October has been a very good month for our networth!
We were reimbursed for Jordan's dental surgery, received just over $600 for contents insurance from our hail damage claim, Jordan's increased commissions scale have been realized and my mom gave us a financial gift for something fun and sensible (that we have yet to spend, so it's added $1,500 to our networth for now).
Today is also Jordan's pay day....and it looks like I have $650 to play with. Here's where it's going:
$150 to the Escape, bringing the balance down to $3,000 even
$500 for Christmas
I really, really debated putting the whole $650 on the Escape...but that's been part of our...historical problem. I put too much money on one kind of debt, than rack up another kind because I didn't have cash to pay for something we should have . THEN it looks like we're crappy with money, when really I just payed less interest (b/c the Escape has a higher interest rate then the LOC) ...annnd I shouldn't worry about looking like we're crappy with money, but there it is.
So after months, and months, and months of waiting, arguing and sending in letters - we have finally been reimbursed for the last phase of Jordan's dental surgery. A deposit just shy of $1,300 was deposited today and there's a bit of overflow so I have $1,500 to work with.
So...another SMASH on the Escape?
Well yes, but not the whole sum.
We're about to have to pay our $1,000 deductible for our hail claim for the house; and so I've tucked that amount away so we have it handy.
Here's where the $500 is going:
AMEX - $117.89
This is gas & 85 for a new wine kit....that came from my birthday money, not out of the day-to-day or work-horse budget.
Escape - $500
I borrowed a few extra bucks from the day-to-day account to round up the payment
Remaining owing $3,250
annnd Friday is Jordan's pay day; so hopefully I'll be writing to tell you about another big SMASH once we see how big his commission pay is.
I don't usually do a blog post every time I pay debt down - which is just about every pay day - but I think sometimes because I often just tell you where we spend money; maybe you don't know that we pay down significant debt every month.
Today was my pay day; and I just paid:
$94.01 on our Mastercard
This was from my last physio appointment (reimbursable) and Netflix
$98.44 on the AMEX
This was Gas and a small grocery shop
$750 on the Ford Escape
This was because I enjoy paying this off with 'gazelle like intensity'
$574.93 on the LOC (minimum is just over $400/month)
While our focus is on paying the Escape off, we still have minimum payments to make.
$73.55 on the Kia Rio
This was because I like round numbers.
Here's where the non-mortgage debt stands after these payments are processed:
Every year, Jordan and I send Christmas cards to about 65 people. The list started at over 100 (everyone we invited to our wedding three years ago), and has been whittled down over the years from moves/address changes that we weren't told about and from people who don't respond etc. I imagine it will continue to get smaller over the years...but 65 is where it's at now.
This year, instead of buying cards, I'm making them using the crafting supplies that I've had stashed in the basement for way too long. Like so many others, I had briefly hopped on the scrapbooking bandwagon long enough to collect more paper, scissors, stamps and stickers than I know what to do with.
Yesterday we looked at the employer paid benefit premiums that can suck money off your pay cheque without you even realizing it. Today I want to look at some of the other deductions.
$15/month for social club
I'm sure there would be a way out of this if we needed to - but this is money that goes to team lunches, coffee, and other events in the shop. For the fuss it would cause to not pay it (and then to not participate in activities) I won't even ask Jordan look into it.
$35/month for parking
$288.46/month for pension
$150/month purchasing shares at work
I think we would all agree to leave my pension alone - so I'll do that. For parking in my city, $35 is SUPER cheap (some people pay $$$'s). I could look at transit, but the costs in time and money would far exceed the cost for parking. Also, I hate transit.
Then we come to my shares.
If I someday want to become a senior owner of the organisation I will need to have purchased a certain amount of shares. It is a significant part of our culture here to invest in the company. The shares are a good value, and are not publicly traded. I consider this savings as part of our long-term retirement planning/saving.
So...I'm not going to cancel any of these things - but I think it's important to look at every now and again to make sure that you're aware of and comfortable with your employer dedications.