I received the job offer last Friday & filled out the HR paperwork that night. Today, less than a week later, I was handed my sign-on bonus. The manager told me it was probably just the paperwork with my info but no check since I had missed the pay period cut-off, but when I got in my car I opened the envelope & there was a check. So surprised & pleasantly so. I am banking the money until I complete the one year period.
Viewing the 'Personal Finance' Category
I was able to enter my direct deposit information into the IRS website yesterday evening. So now I wait. Tomorrow is pay day & I expect two nice sized checks so that’s something to look forward to. I have already scheduled a $1k payment to one of my credit cards.
I have not received my stimulus check, but my friend did Venmo me my share of the refund for our canceled event. It was about $60 less than what I paid because they apparently charged us a fee for them canceling an event. Go figure. So that was $977.20 deposited into my account today.
I am still awaiting a decision on my claim for the airline tickets. I know airlines are allowing you to rebook within a year, but I purchased travel insurance & would rather have the money. I filed my claim March 11th & I was supposed to hear back within 10-15 business days. I have been patient since I figure they are overwhelmed, but I finally decided to give them a call tonight. I got a voice message that they were closed even though it’s well within the business hours posted on their website. I’ll try again in a few days.
I know everyone is tired of hearing about COVID-19, especially us health care professionals, but it affecting all aspects of life. This week my facility had the first positive patient in our state.
I was supposed to leave for Montreal tomorrow, but that trip (and the event I was traveling for) is now canceled. Also looking very iffy at the moment is my trip to Switzerland booked for May. It may be a blessing in disguise that I can stay home & focus on paying off debt rather than traveling.
I’m down nearly $200k in the market. Sure wish I had been sitting on some cash that I could have dumped in the market.
So through a set of circumstances that my mom is calling divine intervention, almost the entirety of my debt was revealed to her. Of course I was...there is not a word that could accurately describe what I felt. My debt is definitely a source of shame & fear. Not fear in that I can’t pay it, but that it’s a cycle that I’ll never get out of.
So we had a discussion over the phone. She wanted to wait until later to talk since I was at work, but I hate that. When people have something serious to say to me I want to hear it now, not later. Anyway, after the discussion I went in & cut my TSP contributions down to the minimum I needed for my full match. That will put $600 more in my check before taxes. Once I finish paying off my TSP loan in July I’ll have another $250 a paycheck after taxes. Once I pay off my car I’ll have another $150 per paycheck, also after taxes of course. If I suspend my IRA contributions that’s another $500 a month.
I’m going to pull out my Dave Ramsey book & get serious. I may even take the course offered at church. I’m tired of this debt yo-yo & I’m going to nip it in the bud once & for all.
My mom asked me about my travel & will take the next 2 trips that I have scheduled. After that I’m on hiatus. It will be hard to pass up trips with my friends, but I’m so determined to do this. Also, I think my mom is somewhat in shock & I’d like her to not worry. She says that she isn’t, but like me, she’s a worrier by nature.
My investments updated today & I am down more than $100k from recent highs. Oh well, I’m staying the course through all the ups & downs. I sent an IRA contribution in last Friday & I wish that I had sent it in this Friday. But you never know what will happen & can’t time the market.
My dad ran my numbers today at H&R Block & I owe a little less in federal taxes than last year. I owe the state $1 more than last year. I take 0 exemptions. I have already increased my withholding so hopefully I won't owe again next year. I think 2013 was the last year that I got a refund. I'm not sending my check off until the first week in April. I have until May to pay the state, but it's not much.
This is definitely good motivation to get my Facebook Marketplace & eBay sales going!
I think I have everything I need to file my taxes, but I’m in no hurry. I figure I will owe taxes yet again so there’s no rush.
There’s a little job uncertainty at my place of employment. Nothing that will affect me in the short-term & it could change, but it has me thinking of other opportunities. I’m single with no kids, so I have a lot of mobility if need be.
The new salary charts were posted this week. I receive a $2k raise which I’m very grateful for. The raise means not only increased pay, but an increase on my TSP matching. And although it may not mean anything for me, I was happy to see the paid parental leave bill get passed by Congress.
I finally got in touch with Vanguard & she showed me how to correct the issue online. It was very simple. So I was able to recategorize my contribution from 2020 to 2019. I now have $1k to contribute for 2019 & $6k to contribute for 2020. I will send $500 to my 2019 IRA in February & March.
I owe my mom one last payment of $250 for my AC loan. My TSP loan is now below $4k. My car loan will be paid off in the first half of 2021.
I transferred $100 to my savings yesterday & mailed $20 to the local food bank this week.
I received my Clever Fox budget planner this week. I really like it & I’m well into journaling my January budget. I brought my lunch 4 times this week! That’s a record for me.
I forgot to turn off my automatic contributions to my IRA, so I sent my first contribution for 2020 even though I still haven’t fully funded 2019. Whoops. Needless to say, I turned off the automatic funding. I will finish paying my mom back for the AC loan this month & should have the funds to max my 2019 IRA by April 15.
I have decided that 2020 will be the year I learn to live on budget. Honestly, I never tried before. Just spent as I pleased & my credit card debt reflects that. I want to start this decade off being mindful with spending money.
$686,902 Ten Year Investment Growth
I will update this blog as I find other stats to include.
ETA: 2008 was the first year that I maxed out all of my retirement accounts. I always contributed the max to my IRA & in 2008 I was able to do the same for my employer sponsored plans as well. Prior to 2008 I received no employee match, now I receive a 5% match.