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Expensive Day!

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Yesterday was an EXPENSIVE day, though not as bad as it could have been.

My car is a 2011 and, all in all, it has been pretty reliable. We’ve had some bad luck in the tire department in the past year, but (knock on wood), we’ve never had any major mechanical issues. All we need to do is regular, routine maintenance and the car has been great for us!

So when the brakes started squeaking a few weeks ago, I knew it would be time to replace them soon.

But life has been busy with work, school, and the holiday season approaching. I’ve kept putting it off, not wanting to spend the money. Then over the weekend, the brakes progressed from what I would describe as a “squeal” to what I would describe as a “grate.” It was truly an awful noise – the kind that hurts your ears, like nails on a chalkboard. I knew it was time to get in STAT!

I called around to a few shops to compare prices and went with a nearby shop that I trust. New brakes, rotors, fluid, and a serpentine belt later, my bill came to $643.28. Ouch! 

But never forget to Google for coupons! I’d taken my laptop and was working in the waiting room while my car was being serviced. As a last-minute thing, I decided to google coupons for the services I was receiving. And I stumbled across a 15% off coupon, good for all parts and service at the shop I was using!

When I went to pay, they scanned the coupon from my phone and my bill dropped to $549.11. BAM!

But it gets better still! The brakes I got came with a $50 online rebate. I had to wait 24-hours to enter my information, but I did so today and will be receiving a $50 rebate check in the mail in the next couple weeks.

That officially brings my total down to $499.11!

Still an expensive day, to be sure, but not nearly as bad as it could have been! And all because I was willing to do a little Google search to find applicable coupons while I waited.

No one wants to drop $500 on car repairs, especially around the holidays and at a time when we’re really not doing well financially. But to put things in perspective, $500 amounts to less than 2 months of the old car payment (I paid off the car in January 2016). Since we’ve owned the car an entire 2 years since then free-and-clear, a $500 investment here and there to keep the car in good running order is not too bad. I’m very grateful we no longer have that monthly payment in our list of bills!

 

Have you had any major car repairs lately? 

Open Enrollment Completed

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Thank you so much for all the tips and comments on my Open Enrollment post! I really found the comments to be insightful and incredibly helpful as I decided on my plans.

In the end, I opted to keep my current insurance (a PPO) and a flex spending account for both health and dependent care purchases. I may still switch to an HSA in the future, but didn’t feel comfortable doing so without any EF whatsoever right now. So it will be a consideration in future years, but not at this time.

I increased the amount of deductions for my health HSA but reduced the deductions for my dependent care HSA. And the cost of my medical insurance went up a little as well.

In the end, here are the benefits-related deductions I’ll see per paycheck:

In my open enrollment post, I’d posted all of my paycheck deductions (including required investment, taxes, parking permit, etc.) But to do an apples-to-apples comparison of just the benefits-related deductions (including health insurance, dental insurance, and the two FSA contributions), here’s how things stack up:

2016 per paycheck deduction = $382.90

2017 per paycheck deduction = $340.33

So I’ll be saving a little bit per check, but its really a pretty negligible amount. I also hope to reduce the amount of taxes taken out (pending the CPA’s review), so I may be able to “add back” a little bit more money to my take-home pay after our 2016 taxes have been finalized.

All in all, it’s still a pretty large deduction per paycheck, but I have excellent insurance and am happy with our coverage thus far. I pay for my dad’s health insurance (albeit out of his own funds, but I am the money-manager), and he pays $1,000/month for private insurance for a single individual with crappy coverage! Ugh! So I know I am really very lucky to have such good coverage at such a great rate! And as an aside, my Dad’s birthday is in March and at that time he’ll be eligible for Medicare, which would be great because that will give him some cancer coverage. So hopefully that means a big reduction in his  health insurance costs.

I just wanted to follow-up to let everyone know what we’d decided regarding open enrollment. Thanks, again, for all your helpful suggestions!