I live, write, and garden in the PNW with my husband of 28 years, disabled daughter, adult son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!DH's overtime pay hit the account this morning. I transferred $1000 to the Emergency Fund. Usually I nickel and dime my way along, so it was nice to be able to put a large chunk in for a change.
$6115.32 Beginning EF Balance
+1000.00 Amount Added
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$7115.32 Ending EF Balance
$186.68 to go to meet my September goal. My October goal is $7500, which is a month's net earnings. I can't believe I am so close now.
The other bit of big news is that DH has hit the income point for the year when they stop taking out social security. It was actually met on August 30th. So for the last four months of the year we will have bigger paychecks. That will really help with my savings goals.
Projected earnings are $173K unless he gets more overtime this year and of course the Christmas Bonus total will be added to that. If Christmas Bonuses are 10% this year, he will get a check for $17,300 minus taxes. If it is 5%, he will get a check for $8,650 minus taxes. Either way, DD's first year of college will be paid for and we'll be able to use next year's tax refund for something other than saving for college. If something goes wrong with the bonus, the tax refund will still be enough to pay for her first year of college at the local community college.
Two Bits of Big News
September 13th, 2013 at 04:23 pm
September 13th, 2013 at 04:37 pm 1379086657
September 13th, 2013 at 05:10 pm 1379088601
September 13th, 2013 at 05:16 pm 1379088961
September 13th, 2013 at 05:38 pm 1379090332
September 13th, 2013 at 06:11 pm 1379092306
September 13th, 2013 at 06:54 pm 1379094897
September 14th, 2013 at 04:38 am 1379129884