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Home > Money In, Money Out

Money In, Money Out

February 22nd, 2017 at 06:44 am

We got our tax return. We ended up paying DH's brother $650 back. The rest he said was a gift. We also gave DH's mom $100 towards his phone. DH had to get a new phone last December. He likes his fancy gadgets and doesn't ask for much, so he got the Google Pixel phone. It costs $600, and he did the monthly payments on Verizon since he's on his mom's plan. We've budgeted $100/month for the next 6 months to cover the phone just to get it out of the way quickly.

I also gave DH $300 fun money.

The remainder helped us fill out last month's income, but even so we're still not quite there (about $800 short). We should be able to do it in March given that DH should get both military pay and work pay for a 2 week period...provided his orders actually come through.

I decided to prioritize retirement above everything else. I had been diligently contributing 10% (8% to my 401k to get the match and 2% to a Roth). However, when we were wedding planning, I scaled it way back to 2% to maximize my paycheck. I think failing to plan for the future was one of my mom's biggest mistakes, so I decided that had to take precedence with the raise. I moved it back to 10%, so I'm thinking my take home will not be anywhere near as big an increase as I was hoping. Still, I think the retirement savings are important since my company does match 50% up to 4% of your total pay.

4 Responses to “Money In, Money Out”

  1. klarose Says:

    Sounds like a lot of fun money for DH... He got a fancy new phone, laptop, and also $300.

  2. Debt-free by Thir-ty Says:

    Ha. Klarose, I never thought of it like that, but it's true I guess. The computer is technically a household computer. I really don't mind because percentage-wise, DH contributues 90% of his income to our finances. I only contribute about 60%. I also came into our marriage with all of the debt, so I hate depriving him of the few luxuries he asks for. It works for us. When you put it that way, though, it does seem like he splurges!

  3. Carol Says:

    Since we are retired now, let me say, you will be glad for your retirement savings.

  4. bluesfemme Says:

    I love my pixel xl. But when the first one was in for repairs last month, the technician explained that when they remove the glass on the pixel phones it usually shatters because it's so thin. So make sure your hubby has good protection for the screen. And if he's ever considering doing own repairs, that's likely to happen - and glass in the innards is not good!

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