First up, today is guaranteed to be a fantastic day, because I'm meeting my sweet husband for an early birthday celebration. Yeah! :-) The day will be less fun as I have a four hour meeting this afternoon. What a fun way to kick off the weekend, right?
Now, I've been poring over our budget numbers to try and get a better picture on our long range financial goals, & whether our time lines are realistic. And, no matter how many times I crunched the numbers, things just didn't make sense. Additionally, I couldn't figure out how our current monthly budget was working. As background, M's paycheck is direct deposited into his account, with a variety of expenses automatically paid from there. We've talked about having all funds deposited into one account, but after all this time, we've stuck to our old ways. :-)
Anyway, M's switched jobs, we had a variety of random expenses that he was paying, & I could not get the budget numbers (income minus expenses) to add up. . . And, today I figured out why! I made a typo, & all of our budgets - including the 2013 budget & our long-term financial projections - were based on that error. And, we actually have more money than I thought. How often does that happen in life? Never, I think.
Honestly, we've had some very difficult months with the bonus repayment, & the (still pending) tax situation, the refinances, & what an absolutely delightful surprise to find out that I built our entire 2013 budget off of a lower amount? Pretty darn skippy!
We're still making adjustments to our net monthly pay to try & lower our tax payment next year, but I expect the difference to be about $2,000/month. An incredibly sizable amount. And, a pretty good indication that M & I need to correct our shared account situation & get a bit more buttoned up. We'll be using a small amount of the money to add a much needed date night back into the budget, & use the rest to pay down our second mortgage. HAPPY FRIDAY!!!!!!!!!!!!!!!!!!!!!!
What are you looking forward to this weekend?
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