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Home > Small addition to EF; considering borrowing from lawyer fund

Small addition to EF; considering borrowing from lawyer fund

September 30th, 2011 at 04:58 pm

$25 went into the EF and we earned 55 cents interest, bringing our pathetic progress to $2859.06 for the year and our total EF to $11,371.01.

We'll have another $500 to send AS's mom probably by Oct. 14, and at least another $400 by Nov. 15. But I'm considering just borrowing the full $2000 from our lawyer fund and sending it to her all at once. The bank charges $30 per wire transfer, so if I send it all at once, we'll have spent $60 on transfers vs. at least $120 if I send her a second payment in October, a third in November and a fourth whenever we come up with the remaining $1100. The other option would be to make her wait until we've gathered the full $2000, but I'm not sure when that would be. We're pretty confident we can come up with the rest without harming our budget, and we won't need the lion's share of the lawyer fund for a little while at least.

I'm going to think about it a little longer. I'd feel a lot more confident about that if my job gave me a raise. We'll have to see.

3 Responses to “Small addition to EF; considering borrowing from lawyer fund”

  1. MonkeyMama Says:
    1317398750

    I think it's a good idea to wait. Maybe send her $500 now, and the $1500 later?

    Just because you said she has asked for money a lot before. I get the feeling if her boohoo story means $2000 in hand in a week's time, then there will be a lot more boohoo stories.

    I just think it's important for her to realize that you don't have $2,000 laying around. I think it's best she has the impression that you need time to scrape it together.

  2. ceejay74 Says:
    1317413752

    Hmm...you do make a compelling argument. I already sent $500 earlier this week and it cost me $30, so maybe I'll send her half of the remaining $2000 after Oct. 14 and the rest after Nov. 15. Might be worth the extra $30 not to appear to have money just lying around to send to her.

  3. baselle Says:
    1317414062

    I have to agree with MonkeyMama. You're not a bank - (the bank would have given her a hanky after the boohoo story but not much else), you don't have a zillion gold coins in the family vault.

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