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Archive for December, 2010

It's looking to be a GOOD NEW YEAR so far!

December 10th, 2010 at 01:55 pm

We received a letter from our lender reducing our Adjustable mortgage rate from 5 percent to 3 percent starting in February. Giving us a saving of $290.00 a month for the next 12 months.

Last month, we got a new Union Contract (3 year deal) (signed by the Governor), eliminating our 3-days furlough, in exchanged 3 percent higher contributions towards our Defined Benefit, one-time 12-month 4.62 percent pay reduction with 1-day per month credit (vacation). Our 3 percent pay increase won't be until 2013. The new contract gives me an immediate $206.00 NET PAY increase.

Wife (Registered Nurse) just learned this week, her Employer will be will be giving out pay raises starting in January anywhere from 3 - 8 percent. We are not sure what she will be receiving. Her last raise was 2 years ago.

This month is the last time, we will be paying our son's Music Therapy & Private TUTOR, and Gardening services. This give us a saving of roughly $300 a month. Of course, we may revisit this expenses again in the future.

We estimate our out-going expenses will be reduce by almost $590 a month BUT increasing our household INCOME by roughly $506.00 (low end) as high $679.80 once pay increase is determine.

It's beginning to look like CHRISTMAS!!!