Thursday, January 21, 2010

A Little Good News

Today they had an announcement for us at work. Last year's profits were a little better than expected. Still lower than previous years, but not as bad as they thought. Since we all got a 10% pay cut for 5 months last year, the company decided to give us a bonus of a week's pay or a week's paid vacation, which ever we want. I'll take the money.

So, what shall I do with it? Nothing right away. I'm going to keep it until I find out if my renter is actually going to pay me when she gets her tax refund this weekend. If she does then I will be back on track. If she doesn't then I will need this money to help keep my on track.

But let's assume my renter pays me. Then I could buy a laptop, or more fencing, or put it towards the mortgage. All of those would be fun to me.

So far this year is going much better than last year. Last year I had a trashed rental, lots of bills to get the house in shape again, and a pay cut. I hope the rest of the year continues this good news track.


Over the Cubicle Wall said...

Excellent. A week's pay would buy a lot of dog treats :)

The other stuff sounds nice too.

Daizy said...

I thought about that option. I could spoil the dogs for another 6 months without worrying about my budget. If I don't assign the bonus a catagory soon, then that's what it will end up being used for!

Dave said...

I think you should do with the money what you would have done with it had it been part of your pay before it got cut by 10%. This assumes your renter pays you as promised. Otherwise, pay down the mortgage.

My bonuses and windfalls have always been saved or invested, as they made my annual surpluses bigger.

Daizy said...

Dave, the 10% got subtracted from my extra mortgage payments so I guess it should definitely go towards the mortgage to help me catch up.

Sallie's Niece said...

That's great about the bonus, enjoy!