General Goals 1) to be debt free in 3.5 years 2) save lots of money

Thursday, March 10, 2011

bi-Weekly Finances/Funds and New Developments at Work

As I write this post I am watching the very first episodes of Till Deb Do Us Part. It my guilty pleasure and its now free on :D

I have mentioned that my March budget had hit several different bumps and we are only about 1/3 through the month. The first one was the reality check of my income which is $1,027.08 not what I thought/budgeted. The second reality check came when I finally got my enrolment into my company stock started. The first thing was I didn't know the amount came off the gross income and not the net. This reduced by take home pay and also affected my budget. The other thing is that I didn't have a place in my budget for this added category -I can hear Gail saying 'HELLO'- and she would be right. So the next question is what category do I 'steal' from to cover this unbudgeted expense. I have decided to take it out of my car fund. However I will be adjusting my stock contribution from 10% to 6% as I still get the most out of the fund with my company's contribution but will not completely affect my budget. In an attempt to try and reduce the damage on my car fund goals last night I decided to snowflake the $18.37 left over into my car fund. This brings my fund to $2631.77.

As for work, my DPTM is going through restricting. What this means is that I will be refocusing my skill sets and required to get my insurance licence before June 6th other wise "we will be reevaluating your continued employment in your current role" or so the letter says.  So that means its back to bank school to get my licence. I will explain the rest in more detail in a later post.  Without any further delay here is my budget:
                                                                         Amount: $1,052.79
                                                      After stock taken off: $956.96

Line of credit: $300
OSAP: $200
Visa: $25
Retirement Fund: $25
Emergency Fund: $25
Christmas Fund: $40
Storage unit: $85
Vet bills fund: $50
Cat Food Fund: $20
Cell phone: $50
Car Fund: $61.96
Spending money: $75

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