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!!!!I have never understood why it is that when you sign up with direct deposit with a new job, the first paycheck doesn't get direct deposited. In this day and age especially of quick electronic transactions, it doesn't make sense to me. Back in the day when this sort of thing was new instead of commonplace and they were still working kinks out it was a bit more understandable, but it should not be an issue anymore.
So while DH will get his first paycheck next week, it will be a paper check he will have to mail home. I was expecting that, though, and did not have any plans budget wise until the following week when he will get the second paycheck direct deposited.
It's going to be very weird going back to an income based budget. It has been 9 months living off of savings, the Christmas bonus, and the income tax return. I'm sure I will get back into the groove and be used to it again in no time, but it'll take some adjusting.
Except for automatic payments from the bank account I have been running everything through the credit card and then taking a chunk out of savings at the start of each month and paying it off. Watching the balance on the card made me more careful while savings was dwindling. I hope I maintain some of that carefulness as we go back to the previous method of doing things.
I have a feeling I'm going to want to spend freely when income starts rolling in again, and that is not something I want to have happen. We can't afford to do that if we want to get our goals accomplished, especially a 12 month Emergency Fund.
I'm not sure how fast that will happen, but it was certainly proven to us that $20,000 is not enough for a family of four when there is a prolonged job loss and you have to pay for your own insurance. My ultimate goal there is $72,000. That would give us $6000 per month to live on and pay for insurance. It took 10 years to get it to $20K the first time. I need it to get there sooner than that. It is just going to be hard figuring out how.
In other news, I missed my blogoversary. It was April 9th, 11 years and over 77.6 million hits ago that I started this blog. Seems like forever and just yesterday all at the same time.
I Don't Get It
April 16th, 2017 at 05:16 am
April 16th, 2017 at 11:05 am 1492340721
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April 16th, 2017 at 09:01 pm 1492376485
I don't get it either why in the age of technology we live in, the first check can't be direct deposited either. Weird!
April 17th, 2017 at 02:40 pm 1492440017
April 18th, 2017 at 03:57 am 1492487854