Financial Update -- May 2011

A little financial update for everyone since I just got around to moving some money here and there. 

Hubby got paid today (a bit early because of the holiday on Monday) so I decided to get the ball rolling on some transfers. 

Some of the money I already had set aside and the rest was added with this paycheck.

• Transferred $450.00 to our mortgage savings for 1/2 of the monthly mortgage payment (it's actually more than 1/2 our regular payment, but I like to have the account padded a little in case homeowner's insurance or property taxes go up)
• Transferred $501.07 to our credit card
• Transferred $240.82 to my college loan savings (loans not due until end of 2011/beginning of 2012, but starting to make "payments" to get a head start)
• Transferred $501.08 to our emergency fund
• Transferred $534.00 to our vacation savings (have to keep up with it if we want to go to Italy next year)
• Transferred $50.00 into my IRA (automatically deducted every month)

All of our bills are paid until the middle of June.  The emergency fund is almost back to the pre-layoff amount, which we'll finish next month.

Paycheck Issue

We had a big issue getting our second paycheck from hubby's workplace.  It was the first time for direct deposit and for some reason it didn't go through. 

Now I've been banking with this place for 15 years and never once have we had a problem getting direct deposit set up.  But for some reason this time they've decided I need to have additional numbers in order for it to go through.  UGH!

So we had to put a stop order on the deposit through his employer.  The funds were sent back to them and they've cut us a check that should be here sometime early next week.

Hubby went into the payroll system to add the new digits so hopefully direct deposit will work for our April 15th check!  *crossing fingers*

We'll have to be careful for the next few days not to spend too much since this was supposed to be our first full paycheck.  On the plus side though we won't have to wait that much longer for our next paycheck once we receive this one!