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Starting The Month Off Right

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Talk about starting the month off right! March is a 3-paycheck month for me (anyone else?)

In the past, we’ve been able to put the entire extra paycheck toward debt. But right now we’re still in a situation where we’re totally out of money before the month is over, and scrambling to pay bills that are due at the beginning of the next month. We’re still working on budgeting, in general.

It’s very stressful and not very fun. So I decided that with my third paycheck, instead of making extra debt payments, I’d create a bit of a buffer in our budget by pre-paying some of our bills that are due in early April. It may not be the most fun way to spend extra money, but it makes me feel good to be starting off April on the right foot!

I logged into my bank account’s bill pay center and paid for our phone (due 4/1), Citibank credit card (due 4/4), Wells Fargo credit card (due 4/5), and childcare (due 4/10).  I’ve also set a chunk of money aside because I plan to mail a large check to pay the remaining balance of our 2017 property taxes (payment must be post-marked by 5/1, but I’m planning to make the payment on 4/13).

The third paycheck month is coming just at the right time to help create some breathing room in our budget, especially with our property tax payment coming due. Usually, I get a lot of satisfaction out of making those extra debt payments, but I think this time the money is well spent in creating a bit of a buffer for us. It reminds me of when we used YNAB to live on last month’s income. It took awhile to build up the extra, but it helped alleviate so much stress due to budget and/or income fluctuations. I think this will be a goal we’ll have. Trying to get back to living on last month’s income again.

Was March a 3-paycheck month for you? What do you typically do with your third paycheck on 3-paycheck months?

 


W-2 Question

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It has been a long time since I worked as an employee. Recently, I received my W-2 for the corporate job I had until recently.  Now I have a question for the BAD Community.

W-2 Question

Why is the amount listed in Box #1 labeled Wgs, tips, other compn different than the amount listed in Box #3 labeled Social security wages? Box #1 lists $49,072.10 and Box #3 lists $51,818.26, I don’t understand why the amounts are different.

Can someone please advise?  I looked back thru my old W-2s and I don’t have any where these amounts are different.  (Granted the last one was some years back; I’m not sure what has changed since then.)

Unemployment Benefits Update

My application for unemployment benefits has now been escalated to the tax department (or something like that.) I’ve had to submit a 10 page questionnaire, copies of my W-2, paystubs from this year, copy of my bank records with deposits from them and so much more. It was a beast to get it altogether. As far as I can tell, they are evaluating whether the company was in the wrong.

I have no idea how it will turn out. But it does give me some satisfaction that they are being scrutinized a bit. I’m hopeful that the benefits will kick in, the money would be very helpful as I look for work.

Some Other News

I have not heard back from Home Depot. It makes me very sad that I may not get the part time job. I’m really interested in working there.  I called and left a message for the hiring manager today.

History Buff has decided to move down to GA. We are working out the details now. I’m afraid he’s learned that adulting is not all it’s cut out to be. He is ready to get back to his education.

Book Club will officially start Monday…are you ready?

 


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