Thursday, June 28, 2012

Back to Business

This is a PF let's get back to it.

Within the next week, we will have used all the OT money we had saved.  In the end, it came to $1627!!!  This includes the overtime pay from G-man, and my bonus at work.  Now, we know that G-man's overtime will slow down (having this much in a 3 month period of time is not typical).  Our September number won't be nearly as impressive, and we both know it.

We had just over $1300 saved for Bossy's room, most of which went to ceiling and flooring.  We decided to take a few hundred from the overtime in order to be able to "finish" his room.  I will have the final numbers soon.  And pictures.

The current remainder (once I total Bossy's stuff....this will probably go up) was broken out as such:

$700 - CC
$300 - Dentist
$150 - next saving goal
$75 - new shoes for G-man
$50 - Mysti "whatever"

Total -  $1275

Once I tally Bossy's numbers....whatever is left will go to the Dentist.

Now, I might get slammed for not paying off the dentist as originally planned.  I know some people said it is like owing a person money, and they are a small business.  Well, I talked to them, and they are really ok with it.  Additionally, I get 3 paychecks in some of that will go to the dentist as well.

The retirement loan and car loan are on auto-pilot.  Student loan isn't auto-pilot, but it is just doing its thing.  We are debating which of these three larger debts will be the next on the chopping block.  Retirement loan has a very low interest rate, but paying it back sooner allows for money to gain more interest in the long run.  The car....another low interest loan.  Student loan actually has the highest interest rate (at 3.375%), and it is the one that bothers me the most.  But of the three, the retirement loan is the largest cash hog.

Since I have increased my hours at work, I need to rework the budget.  Additionally, a few standard bills may be changing (oil bill in particular), so it is time for a look-see. 

May and June were spendy months, so I am looking forward to a much calmer July!!!


  1. Hey I say what a deal that your hubby can earn over time. Mine does not nor does he make a livable wage, everything extra comes from me! I hate that. But this is amazing.

  2. You have to do what you feel is right, it's your budget! Ignore the slammers! ;)

    Hope next month is an easy budget month for you! :)

  3. I'm with the girls above! Sometimes OT is good for other things since it isn't going on a credit card! Good for you!!! :)