here is what we did with my bonus

iVillage Member
Registered: 10-09-1999
here is what we did with my bonus
10
Tue, 12-20-2011 - 6:29pm

I know this is a tuff time of year for so many, and I do feel really blessed.

iVillage Member
Registered: 07-06-2003
Tue, 12-20-2011 - 9:49pm

Wow Cindylee that is great news!!!

Kassandra

"It is said that life has its peaks and valleys.  The challenge is to accept them equally and experience them

Community Leader
Registered: 01-03-2004
Tue, 12-20-2011 - 10:01pm

Congrats Cindy!

Do you know if you divide your mortgage payment by 12 and add that amount to your principal payment you'll make at least one additional mortgage payment per year which will greatly reduce the amount of your mortgage life?

I also encourage you to do small things to pump up your extra principal payments like cancel cable TV, eating out, and abig vacation for just a year. Put all that dough on your mortgage principal. You'll be amazed at how much you can save or pay down!

Good luck.

Community Leader
Registered: 01-03-2004
Tue, 12-20-2011 - 10:02pm
PS My "bonus" was $25 in coupons for the very store I work in. :PP One day I might actually get a check with decimal points! Good for you!
iVillage Member
Registered: 11-14-2008
Wed, 12-21-2011 - 11:20am

Wow, nice bonus. And so responsible! You guys will be debt mortgage free in no time! Happy Holidays!

iVillage Member
Registered: 11-02-1999
Wed, 12-21-2011 - 11:53am

Wow -- awesome!!

Steph










Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Wed, 12-21-2011 - 12:02pm

I love hearing good news!

iVillage Member
Registered: 12-31-2010
Thu, 12-22-2011 - 9:12am
Good job putting that all to work for you. My only word of caution is that amount for taxes looks really low at 26% for Fed, FICA and state?
Just looked at my year end pay, and I am paying 31% in total. Be sure to hold onto that emergency money!
-Marie
#Marie
iVillage Member
Registered: 10-09-1999
Thu, 12-22-2011 - 10:29am

Hi Marie, thanks for the word of warning...no state taxes in Wyoming ; )

Community Leader
Registered: 08-25-2006
Thu, 12-22-2011 - 7:27pm
Oh Wisdom, that it so funny! OK, we can't all get bonuses like Cindylee, but coupons? That is almost more of an insult than gift.

I know someone who's employer like to treat them to training weekends at a resort. Which was cool and everything, but you stil had to have your own spending money. The employees weren't stupid and they knew it was a huge write-off.

Many of them wished they would just give them a bonus instead of a fancy nights sleep.

Serenity
iVillage Member
Registered: 12-10-2009
Sat, 12-24-2011 - 11:47am
Congrats Cindylee! That is so exciting :)

Liz

student loan paid off 2010

Bathroom remodel loan paid off 2013

Pending Car loan to be paid by the end of 2014!!!!!