I can already tell March will be a big income month, probably the biggest of 2009. It will be thanks to my 2008 bonus and IRS tax refund.
I kept my promise to myself and put the entire net bonus into my Roth IRA. I'll fully fund the remainder that I'm eligible to contribute starting April 1.
I checked my bank account online and happily found the IRS deposited my tax refund, the first I've gotten in about a decade, in the amount of $624. So I've already transferred $600 to my emergency fund money market account, boosting that balance to $9,600. Sweet!
I love paydays, not because I look forward to spending, but because I look forward to saving. Pay day triggers a number of tasks for me including a $350 transfer to my emergency fund. And the tax refund and bonus really turbo-charged my savings efforts.
Paydays Equal "Savedays"
March 20th, 2009 at 07:27 am
March 20th, 2009 at 07:35 am
Your dad could close the door to your room, if he doesn't want to be bothered by the cat.
March 20th, 2009 at 09:14 am
I never really thought of what you said about your Personal Days. I lose mine also if I got fired or laid off but get re-imbursed for vacation time. I need to take that into consideration when I schedule time off.
I hope your dad survives the night with luther. :-)
March 20th, 2009 at 09:47 am
I agree. My ROTH contributions are automatic, and most my bills are set up online to be paid, long before payday. But it is when I deposit my paycheck I do all my other savings transfers. Thus I equate payday with saving, more than anything.