- Monday - No spend day
- Tuesday
- Costco - $124.80 on groceries
- $1.67 on a box of popsicles (recommended by the dentist to help N feel when the numbing agent wore off)
- $13.92 - Panera for lunch out with N. He was a complete trooper during his surgery, so we went out for a soft lunch (aka macaroni & cheese/yogurt)
- $16.41 - I bought myself a new sweater at Loft.
- $22.43 - bribery gift for N for his awesome behavior during the surgery. He didn't even cry!
- $162.50 - dentist
- Wednesday:
- $60 - lunch with M
- $8 - tip for free car wash/vacuum
- $100 - we purchased a $100 gift card to one of our favorite restaurants, as they were having a promotion where you received an extra $25. We met for drinks & used some of the $100 on Wednesday, but will keep the rest for another occasion.
- Thursday:
- $15 on various snacks for the kids. I packed lunches & snacks, but during various potty stops on the way to Thanksgiving, we bought things. Our Thanksgiving meal is at 2:00, which is a hard time for kids. It's way past lunch, so we had to feed them ahead of time, and the adults don't do dinner - one big meal. I'll have to remember to pack the kids several extra things next time.
- Friday:
- $180.71 - clothes for the kids for the vacation house. They now have pajamas, pants, gloves, hats, etc. We should be all set for the next year or so.
- $25 - gift certificate for Bath & Body Works. (I get gas rebates on gift cards & we need soap & candles for the house).
- $100 - Christmas gift
- $5 - Starbucks for breakfast.
- $61.72 - groceries
- $39.99 - shearling boots for me (Costco). Not sure if I'm keeping them or not.
- $192.45 - Costco household items. This includes: Sonicare toothbrushes for me/N, a headset splitter for the car for the kids, trash bags, & light bulbs.
- $9.99 - Christmas wrapping paper at Costco.
- Saturday:
- $34.93 - gas
- Sunday:
- $1.15 - protein smoothie at the gym
- $24 - used the childcare at the gym to get in a workout.
And, in big, huge, amazing news - M just found out that he is receiving a huge bonus this year! Last year, due to a bunch of reorganizations at work, he lost out on his commission for the year, which is typically 65% or so of his salary. While we budget based on our his base salary + mine, he's received his bonus every year he's worked, so it was a very unpleasant surprise. We spend the bonus on extras, fun stuff, house projects, traveling, etc, so we trimmed to a much more basic budget when that happened.
Anyway, M received an $80,000 after tax bonus this week, so to say we're excited would be a colossal understatement. We're not sure where all of it's going, but here's the tentative plan
- $35,000 - M's 401K loan payoff. Paying this off means our only debt will once again be our mortgages, which will make me very happy.
- $5,000 - family trip to Hawaii over spring break
- $5,000 - boys college fund
- $35,000 - savings for new car. We know we'll be replacing a car soon, as M's is over 10 years old, so we want to be prepared.
Wow that's a lot of money I think how you're spending it is good.
ReplyDeleteHow exciting! If I had received an $80,000 bonus I would have to throw up with excitement first. :)
ReplyDeleteI think you did a great job distributing the money. A lot of savings and a little bit of fun.
That sounds like a good way to divide the bonus! While we were working our way out of consumer debt we would normally divide bonuses/commissions by 3 ways: Debt reduction, Savings, and Fun. Today, if we received an unexpected $80k, we'd probably put 75% to savings (retirement/college) and 25% to home improvements and/or travel. Large bonuses are a great way to end the year -- Congratulations! I'm sure he worked hard for it!
ReplyDeleteThanks guys! It is super exciting, and M worked incredibly hard, so it's nice to see his hard work pay off.
ReplyDeleteNow I need to figure out how to find airfare for 4 to Hawaii that won't break the bank. So far, it will eat up the majority of the $5K, so I need to find a deal!
OMG, an $80,000 bonus?? It takes me 1.75 years to make that as my main income. WOW.
ReplyDeleteWay to go for allocating it wisely! If I got an 80K windfall, I'd pay off my car loan (10K), use about 15K for a kitchen/bathroom remodel, 5-10K in the travel fund! and save the rest :-)
Good luck with booking your plane tickets!
Wow... That's an amazing "bonus"!! Congrats! I think the way you allocated the money is perfect! :)
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