We may earn money from the purchase of items mentioned in this post.
We have now completed two months of the new family roles with our finances. There are still some growing pains with our new roles. As is typical for things around the house I prefer to get things done early and often, and Brian prefers to wait.
He keeps reminding me he is in charge of inputting the receipts and that we shouldn’t worry about moving money around in the first week of the month (from one budget line to another). He is sure money will come in and will negate some of the need to transfer money from category to another.
I disagreed and assured him money wouldn’t just show up.
Well, guess what?
And not just once, but three times. Seriously, it got to the point that I was disappointed when I saw what appeared to be a check in the mail because it just proved him right yet again. I would call my sister and share how I was so mad at my husband because he was right.
I suppose it’s a sign that he should be in charge of the budget. He makes money appear.
I know you’re wondering where this money came from and how do you get some. Well, there are entirely legitimate reasons for this money, it’s just coincidental it showed up this month when he was in charge.
We got money back from three doctor appointments where we had to pay upfront for service. The cash back was from the portion that was later covered by insurance. We got a small refund on our car insurance, and then I sold the jogging stroller.
Yes, I thought about (but not seriously) pocketing the checks he didn’t see and the cash from the jogging stroller sale. I didn’t want him to be right.
So May was a nice month for getting us back on track towards paying down the student loan. With extra income in the month, we were able to put a little more towards the debt this month.
Our exciting news was that Brian’s union contract was finally agreed upon by the university. It only took two years to come to a resolution. It will mean back pay and a raise, which will help our debt snowball. We did agree at our last budget meeting that he could use the backpay first to finish off the garage. He is working on electrical and insulation so he can work year round in his new woodshop.
I expect that we will begin making considerable progress on the debt snowball in the coming months though Cassidy’s summer bucket list does include some activities that will necessitate us allocating more money to our family entertainment line item for the summer months.
Income report from May:
Total extra income $ 200
Current outstanding student loan debt $28,000