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Withholdings finally sorted out!

March 29th, 2013 at 10:26 am

AS's job finally got her withholding sorted out! In the end, NT kept his the same, I increased mine a bit and AS decreased hers a lot. We're netting $345 more per month in take-home pay.

This is great because our budget has had a $250 or so monthly shortfall to keep everything as-is and still meet our four-year big-picture goals. Now, we have a $106 surplus! Basically, if nothing changed for the next three years and nine months, we would coast easily into meeting all of our aggressive goals: $5,000 medical EF, all student loans paid off, remaining tuition paid in cash, and $56,000 in a moving-to-England or house-down-payment fund.

I'm going to continue to throw most windfall money at the goals so we can get ahead, just in case things happen and we have some lean months. Plus, if we get an opportunity to move to England before the four years are up (unlikely, but you never know), we'll know we got as financially prepared as possible.

7 Responses to “Withholdings finally sorted out!”

  1. scottish girl Says:

    Hope SL has a great first Birthday! (it is today, isn't it?)

  2. ceejay74 Says:

    Thank you! Yes, it's today; we'll have her open gifts tomorrow and a friends party next Saturday.

    Her doctor appointment was great! She's up to 10th percentile for weight (from 5th percentile at 9 months), she's a bit ahead on speech and only a little behind on walking (they said it's common for a kid to be ahead on one and behind on another, so they're not concerned).

  3. scottish girl Says:

    That's great! I need to take SG to get weighed next week since she didn't have a check-up at 1-year. Her next formal check-up is at 27 months. SG isn't walking yet, she takes a few steps and can walk around the furniture but that's it. No proper first words yet either just "Dada" recently and "baba"

  4. ceejay74 Says:

    Yep, that's all SL does so far. In fact, she's only taken one unassisted step; otherwise just "cruising" around furniture. She knows how to say "dada," "mama," "night-night" and "Noo-Noo" (our cat Noodles) but doesn't choose to say them very often (same with waving bye-bye; she knows how but doesn't do it often). She also knows sign language for "milk" and "more," but prefers growling at us to let us know! Big Grin

  5. scottish girl Says:

    SG can wave bye-bye too Smile
    Great news about the extra money Smile

  6. annereese76 Says:

    I'm curious, what did you have to change your allowances to to get that much more back? We're trying to adjust ours as well but changing it from 4 to 6 only made a difference of about $50 and we need that to be more like $150. Should we really make it like 10? That seems ridiculously high for having only 3 kids.

  7. ceejay74 Says:

    We changed AS's from 1 or 2 to 6. The number of allowances is just a rule of thumb, but the best way is just to calculate how much you need taken out each month and adjust the withholdings to match that. We used a calculator at paycheckcity.com and it was accurate within a few bucks, so I recommend that.

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