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Archive for February, 2023

Retention Bonus Expired?

February 27th, 2023 at 11:59 am

I don't know if you recall, but about a year ago my medical center signed a 10% retention bonus for my occupation because we kept losing people. We later received a big boost after a salary survey which equates to a little over 16%. We've been able to hire some employees since then so I expect that the retention bonus will lapse this month. This year we also got a 4% annual increase & they are already discussing an 8% increase  for next year. 

The extra money was very nice, but I think I'll be fine without. Of course, I wouldn't turn it down! With it, I've been able to accumulate more than $40k in my cash accounts which is the highest I've ever seen, plus add another $5k to my brokerage account at the end of last year. Now I'd like to give more to church & charities. 

Happy President’s Day!

February 20th, 2023 at 06:55 pm

It's a federal holiday so I'm off. Not really a true long weekend as I worked at my PRN job. I slept in, then got a text from my co-worker a little after 8:30 asking me to call him. He had gone in to work on an annual report & encountered other issues. We spent 45 minutes on the phone going over how to pull reports in our server & other miscellaneous things.

Then I had my cup of coffee and my favorite cheese pastries from Trader Joe's. I tried to make a TJ run yesterday after I got off work, but they had closed early due to a Mardi Gras parade. Speaking of, Happy Lundi Gras as well! 💜💛💚

The only other things on my agenda today is to mop my floors, fold some laundry, and maybe see the new Ant Man movie. 

I contacted Mint & realized why my CD wasn't linking. With Capital One you have to authorize the linking of each account, so when I opened this account it wasn't going to link. Easy fix. Now my accounts will be ready when I do my end of the month assessment.

New Checking Account

February 16th, 2023 at 06:43 am

In my new efforts to make my money work for me, I opened up a new checking account at my credit union. This new account is paying 3.01% APY, dividend rate of 2.97% on balances up to $10k. I haven't closed my original checking account. I will still use my old account for deposits & check writing, but I may eventually migrate it all to the new account. As long as I maintain a $5k balance across all accounts I avoid any fees. That should be easy to do as I currently have close to $12k. I had $15k at the end of last year & moved $5k to my brokerage account. So I have accumulated another $2k in less than 2 months. I will try to keep around $5k and send the overage to my new account periodically where it can make a little interest.

Unexpected Car Repairs 🚘

February 14th, 2023 at 03:26 am

I took my car to the dealership for an oil change after the maintenance light came on at 15%. I try not to delay any scheduled maintenance as I'm hoping my paid off car lasts many more years. 
Of course, my routine oil change turned up more problems including brakes, leaking valve cover, and filters needing replacement (listed from most to least expensive). I opted to take care of them all in addition to the oil change. The cost was $1080.

I don't know much about cars and most likely overpaid, but I prefer to let the dealership take care of my maintenance. This is the first significant repairs that I've had on my 2015 Honda CR-V. At some point they start needing a little more expensive work. I'm at 77k miles. 

But I am blessed that I can handle this unexpected expense without it causing me any worry.

Capital One CD

February 2nd, 2023 at 01:47 pm

Well after finishing my last blog I checked Capital One & saw that they had a 5.00% 11 month CD rate until 3/14/23. I moved $10,000 in and will hold the rest on my 360 savings until I get my sign-up bonus.

January 2023 Net Worth

February 2nd, 2023 at 01:38 pm

Happy Black History Month! The January market was good to us. I'm not at my highest number, but I'm not terribly far off either. I gained $86,805 last month including contributions which were $3,750.

Net Worth $1,221,125

I am reading that we can expect the feds to continue raising interest rates into the late spring/early summer. If Capital One has paid my bonus for opening my 360 savings account by that time, I can move some money into CDs which will hopefully be at their peak rate. Their 360 account seems to be stuck at 3.3% while CD rates continue to rise. I may need to move back to my credit union.

Taxes Done!

February 2nd, 2023 at 01:31 pm

Happy Groundhog Day! What is your prediction? A short or long winter? Winter is a relative term in the Deep South, but I'm definitely okay with longer.

My H&R tax professional (my dad) finished my taxes. I owe $455 federal taxes and $309 state taxes. Not bad at all. I don't foresee my income going down significantly anytime soon and this paycheck I got a very unexpected cash award. I am very blessed indeed.