Posts Tagged ‘Overtime’

Ugh Ugh Ugh…

We do this time and time and time again – we overextend ourselves and we get ourselves into situations financially that we just can’t overcome…

I’ve done the math with the payments and financials for the new van and I must say I am less than pleased with where we’re at and where we’re going to be.

Here’s the breakdown using our last four (4) paychecks are the basis of our overall budget

W/E Date  Lara  Jimmy
12/21/2014  $    512.23  $    290.12
12/28/2014  $    550.68  $    307.58
1/4/2015  $    471.34  $    286.22
1/11/2015  $    490.92  $    263.42
 $ 2,025.17  $ 1,147.34
Average Weekly Pay  $    506.29  $    286.84
Combined Weekly Pay  $    793.13
Combined Monthly Pay  $ 3,172.51
Expenses: Monthly Weekly
Mortgage  $    860.14  $    215.04
Car Payment  $    538.30  $    134.58
AT&T  $      85.00  $      21.25
Progress Energy  $    125.00  $      31.25
CFPUA  $    180.00  $      45.00
Groceries  $    640.00  $    160.00
Brigades  $    240.00  $      60.00
Dinner  $    100.00  $      25.00
Jimmy’s Money  $    100.00  $      25.00
Cat & Dog Food  $    120.00  $      30.00
Gas  $    140.00  $      35.00
Planet Fitness  $      19.99  $        5.00  $        7.99  $        2.00
Oster  $      57.97  $      14.49 One more Draft for Feb 2014 – Then Done
Music & Arts  $      33.80  $        8.45
State Farm  $    148.68  $      37.17
Banfield  $      24.95  $        6.24
Tate & Kirlin  $        5.00  $        1.25
 $ 3,357.51  $    856.71
Difference:  $  (185.00)  $    (63.58)
OT Hrs Needed to Break Even          (7.83)          (2.69)

In order for us to break even every month one or both of us is going to have to bust out some major overtime…I know that once the final Oster (hubby’s grooming tools paid on a 6-Month payment plan) payment is made then we’ll be better off.  What’s worrying me more than anything right now is that with everything surrounding the wreck & buying our new car has hindered our ability to make the final payment on our trial plan – here’s how it all breaks down:

Rental Car #1 = $98.83

Rental Car #2 = $675.52

Deductible/Repairs = $390.00

Down Payment on New Van = $500.00

Sum total paid out in the last month for vehicle stuff: $1,661.35 – OUCH

I have right now $860.14 due to CitiMortgage on Tuesday 01/27 and IF we want to, oh I don’t know, EAT this week and feed our furbabies + put gas in the van I can set aside all of $250.00 on this week’s paychecks…ugh…

I went to balance the checkbook this morning and discovered we were hit with overdraft fees because of piss poor financial planning on our part and hoping the rental #2 wouldn’t draft until today (it drafted on Wed) therefore causing my payment to Brigades ($40.00), the DMV ($10.00) for Jimmy’s new ID + the down payment on the van ($500.00) to cash out and overdraft our account to the tune of $105.00 (3 Fees @ $35.00/ea).  I’m not sure how I am going to pay this payment to Citi + everything else I have to pay out on next week’s paycheck – BUT OH wait Citi wants their payment on Tuesday the 27th and I am coming up $610.14 SHORT.

I can’t even schedule the payment to be delayed until the 30th (Friday) because Citi wants to ensure their funds are drafted & applied before the end of the month…so I can’t even put it on next week’s pay (Pay Date: 01.30.15) – so we’re basically SCREWED! Anyone want to generate a miracle here????

I QUIT!!!!  

