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Archive for April, 2021

Pay Day

April 30th, 2021 at 04:57 pm

Today was payday for both The Husband and myself. I felt very flush for all of 30 minutes until I paid all of our bills and parcelled all the money out to where it needed to go!

I have talked about the way we budget in a previous post. With this payday, we put money into several different envelopes: gas, food, car repair, pet, and Christmas.  We also had to pay a car registration this month. We were "behind" on giving to our church. (This is our choice on how much we want to give every year/month and with an extra paycheck this month, we were able to get "caught up". We usually tithe monthly, but had some unexpected expenses come up the last couple months; and we are glad we are able to donate to our church!)

Due to some large expenses we had made over the last six months, our savings was lower than we are comfortable with. We bought a used truck (paid cash) that we then needed to insure. We also bought a new "garage" fridge. Although we paid cash for both items, we took the money out of our savings. We have been building our savings back up. Because of our refinance, we don't have to make a mortgage payment for the month of May. We took our usual mortgage payment and put it into savings, which brought us back up to the threshhold we are comfortable with.

The husband also had about 10 hours of overtime on this paycheck. All the "extra" money went towards debt. We have some monthly subscriptions that get put on our credit card and those were all paid today as well.

We have a couple of checks waiting to clear and payments waiting to process, but when all is really said and done, we will have parcelled out all the money towards one goal or another! 

I'm happy our bills are paid for the month. I'm happy we were able to get our savings back up to the point where we feel comfortable. And I'm happy to put money towards our debt. All in all, it was a productive 30 minutes! Hahaha! I feel a lot like FocusedinmyForties talks about feeling when they pay bills and then they have to wait around for two weeks until the next payday!

Random Update

April 26th, 2021 at 06:45 pm

It’s been a couple of months since my last entry and I feel like a lot has gone on! This is probably going to be a long post!

A big part of the reason that I fell off the face of the blogosphere is because we started back hybrid in my district. First of all, as a teacher, it is EXHAUSTING! It’s been a lot but I finally feel like I am starting to get into a rhythm. My kids went back to school two days a week and sports resumed as well. The Boy plays both football and baseball and this year, they were played in the same season and kids could play two sports concurrently, which is not allowed in a “normal” school year. It has made for a crazy schedule. He had 6 hours of practice or games a day and we were attending anywhere from 2-5 games in a given week. We’ve done really well planning dinners through this time and have only bought fast food once. That was a small win for sure! Along with the football and baseball seasons came some costs: pictures, new baseball bag, and some other small (mostly forgotten at this time) purchases. Nothing was too expensive and we had enough money in our “school” or “kids activities” envelopes to cover any costs.

We did make one very costly purchase for school, however: a letterman jacket. The Boy has talked about getting his letterman jacket since he started high school. He would have gotten it last summer or at the beginning of last school year, but due to Covid he didn’t earn a varsity letter. With playing two varsity sports, he earned it this spring. We ordered his jacket, to the tune of $340!!! Ouch! And that doesn’t count the embroidery on the back. We were lucky enough to have enough money in the school envelope to pay for it and still have some money left over for various expenses, including embroidery when the jacket comes in.

We filed out taxes. We have to pay federal and got a refund from state. We have extra taken out for federal and still have to pay every year! It’s very frustrating! We have decided not to readjust our withholdings, however, because the refund from state offsets what we have to pay.

We refinanced our house. We actually refinanced our house about 18 months ago, but the rates are so low right now that it was worth it for us to do it again. We started the process back in January and we didn’t finalize our loan until the middle of April. It was a long process for no reason in particular. Even though it took a long time, we locked our interest rate in back in January. We are happy with our interest rate of 2.7%. We lowered our monthly payment by $200 a month and took a little over a year off of our loan. Unless rates were to drop considerably (which is very unlikely) I don’t see us refinancing again, but I’m very glad we were able to take advantage of the low rates.

Our high schools have elected not to hold prom this year so I thought that was another thing that kids in general, and The Boy in particular, was going to lose out on; but one of his friends since kindergarten is holding a backyard prom. Formal, catered, with a DJ and a photobooth. I’m happy he gets to have that experience. For him we had to rent a tux, buy a corsage, and pay for the tickets at $50 per person. More money. The churches in our city also got together and are holding a city-wide prom for all high schoolers. Our daughter is a sophomore and we didn’t anticipate her going, but she was asked by a junior to attend… more money. We only had to get her a dress and buy her ticket. (Her date was going to purchase her ticket, but because parents need to sign a waiver, he could only buy one ticker and he offered to give us money for hers, (we declined) which we thought was incredibly sweet!) So far, we have been able to cash flow all of these expenses between our clothes, school, and kids activities envelopes so I’m happy we didn’t add to our debt with them!

I'm sure we have had a lot of other financial news during this time, but these are the things that stick out to me!