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Archive for January, 2009

BT payment

January 21st, 2009 at 07:10 am

I made my payment today from my paycheck towards my balance transfer. The balance is down to $2153 and needs to be paid off by 9/1. That means I need to pay off on average, $307/month. Which is down a little bit from last month's average of $321/month.

I have mostly done my taxes, and it looks like I will have about $350 from that to drop on the BT. On top of whatever I can come up with that month, it'll make a huge difference I think in my monthly required payment. But not counting on it til I get it.

Belt getting a little tighter?

January 12th, 2009 at 08:53 pm

My work has been systematically cutting back on perks because they are doing what they can in light of poor sales to keep everyone employed. The majority of the cuts have been met with little grumbling, as they were perks and definitely not something the average office has. They also took a long hard look at a few other areas (travel for example) and have been working on ways to save money in that respect. Even with all that, we still let people go. Just 6, basically one from each department. But still it's one of those things that makes it hit home, makes it more personal.

But we thought it was all behind us. However recently a few more items have been announced as being cut and more push for revenue through as many means as possible.

Today it was announced that they were dropping the employer contribution to our simple ira accounts from 3% to 1%. Apparently that was the straw for some people. At least it's got them grumbling.

Don't get me wrong, I would prefer to not be affected quite so personally by things however...I'm totally willing to loose $60/mo if it means I keep my job. And really, if you do the math, if half the people at my company contribute to their simple ira and the company matching is the same as mine...cutting that 2% means saving one person's job. I have no problem with that.

I did the math over the weekend. Cut out everything I possibly could. Even cut out gas since I can probably borrow my roommate's vehicle if I needed to, or catch rides, or ride my bike, or walk. And the killer is, if I have to go on unemployment and try to pay for cobra, I'm still about $200 short. I cannot afford to go on unemployment. And my friends who have been laid off...can't find jobs to even apply to.

So for me, I'll take whatever the company opts to give me for a matching. I'll reduce my contribution when the time comes to match their matching. And be happy that I still have a job.