situation 1 :
home is within 9k of being paid for.
we have 10 k in our emergency fund.
no other debt of any kind.
question: should we go ahead and pay for mortgage and be done with it?
No. Your emergency fund is important to keep, especially when you're in transition. Keep plugging away monthly on the mortgage, and wait until things have settled to pay it off.
with my salary there will be a roughly 1000 dollar shortfall in monthly expenses, if you include things like clothing, teeth cleaning, vet bills, cable, cell phones, housekeeper, orkin pest control, etc. he is willing to accept a half time job somewhere like home depot to make up the shortfall.
question: my instinct tells me to cut off the housekeeper, cable, the cell phones and all that is not necessary for life. my friends give me weird faces when i say that. what is your opinion?
These things are the expenses I call "quality of life" expenses. yes, give up the housekeeper. If your husband will be home working on his business, or working part-time, he can take an hour or half-hour a day to keep clutter tidied up. When you get home the two of you can tackle heavier cleaning projects together, and get them done quickly. (My SO and I can transform the kitchen from dirty to spotless in 20 minutes, working together.)
Yes, get rid of the pest control UNLESS you have to buy out the contract. If you have a contract, call and let them know you do not want automatic renewal when it is up.
Those monthly expenses, like dentist, new clothes, vet bills, etc., are what your emergency fund (above) is meant to cover. That's why I suggested you not pay the mortgage off with it. If you have 10K in the fund, look - you've got 10 months of expenses covered while your DH builds his business and/or works part time. Take a reasonable look at what you can postpone or cut out completely. Do you really need new clothes? Can you shop at consignment stores instead? Instead of canceling the cell phone, can you switch to a cheaper plan? Get creative!
i have dropped my 403B contributions to 150 a paycheck for right now. there were at 700 a oaycheck.
queston: should i stop contributions totally for right now until house is paid for? and emergency fund topped out at 10k?
I think you made a wise move here and I wouldn't change a thing. You are still contributing to your retirement, which is important. Though the amount is smaller, you've put a significant amount of free cash back into your budget, which will help you get over the financial hump. I would leave this just as it is, until you feel comfortable increasing it back -- even incrementally -- to the previous levels.