3/05/2014

Weekly to BiWeekly

Wowza!  It's been a long time since I've written.

February is a pretty hectic month for me generally speaking.  I spend a lot of time back home with family ( I went three times) and my brother comes in from Eastern Canada for a visit with his girlfriend. I also went to Ontario three times, northern Alberta twice and worked a crap tonne of Overtime for work.  Jordan and I also had houses guests on the weekend when I wasn't in BC.  So...its been busy.

Here's the thing though - I love busy!

My blog doesn't, but I do....

So...that said, on to today's topic.  Since Jordan has started his new job and his salary went from every two weeks (bi-weekly - opposite weeks of me) to bi-monthly (15th and the last of the month), I've been trying to keep up with weekly payments on all of our planned savings, retirement and debts...it was getting a bit much, so we decided to switch everything to bi-weekly and sync things up with my pay schedule because Jordan's salary will fluctuate a lot.

Most were pretty easy to do - all of my ING funds were just a quick switch.  The streetwise funds too slightly more effort to organize, and the Mortgage took some time as well.  

Here's a the before and after snapshots of our Mortgage:
 

Because technically we're now 'short' two payments of $385.11 and we'll pay a bit more interest because of the change - the remaining amortization changed.

The last thing I have to sort out is the payment on our Escape - we fought tooth and nail to get it switched to weekly and things got so messed up when we did that last time BMO took wayyyy more money then they were supposed to and bounced a mortgage payment...so, I'm nervous.  Jordan and I are debating just paying off the Escape with the LOC (and I know, I know, we've talked about doing that before) - I just can't decide.

That's it for now :)





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