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A financial surprise for us!

August 25th, 2008 at 04:21 pm

Imagine my surprise when I opened my husbandís paycheck last Friday and it was more than double the normal amount! I asked my husband about it and it turns out that he was paid for his PTO (paid time off). Once their PTO reaches a certain level, his employer pays it out to bring it back down to a certain hours level. Well this money couldnít have come at a more opportune time. While I would have liked to save all of it, I used some of it to get caught up with our overspending from last month. We charge almost everything on our MasterCard and ALWAYS pay it off every month, sometimes to the detriment of not saving for other things. Well now that we have this money, I can use some of it to pay our MasterCard bill and then what is left at the end of the month will get transferred to savings. I have already saved our normal amounts, but this transfer will be over and above what we normally save.

I have resumed making internal transfers in Quicken every time we charge something on the credit card. I transfer money from our checking account to a dummy credit card payment account so that when the bill comes due I know that I have the money available to pay the card off and not have to sacrifice our savings transfers. Doin this also allows me to see how much cash we have so that we are spending within our means and not over it.

Some of the checks I wrote last week for school related expenses were sent back home as there was a miscommunication and we really didnít have to pay them. I will need to pay the expenses eventually but for the time being not now.

Our dinner last Friday was picked up by my mom (yay!) but we did get a pizza Saturday night and got Mexican last night to the tune of about $21. We ran a 5k yesterday and then went to the Giants baseball game and everyone was tired by the time we got home. I didnít do so hot last week with cooking and am over budget in our dining out category but the good news is that we have spent MUCH less on dinners out than we spent in prior months. I look at that as progress.

Dinners are planned this week and I have already shopped for them. I am under budget for groceries this month but coming close to meeting the number. I am really going to try to not exceed it this month.

2 Responses to “A financial surprise for us!”

  1. Maismom Says:

    That's nice his employer pays out PTO accrual. Our company doesn't, and we will lose hours over 250 hours. So, it's better for us to take some time off before it hits the limit.

  2. little l Says:

    Yes, it is very nice. We are lucky that his employer provides great benefits and a pension too. Employers like that are hard to find these days. We are counting our blessings for sure.

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