I'm having a heck of a day, & trying to stay positive. I have a monster cold, and last night, we got some terrible financial news.
Backing up a bit, I've been working super hard trimming our 2013 expenses, & focusing on using my bonus that I saved from September to cover our income variances. Short back story - our monthly spending is higher than our fixed monthly income, but my bonus (that I get one time/year) makes up the difference. The key, of course, is to get a year ahead, save the bonus, & use it to offset the cash flow difference each month. For the first time ever, I didn't get all excited & use my bonus to pay off debt (well, I did do some of that, but kept enough in reserve). I kept enough for our taxes, (always more than $10K), and enough to offset our monthly overage for one year. I have been SO excited about this, & feeling so responsible about our pre-planning.
Last night, we got a letter from M's previous employer. M works in sales, & his pay structure is complicated. When he left his employer in April (& switched to another company), he received verbal confirmation from his manager that he would owe under $1K in a repayment of a previous bonus payout, based on the status of those accounts. Well, that person was wildly wrong. Like, way wrong. They've since been fired, & we owe $16K. Due in two weeks.
I'm not going to pretend like I didn't have a good cry last night. I know we're blessed, I know that we can do this, & I know that we have plenty of budget messiness & "exuberance" (i.e. overspending) that needs to be cleaned up. I'm trying to keep in mind that we never really had that money. But, it's a pretty crushing blow.
I wrote the check this morning, & sent it off. I need it out of my sight. So, all of my money that I saved (plus some money we were saving for a remodel)? It's gone. In one fell swoop. We also need to restate & refile our 2011 taxes. Oh joy. Doesn't that sound like a great time? We'll likely get back $2k maybe on that, since our income is going down. But, I'm sure that will take some time.
In in the interim, I need to figure out how to cut $1,000 out of our monthly expenses. Immediately.
Because I hate depressing posts, here's a fun picture we used for our holiday cards three years ago. Look at those cute boys!
If you have any fun or positive news, please share it!