It's quite challenging waiting for our other home to sell while at the same time paying a hefty mortgage in Chicago.
Something quite painful - eats up all of our savings and then costs us a bit extra.
I'm still working out our monthly run rate, with so many one time, move in expenses occuring it's hard to separate the one timers from ongoing. I think we're at a negateive $1300 per month.
The current situation makes it very difficult to:
a. think about future investing plans
b. look positively about future savings
I had been expecting a decent raise this summer, especially after the fantastic performance i had in my current job - a management change seems to have removed that possibility. Substantial raises at our firm seem more realisticly grounded in promotions than performance - frustrating for me.
I've analyzed our reserves and we can go a very long time if we need to do so (at negative $1300 per month) however, it also means that improvements and capital expenditures are put off or minimized. That is also very frustrating. My wife would really like to furnish the house.
One thing for sure, she has a raise contractually scheduled for next September that will cover our hole (after taxes too), however, I'd like to think that we'll have something sooner. I just hope it doesn't require changing jobs.
It seems in the world of big corporations your performance matters less than 'paying your time'. It's very demotivating.
Although we can justify the negative cash flow (as something that's temporary and will see an increase in income to cover it), I hate being in this position.