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Constantly moving targets

November 14th, 2012 at 02:50 pm

"Plans are useless but planning is indispensable" Dwight D. Eisenhower got it right when he said that. Somedays I try to imagine what it must be like to be able to use Plan A instead of Plan Q.

My houseguest moved out in November instead of January which is extremely nice but altered the financial plans since we were helping with the moving expenses and the initial one time expenses. Good thing we were running in austerity mode because it means we are still on track, just not as ahead of the game as we thought we would be.

We have been told of 2 very large bonuses for DH coming up next year so we now know that we will need to plan for those sums of money. I have been brainstorming but figure I won't know whether to put them to savings or debt payoff until we reach that point.

We are still on track to reach 100k networth by the end of the year and credit card debt under 10k as well. Until December comes though, I doubt I will have more exact numbers.

DH is back to unlimited overtime so what he brings home will be used to get the cards down even more than the original goal.

The Thanksgiving extra expense was able to be absorbed completely in the normal cash allowance for food despite being a little less well behaved with the eating out thanks to moving so we were happy about that.

Given how well DH is doing in the new position, I have already told him that the next raise due to job position (he is already testing for the next level up) means he needs to start maxing out his 401(k). Once the credit cards are gone, both of us will be doing that anyways. I still think we can pay them off by March but thanks to the upcoming bonus, we can guarantee payoff by June. If we both get Christmas bonuses, then the March payoff date will become feasible.

I fully expect with the ways things have been going to have a new and different plan by next week, lol.

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