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!!!
It's looking to be a GOOD NEW YEAR so far!
December 10th, 2010 at 09:55 pm
December 10th, 2010 at 10:10 pm 1292019046
December 11th, 2010 at 12:26 am 1292027211
We're neighbor-ish. My boyfriend lives in Davis and I live in Modesto.
December 11th, 2010 at 01:45 am 1292031953
December 11th, 2010 at 03:07 am 1292036847
We'll didn't really plan on spending extra on anything for next year. We'll probably saved most of it anyway and adding towards our EF; maybe add few more towards our family vacation in the summer.
December 11th, 2010 at 03:14 pm 1292080482
December 11th, 2010 at 09:31 pm 1292103078
December 24th, 2010 at 05:28 pm 1293211699
Jerry