We did it!

Today is payday, and because of my recent raise, we were able to top up the Baby Fund and hit 100%.

So...now what to do with those regularly occurring deposits into that account....  We've been contributing $300/month towards it for the longest time.

I'm thinking on one hand we could put the money towards the line of credit...but on the other hand, maybe we should target our next closest savings goal and see if we can get another 100%  Another option would be to stash the cash for a couple of months so that we could take a short trip to visit Jordan's family in May - even another $300-$500 would make that trip totally affordable.


We have some thinking to do.

Sooo Close

Do you see it?

Do you?

We're now over 90% towards hitting our baby fund goal.  We had a big bump from our Tax Return, and from cancelling our Gym Membership (that added $600).

Tax Time!

I love tax time.

I've just gone through and triple checked and then submitted our tax returns.  We use TurboTax - for under $30 at Costco, it makes filing sooo easy.

I used to do our taxes by hand first, and then use TurboTax - just in case there were discrepancies...and there never has been.  So this year, I just used the Tax Software to skip that step.

We're ear marking the entire refund to our Baby Fund - that will bring us sooo close to being at 100%.  It will feel so good to hit that goal so early on in the year, and then we can look to the next goal we can achieve.

So, where is the refund coming from?

Well we were actually both under taxed by our employers to the tune of $300 when I first entered in our T4's.  The refund is coming from:

  • Medical Expenses - Jordan's second tooth implant and benefit premiums from both employers
  • RRSP Contributions
  • Pension Adjustment
  • Professional Membership Dues
  • Interest on Investments
  • Educational Credits (I was still in school the first few months of 2014)
How are you guys fairing in your tax returns?  Do you owe?  Are you getting a return?  If you're getting a refund, what are you going to do with it?

Salary Review

Well, it's that time of the year again...salary review time.

Most of you know that my career in in Human Resources. Specifically right now, I work in the Learning & Development department of my organization. I've been with my organization now for about 7 years, and have about 8-9 years combined experience.

Given the state of the economy right now for my industry, there's not a lot of butter to spread around - but that said, I'm feeling very good about the review of my salary.

I'm technically still below the 100th percentile (the mid-point for my job), but received a 5% wage increase when the average was closer to 2.5.  I feel like my manager really went to bat for me, and was able to get an increase that is fair and reasonable.

drumroll please...

I've gone from $75K, to $78,750.  Wahoo!

2015 Budget

Last week I showed you our goals and progress for savings/debt repayment - now I'd like to show you how we're getting there with our 2015 budget.

We won't hit each of our goals 100%, but we're going to move the needle significantly on all of them.

Jordan has settled in to his new job, and it is thankfully - NOT Commission based.  You'll all remember how much I wasn't impressed with how wildly his pa could fluctuate under a commission structure.  Now it's reliable.  He get's an advance on the 15th of the month, and then the rest of his pay at the end.

There's some changes to insurance b/c we now have one vehicle in Alberta that we pay for monthly and another in BC that we paid for lump-sum for the year.

The Escape was paid off in 2014, so that's fallen off the budget - but we do still have the Kia to pay off.

We're putting at least $800/month on the LOC (more when we can).

We're saving $1,100/month and putting away $735 as planned spending a month.  We're feeling really good with where we are at with the monthly amounts for each category though I would really like to get Jordan's retirement savings bumped up as soon as we hit the Baby Fund goal.

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