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First Money In, 2012

January 8th, 2012 at 10:47 am

I was looking at my checking account balance, and looking forward to my first paycheck of the new year, when I realized it will be a 10 day paycheck. Bleah! January will be a little tighter than I had thought. Thankfully, the second paycheck of the new year will be a 12 day paycheck.

I received an email from Geico that my next car insurance policy is available for my viewing pleasure. I logged on and was very pleased to note that the price has dropped approximately $100! Yay. I can't complain much about that.

I am getting ready to get J off to his dad's, his first day back to school tomorrow, and myself off to work. Last year, I racked up 78.25 hours of OT. This year, I expect to rack up more as my responsibilities keep snowballing. (At times, I find this frustrating.) Last year, between OT pay and my bonus, I cleared 4k (just barely). I have my income tax refund on the horizon too. It is time to begin considering how best to use this extra 6k - 7k. I will give $300 to J (his annual "allowance"). But other than that, every cent of it will go to some savings account, retirement account, or debt. My task is to slice it up wisely. I must send a minimum of $1800 off to my Roth, as that is the shortfall between my budgeted monthly contribution and my planned minimum annual contribution.

So I suppose I am thinking:

$1900 CurveBall
1800 Roth
1000 Traditional
700 Vacation
300 Mortgage
300 J
-----
$6000 Total

I "borrowed" $700 from Vacation a few months back, and would like to repay it.

BTW, J tucks his allowance into his mutual fund account and his savings account. What a good kid. Wink


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