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Thread: Goodbye EF!
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04-19-2011, 02:08 PM #1Registered User
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Goodbye EF!
It's been one of those weeks. It started when we did our taxes and discovered that one of DH's employers did not have taxes taken out of his paycheck for 10 months in 2010.
And none of his employers accounted for the city taxes we have to pay. That happens every year but it's still a large check to write.
So at this point our $5000 EF is gone, but hey, that's what they are for, right?
Well, this morning I had to take the car in to the shop because it was making a bad noise..... we're looking at a new power steering pump and belt tensioner. $$$. Just what I need.
Why does this crap happen all at once?Use it up, Wear it out,
Make it do, Or do without. ~unknown
You can't always get what you want
But if you try sometimes you just might find
You get what you need ~Rolling Stones
A clean house is a sign of a wasted life. ~unknown
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04-19-2011, 02:25 PM #2Registered User
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oh man! Hugs to you
"Everyday as your walking down the street, everybody that you met has an original point of view" -Arthur PBS
Imagine - Wife of 18 years to Hubby
Mom to Buddy (son 15) and Little Miss ( daughter 11)
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04-19-2011, 03:00 PM #3Registered User
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oh no! That stinks but kudos to you for having that money in an EF not having to scramble to get that money together
Wife to Air Force DH for 7 years.
SAHM to twin boys, Samuel and David!
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04-19-2011, 03:08 PM #4Registered User
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That sucks!!
2012 Challenges
Pay way down my CC~2,721.51
ER~0/500 (starting low because of low income)
loose weight goal is 40
Read 0/50 books
Learn simplicity and mindfulness
Jan spend days 2/31
Feb spend days 0/29
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04-19-2011, 03:10 PM #5Registered User
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I don't know but it really, really does. It proves itself over and over. Glad you had a healthy EF to cover it. At least you just owe yourself back an EF and not a CC company. Sincere compassion to you.
Totally debt free since January 2011.
Fully funded Emergency Fund complete December 12, 2011! Yeah!
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04-19-2011, 03:40 PM #6Registered User
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Well, the good news is that I qualified for the shop's "credit card" -- which is interest free, more like a payment plan than a CC -- and it comes with 6 free oil changes. That will cover both our cars for the remainder of the year. By the time we get the bill, we'll have another paycheck in to cover it.
Use it up, Wear it out,
Make it do, Or do without. ~unknown
You can't always get what you want
But if you try sometimes you just might find
You get what you need ~Rolling Stones
A clean house is a sign of a wasted life. ~unknown
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04-20-2011, 01:34 PM #7Registered User
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How did your DH not notice that taxes weren't being withheld? He should make sure right now that taxes are being properly withheld for 2011, and if not you might want to consider paying estimates during the year so it's not such a big lump at the end.
Sucks when it all happens at once :-( Hope things start looking up soon!
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04-20-2011, 02:06 PM #8Registered User
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We didn't notice because the office went paperless. I wasn't seeing weekly statements, only the deposits once it hit the bank. DH had access to them from work, but never checked what they were withholding, only that he was getting paid.
Lesson learned.Use it up, Wear it out,
Make it do, Or do without. ~unknown
You can't always get what you want
But if you try sometimes you just might find
You get what you need ~Rolling Stones
A clean house is a sign of a wasted life. ~unknown
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04-20-2011, 02:24 PM #9Rude and Vile Master
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Failure to withhold on the employer's part is serious business. Why didn't your employer do this?
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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04-20-2011, 02:57 PM #10Registered User
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I'm so sorry but glad you had the $! This must be in the air lately. Ok where can we send Murphy?
~July 19 saving goal for event $104/$1000
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04-20-2011, 03:57 PM #11Registered User
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Sorry to hear this. Lucky you had a healthy EF!
Dh Bob
FIL 
DS (21) at Lakehead U - go Thunderwolves!
www.ouroldhomestead.blogspot.com
2012 Exercise Challenge - 5,358 min
2012 Water Challenge - 7,330 oz
May No Spend Days - 0 /20
Wasted money - May total - $0
2012 Change Jar - $ 37.20
No Eat Out - 114 /365
2012 Reading Challenge - 3 /12
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20 Wishes Challenge - 3/20
12,400 /36,500 squats
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04-20-2011, 04:39 PM #12Registered User
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I am so sorry to hear this.
2012 Debt Reduction
(cc#1) Kohl's- P.I.F. (closed)!!!!
(cc#2) Chase- P.I.F. (closed) !!!!!
(cc#3) capital one(mine)- $741.37 /$731.34
(cc#4) amazon-$1,458.47 / $863.94
(cc#5) Kohl's - $606.29 / $687.16(CLOSED!)
(cc#6) capital one(His)- $615.93 /$673.97
(cc#7) CHASE (HIS)- $1,985.14 / $1,055.85
(cc#8) Lowes(His)- $3,355.71 / $2,592.42
(cc#9) Tractor Supply(his)- $3,981.05 / $3,729.95
(cc#10) Visa(mine)- $918.12 / $1,021.83(CLOSED!)
(cc#11) Home Depot(his)-$3,796.87 / $3,375.31
(cc#12) Capital One(mine)- $2,991.98 / $2,967.94
(cc#13) Micro center- $743.61 / $755.60
car pyment- $16,245.30 / $17,773.46
house pymnt- $76,973.95 / $81,360.00
$0
$14.00 EF
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04-20-2011, 05:04 PM #13Registered User
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Glad you had an EF saved up for times like these - though you kinda knew it was coming. And the payment plan for the car repairs, you lucked out that its interest free and have a plan in place to pay it off.
Even though DH's office went 'paperless' you still should receive some sort of statement - be it via online or annually. Can DH print it out from work since he can only access it from there? (not sure how 'paperless' that really is though)2012: The Year Of The Purge!
UPDATED: MAY 15/12
2012 FLING - 673/2012 | COUPON SAVINGS $178.93
EMERGENCY FUND #2 - $510.78 | VACATION FUND - $513.58 | CHANGE JAR $222.51
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04-20-2011, 06:59 PM #14Registered User
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Sorry to hear this.
Mom to Emma, Spencer, Connor, Lily,Fletcher, Amelia and Adeline.
Mortgage $78,500/$15,200
EF 3 mo income barring
anymore emergencies
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04-20-2011, 07:48 PM #15Master Dollar Stretcher
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Glad you were able to cover it! Congrats for having that EF in place!
DH aka Mad Hen
(http://mad-hen-creations.blogspot.com/)
June no-spend: 0/15 
June wasted money: $0 
June grocery: $0/400
2012 LAPAW: 8.8/20 
2012 Get-Thee-To-The-Gym Challenge: 7/52
: 1136/66,795 
Run/walk challenge: 91/520 miles
Total debt (with mortgage, HELOC, and 1 cc): Jan 2012: $285,105 (Jan 2011: $292,750) 
(2911 days until retirement)
Live as if you were to die tomorrow. Learn as if you were to live forever. Mahatma Gandhi
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