Ok, so we've got approximately 7,000 in savings for baby. I would like around 11,000 before I take my leave to cover all expenses and a few emergencies as well. Since I have another 7 or so months to accumulate this 11,000 I'm thinking we might have enough time to pay off T's student loan (~3250) and still save up that 11,000 before October. I'm still not sure if I want to put that money on his loan now, or keep saving and pay off the loan right before I take my leave, just to make sure we don't need it. Decisions, decisions!
Archive for February, 2010
Yep yep, that's right, I'm pregnant . I guess the saying isn't true..What happens in Vegas doesn't stay in Vegas! It seems that last months visit made a baby and I'm pretty darn thrilled!
On Wednesday I decided to take a home pregnancy test like I've been doing a zillion times at the end of the month for the past half a year or so. I was waiting for the results on Wednesday night when I decided to just start a shower in the meantime. I hopped out of the shower to check, thinking "Of course it'll be negative AGAIN" but instead it came back positive! So then I took another 1 that night and 2 the next day and they were all positive! The gynecologist decided to do another urine test instead of a blood test since they said that wasn't necessary and they confirmed it on my appointment the following day. SO happy I didn't make the massive payment to my car loan. I was just getting ready to put 7,000 on it the other day but there was something telling me to just hold off for the time being. Now we'll use that as savings for me to stay home with the baby for 6 months. I figure if we save 10,000 that'll be enough for all bills and 3,000 in emergencies. One of my co-workers said that I might be able to work a day or two a week and extend that 6 months leave out to like 8 months. I'll have to talk it over with my human resources. Whatever we end up deciding, I can honestly say I've never been so excited in my life to spend money!
Last post I mentioned what I was planning on doing with our tax refund. I spoke things over with T last night, and he seems on board with my new idea: get rid of that stupid car loan!
The plan is to put 5,300 onto the car loan, reducing our loan to 3,375. This means we'll be able to pay it off by April 16th. That'll save us $210 dollars a month and mean we only had the car loan for 3.5 months before paying it off in full! Now if anything decides to change (see previous post, I don't feel like going into it again here) we may rethink this strategy because we will want to start saving more and not throwing so much at debt, but we'll see.
Since we changed our payroll deductions a month or so ago, this was our last big refund that we'll be getting.
We ended up with 5,280.
-3,300 last of T's student loans is GONE!
- 500 Pontiac G6 loan
- 480 to T for civic repairs & tires
Easy come, easy go!
The Pontiac G6 will now be down to 8,000 owed! We should have the car paid off in 5 months if no baby decides to show itself.