Seriously not digging this week’s finances, sure we had a nice surprise of a $6 refund come back from LCA (LabCorp) due to over payment of account, think I would have preferred to have a statement coming my way to prevent said over payment.  At the beginning of the week last week when I did the checkbook we were left with the whole of $18 in the account (this was after paying the bills and deducting the debit transactions we’d made) leaving me less than comfortable, so I pulled back into our checking account some of the transfers from the Keep the Change (KTC) program, these are auto deducted and transferred to our savings account, in the sum of $10.00 – bringing our remaining up to $28 for the week.  I am stickler for wanting to keep as much as I can, all the while paying bills, in our checking account for those unaccounted/unbudgeted items we may need throughout the week – in this case it was some pre-cooked ribs/corn on the cob from Harris Teeter for dinner on Sat night (my hubby reminded me I had mentioned wanting to have ribs for dinner this past weekend), and then a run to Target mid-week for more grocery items we were running low on – the movie rental for hubs and I on Sunday night and a snack at Dunkin Donuts last night before Lego Club, so to say we went over budget is an understatement.  See here:

 $34.73 Remaining from W/E 05/12/13  $465.60 Lara W/E 06/02/13 Salary
 $37.55 Amt. Spent  $287.26 Jimmy W/E 06/02/13 Salary
 $(2.82) Avail. Starting  $752.86
 $9.75 Harris Teeter  $(2.82) Avail. Starting
 $6.19 McDonald’s  $752.86 Total Pay
 $4.99  $750.04 Avail. For Bills
 $2.55 KTC  $16.00 Overpayment Credit from LCA ($6.00)/TXFR From KTC Acct ($10)
 $7.43 Target  $766.04
 $6.64 Dunkin Donuts  $0.20 Bank Adj.
 $37.55  $766.24

So then to add insult to injury my paycheck today was less than even a normal 40.0 hr work-week due to last Monday the 27th being Memorial Day – I did not work a full day – I put in a whole two hours when a migraine set-in and I had to walk away from my computer…so my full week’s hours totaled 37.25.  Normally I would have been able to make them all up and get my 40.0 hrs.  However, the workload has lightened considerably and I no longer have need for Overtime/Working at night – this cut into my ability to make-up my hours to get a full week…UGH!

Then here we are, it’s Friday again and while things are looking slightly better I am pleased to say that because of the deposits I put down for the kids’ summer camp at Brigades, $40/ea, next weeks tuition is covered! So WooHoo! I am able to re-route those funds to our utilities and make payments to them! And, it’s a light week on the auto-draft bills so we’re left with almost $200 to roll-over into next week for paying bills – Oh Yeah!

So without further adieu, here you go:

 $25.00 DB Plumbing
 $   – Brigades Boys & Girls Club
 $5.00 OT Solutions
 $5.00 CCA, 6/10 Auto-Draft
 $5.00 Tate & Kirlin, 6/10 Auto-Draft
 $170.00 Groceries
 $40.00 Gas
 $25.00 Jimmy’s Money
 $25.00 Dinner, 6/7
 $25.00 Cat & Dog Food
 $120.00 CFPUA
 $90.00 Progress Energy
 $30.00 Letters to Publishers Printing/Postage

The Letters I am referring to harken over to my other blog, My Journey to My New Life, I am trying to ball up the courage enough to actually send some letters I’ve written to introduce myself to a handful of Publishing Scouts/Agents/Publishing Houses to get a feel for the industry and what I’ll need to do in order to make the transition over to publishing – figured if I budgeted for the Printing/Postage of said letters I might actually follow through.  See this post about the same thing – I am such a Spaz about this sort of thing.

Ok so now with the cash withdrawal:

 $25.00 DB Plumbing
 $    – Brigades Boys & Girls Club
 $5.00 OT Solutions
 $5.00 CCA, 6/10 Auto-Draft
 $5.00 Tate & Kirlin, 6/10 Auto-Draft
 $320.00 Cash for Week
 $120.00 CFPUA
 $90.00 Progress Energy
 $196.24 Rem. For Bills W/E 06/09/13

We are also in the process of re-examining our weekly grocery budget to see if we need to make adjustments to how much we’re withdrawing each week for groceries – this will include at minimum 6-Weeks’ worth of grocery expenditures in order to get a full picture of how much we’ve spent over that time period, once we do that the $170/week I withdraw might be altered…hopefully not too much, YIKES!

Well that is all – this weekend is looking to be a rainy one, so more time indoors will be spent…anyone with any fun weekend plans?