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Happy Monday!

June 22nd, 2015 at 12:37 pm

Hope everyone had a lovely Father's Day! It's a non-event in my house these days, as we all choose to honor my dad differently, but it was a nice Sunday.

Some financial doings over the weekend that I wanted to share!

Mom closed on her refinance on Friday. She is still waiting to see how it all shakes out, but essentially, she is going to take over my car payment for now. Not exactly what I wanted, but she isn't planning on paying anything off in a lump sum, and I certainly am not going to be ungrateful. Might push my timeline back a bit, but I can make it Smile I'm not sure exactly when she is taking over the payment - I've kept 2 additional payments on my budget for now (I pay bi-weekly, so this Friday and July 10th). By then, all the dust should have settled, and she should know her new budget. We do still want to refinance the car to get the rate down, but it needs a bit more principal paydown before that's an option.

Once she officially takes over the payment, I am going to increase my 401k contribution to 8 or 10% (haven't decided which yet, need to run the numbers). I'll also begin attacking the other debt in earnest, starting with tax bills (oh yay), then focusing on debt currently still accruing interest, then moving on to the older things in collections (the damage has been done there, so I don't think a few more months will make much difference one way or the other).

I went ahead and opened the 3rd (and final for now) bank account in my summer of chasing bank bonuses. I did a little research, and they don't seem to have any kind of mobile deposit option, so I wanted to get a jump on it, even though the funding for the account is part of Friday's paycheck. I will mail them a check on Wednesday, and by the time it arrives, I'll have moved money around to cover it. I'm funding this account with $250, which will be the start of my baby e-fund ($500 - which coincidentally is the average balance needed to keep this account fee-free!)

Lastly for today, my company just introduced an ESPP. I was considering it, but decided to opt out for now...I am not yet in a position to start taxable investment accounts. Perhaps during the next enrollment period.

2 Responses to “Happy Monday!”

  1. rob62521 Says:

    Good job on the bank bonus chasing!

  2. VS_ozgirl Says:

    Good luck with the principal pay down on your car!

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