I received my bonus today. And it is $400 more than I estimated. They didn't take out as much taxes as they did last year. Last year my bonuses were bulldozed by a 52% tax. Well this time it's only 32%. Interesting. I don't understand why my bonuses and my salary have such a different tax bracket. There is only a 16% tax on my salary.
Oh well. Thats the government for you. N-T-WAYS............my mind is racing of what I should do with the extra $400. I have already done my budget and have my plan laid out. So do I revamp the budget and factor in the extra moola?
Decisions, decisions, decisions!
I think I will take a $100 of that $400 and put it in my laptop fund. I'll take the rest and deposit into my spending fund.
I like the whole idea of having a fund for a big purchase you would like to make. Gives you time to think about the purchase and be more rational in what you buy. There are certain things I want for my house that are not exactly on the "need" list. I want an exercise room with an elliptical and a treadmill (at the least). I also want a sleigh bed. I have a bed right now but I WANT a sleigh bed. Instead of just buying these items on the spur of the moment after I buy my house (Lord knows I'm capable of doing it too), I can set up funds and save for them. This way I won't be likely to charge the purchases and then not pay the balance in full.