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

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!!!

7 Responses to “It's looking to be a GOOD NEW YEAR so far!”

  1. NJDebbie Says:

    It's looking good indeed! Congratulations.

  2. Petunia 100 Says:

    Yes, your new year is shaping up nicely. What do you intend to do with all of this surplus?

    We're neighbor-ish. My boyfriend lives in Davis and I live in Modesto.

  3. creditcardfree Says:

    Congrats on the income increase!

  4. tripods68 Says:

    Thanks all....

    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.

  5. Homebody Says:

    I live in Humboldt and cannot believe you are getting net raises! Great news though!

  6. Ima saver Says:


  7. Jerry Says:

    That is great about the raises! It seems that there are more of those this year than last year, which leads me to wonder if the recession is ending? I hope so. The economy could use some insurance of a brighter forecast, at this point. Good luck this coming year!

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