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Overtime Approved

November 23rd, 2014 at 09:17 am

DH finally got the last signature on the over time signed off, so he will get 6 days extra. That should net $3688.

$3688 OT Amount
+2447 Amount Saved
+_500 Amount I should be able to save this pay cycle
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$6635

Monthly expenses come to $6958.75, so I will have a shortage of $323.75. I think I might be able to squeak out more than the $500 listed above. I might be able to squeak out $750, bringing the shortfall to $73.75, but even if I can't, that money can come from the Christmas bonus which should be around $3900 if it is what it has been for the past 2 years.

That means at least $2000 can go to the 401K then. $1000 can go for starting DH's bachelors program, we'll take $150 to have a special dinner out for all four of us at a steak house, make up any shortfall for Dec/Jan loss of paycheck, and then the rest can go into the Emergency Fund, getting me my $10K by the end of the year.

We won't have to touch the Emergency Fund at all assuming the bonus comes through. And if it doesn't, then we'll only need to touch it by a small amount and it will still be over $9K, unless I can find some way of scraping up the extra. And sometimes I can. Maybe I will have enough when I cash out at Pinecone.

I feel like I can relax now. Not too much, I still have to stay on top of things, but I'm not all wound up in knots worrying about losing a good chunk of the EF now. We definitely won't be eating out any time soon and I'll have to pay even closer attention to the food budget and eating out of our food storage, but now that I know we can do it without likely touching the EF, it is my goal.

3 Responses to “Overtime Approved”

  1. Bluebird Says:
    1416753641

    So glad the OT came through and you can meet your goals!

  2. creditcardfree Says:
    1416755303

    That's great news!!

  3. FrugalTexan75 Says:
    1416803412

    What good news!

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