Not first priority but definitely room for improvement.)
Entertainment: $50 (typically 5K registrations, bowling or Topgolf once a month with friends).
Restaurants and Bars: $150 (1st priority to try and spend less.)
Pets and Home: $125 (dog food, cat food, and vet bills mostly)
Alcohol: $125 (Did I mention my husband plays rugby?  This is actually much less than just a year or two ago.) For clarification this is just on alcohol from the liquor stores, mostly 6 packs and nice bottles of whiskey.  I know this is high and we will keep working to bring this down as 2nd priority. (P.S. When I drink wine, I only get box wine)
Unexpected: $150 (Anything from spontaneous adventures, to car repairs, to shoes or clothes replacement)

Saving - $1250 [this number was closer to $4000 every month before my husband lost his job and when he is reemployed (hopefully soon!) this will bump back up]


Assets: ~$105,000
$43,000 in online savings account (earmarked for house down payment).
$3,500 in Roth IRA
$30000 in my 401K
$26000 in SO's 401K (stagnant until he finds another job).
$2500 in HSA

Liabilities: $0 (no debt :))


OK so I think I included everything.  We really only started saving early last year after I discovered MMM.  I really want to retire by the time I'm 35 since I've only been working full time for a year and a half and I'm already sick of it and want to sleep in and chill with my hubby and my pets.  We were on track to be there before my husband was laid off with our ludicrous income level and ludicrous spending and I'm now realizing that I may have to make some more cuts for that to happen, depending on how long I am the sole wage earner for the family.
Let the face slaps commence.  I'm not sure I'm ready but I need them.

PhysicianOnFIRE:
I won't punch any faces.

2 things that stand out are the 2013 Mercedes and the fact that your husband's income is 0.  Does he have unemployment checks coming in?

The restaurant / bar spending of $150 a month sounds frugal enough to me.  For many couples, that's a typical weekend.

You've got a great nest egg started at a young age.  I think the key to continuing on your FIRE path will be for your husband to bring in some income, even if it's not in O & G.  Something is better than nothing.

afuera:
No unemployment coming in yet.  He was laid off 1/25 but i'm letting him take care of submitting claims and all that because I really have no idea.  I know his income won't be 0 indefinitely but I thought it best to be conservative since it could be 2 weeks or 2 years until he finds a job.
We are actually getting ready to sell the Mercedes but were considering a vehicle that isn't very mustashian.  We want to buy a used 2006-2010 Subaru Forester due to the fact that we take frequent road trips with friends and our dog (60lb Airedale Terrier) and we would like our friends to not be trampled in the back seat by our dog.  I know anything other than a small tranny hatchback is frowned upon but the pros outway the cons for us right now.

Another Reader:
How much unemployment does your husband collect and how long will it last?  What industry is your engineering job in and how likely are you to lose that job?

Oil is a highly cyclical industry, and you need to be prepared for a long period of unemployment for your husband, as it does not look like the industry is going to recover soon.  In your shoes, I would start looking at ways to re-home that 2013 Mercedes, as it appears to be paid for and it's worth a fair amount of money.  That's especially true if your job is at risk.  The higher the risk to your job, the faster I would cut all unnecessary spending.

Can your husband apply his engineering degree and skills to any other field?  If he does not want to go through this two or three times in his career, he might want to consider a different field, one he could easily transition into.

Another Reader:
The pros do not outweigh the cons right now.  Unless your husband will be back to work in a few months and your job is safe, you really cannot afford a second car.  Your timing in NOT buying a house is a big help.  Ask some of the folks that went through some of the previous oil busts about all the see through office buildings in Houston and vacant foreclosed houses the last time around.

There are a number of oil and gas people older than you over at early-retirement.org.  Many have been through this scenario more than once.  You might want to ask them what to expect from this downturn and how to handle it.

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