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$20K Update - BIG Deposit - Back to $25K!

December 21st, 2014 at 08:46 pm

I have been doing a lot of little things to get my finances on auto pilot, and wrapping up small ends from the divorce.
-I changed my internet banking user name (it was previously my married last name).
-I changed my text alerts to my personal checking account so I can check by balance from my phone (it was previously set to check the balance of the joint checking).
-I changed my credit card due date to the 22nd of the month. My mortgage is automatically taken out of my checking account on the 10th, so now I will have one paycheck for the mortgage and one for the credit card. Months when I get 3 paychecks should have an extra paycheck.

Since the change on the due date for my credit card isn't going into effect till next month, I have a decent surplus in my checking account now. So I am transferring that to savings.


Current Balance $24,540.00
+$800.00 Checking Surplus
+$25.00 Payday to Joint Deposit
+$25.00 Payday to Personal Deposit
+$10.00 to get to next even $100 amount
Balance $25,400.00

Local Savings $1610.00
Capitol 360 Savings $23,125.00
Joint Capitol 360 Savings $665.00
Total Savings = $25,400.00

4 Responses to “$20K Update - BIG Deposit - Back to $25K!”

  1. Beawealthywarrior Says:

    Nice job!

  2. snafu Says:

    Sorry, I'm confused about your 2015 financial plan. It's important to maintain an accessible Emergency Fund which depending on the stability of your employment may be as high as 6 months of striped down, basic expenses. Do you participate in an employer sponsored retirement account? Do you fund a ROTH account? What is the program allocation, fee and costs? What happened to the old retirement category?

    What [if any] home improvements, repair, up dating do you anticipate in 2015? According to your vehicle's manual and Edmundston's Lemon Aid or Consumer's review what maintenance is likely for your car? Is it your practice to track these categories on a spreadsheet? How do you allocate $ 25,400?

  3. rob62521 Says:

    You've been a busy gal!

  4. Banker Gurl Says:

    Thanks Bea and Rob!

    Snafu - Yes I currently put 6% into my employers 401K (they match 50% up to 3% on their part). I also have a ROTH IRA, but I stopped contributions on that when the divorce became a reality and have not yet started again, but will soon. Thanks for the reminder!

    As for my vehicle, I have roughly $1000 in repairs that are urgent, but not dire. They need to be done soon, but vehicle is still driveable (tail light circuit is completely dead, air conditioning also seems to have gone out, but can wait till it's a problem when nicer weather comes, also my electric starter isn't working and that is close to a neccessity in ND). My vehicle is 12 years old, so anything could come up, and I like to have the money in savings to pay cash for a new (to me) vehicle, and still have what I consider to be a comfortable cushion.

    Home Improvements - Oh where to start! So many things in my house need to be repaired/replaced, it is honestly embarassing! The most urgent is new garage door (literally falling apart), new patio door (locking mechanism is broken apart)and fixing of holes in walls/painting (emotionally trying to see these as they were cause by XH in drunken rampages). I think the garage door and patio door can make it through the winter, so I am looking at spring for start dates on those. I have spoken to a family member who has a painting and dry wall business about completing the patching of the holes and painting. I would like to do my living room, kitchen, entry way and main bathroom. BF has offered to pay for part of this as well, but I am not depending on that. If he wants to contribute I am fine with that. Smile

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