August 11, 2009
On the matter of delaying my COBRA coverage: I knew there was a reason I kept all the paperwork!
It turns out that I was just delaying the inevitable. According to page 7 of my rather fat stack of papers here, I am NOT (and I assume that includes you, Funny) exempt from making the retroactive payments on these intervening months since leaving my former place of employ.
As they say …
This initial payment premium is for the retroactive coverage period from the date of loss of coverage to the date you elect continuation coverage.
That’s disappointing.
May 30, 2009
Ah yes, hindsight. I knew this layoff was coming, most likely mid-year, yet it took me until April to start making appropriate adjustments.
Earlier this year, it was important to have cash on hand, so I cut back on retirement contributions to a bare-bones 3% (not including company match, which was maxed). My reasoning at the time was sound, but flawed due to incomplete knowledge.
Error One: I’m entitled to severance equal to one month pay when I separate from this employer, as well as over 200 hours of vacation pay. Didn’t take that cash payout into consideration. I made this assumption because I hoped to quit before the layoff which would have meant no severance.
Error Two: For another, my cash savings program was much more successful than anticipated. In January, I had $7000 for routine monthly expenses and $23,000 in savings. Since then, I’ve added ~$10,000 to those accounts, all while still paying bills. I could have spared a few thousand for retirement savings, considering the “sale prices” of the past several months, without being cash-poor & investment-rich post-employment.
Error Three: I didn’t consider that I’d be eligible for unemployment, and that it’ll cover all my monthly bills. At the time the plan was conceived, monthly expenses were well over $2000/month, so I estimated needing at least $35,000 in cash for 12 months of unemployment. In the meantime, the truck was sold, the family car was totaled and if nothing else, my monthly needs improved tremendously thanks to both events.
Being that pessimistic means I have an unusual stash of cash, just sitting around, while only having made just a little over $2000 in retirement contributions. Ergh. I hate throwing away both the opportunity to invest at lower prices and the tax benefit.
Don’t get me wrong, I’m certainly not bemoaning doing better than expected, for heaven’s sake. I’m just wishing I’d done a little better at making decisions based on the long-term, or at least considering the whole fiscal year. I subscribe to the “hope for the best, plan for the worst” mentality, but I clearly need to work on my automatic worst-worst-worst case scenario planning reflex. It’s a little dire. After all, it’s not like it’s the Zombie Apocalypse.
Of course, I haven’t hyperventilated about being a bag lady in a while, so maybe that was necessary for peace of mind.
For now, I’ll make a small adjustment to my contributions for the last check and leave payroll alone. Maybe I’ll make a few smaller investments, in addition to the CD I just bought. No sense in fussing too when we have so little time left, not until I learn how to read the future!
[Dear Magic 8-ball: will I find a good, well-paying job with benefits adjusted for COLA this year? What’s that? “Concentrate and ask again”? Hmph. I prefer Neil Gaiman‘s Magic 8-ball. I miss it.]
February 16, 2009
Seriously need to stop these consumerist cravings:
1. Electric blanket
2. Down comforter
3. Duvet cover
4. Water bottle/thermos
5. Cheese grater
6. Cheese slicer
7. Lifetime supply of block cheddar cheese and Jeno’s pizzas (at 50 cents a pop).
8. Oversized mugs
9. Cool new Tupperware
10. All new cooking implements of my very own
11. A new home to put everything in!
12. Chibi Chun Li keychain
13. New Lone Wolf and Cub books
14. Cinnabon
15. Full sized bed
16. All new bedding (but I still love my memory foam pillow)
Someone please make the list stop!! At least I still have my two front teeth. *sigh*
January 28, 2009
Things I wish I’d done in the last five years:
1. Started a CD ladder. Even if it were just a little thing with a few hundred per step, I wish I’d realized that I wouldn’t need everything in the e-fund immediately.
2. Contributed more to the Roth: it’s the only investment I have that’s doing well in this market.
3. Applied for a job in San Diego in the comic book industry two years ago. I was afraid to take the leap and it would been really cool to have a foot in that door.
Conversely, I’m glad that I did not:
1. Go straight into grad school out of college. Not only would I be in debt, I wouldn’t have known what my professional strengths and likes/dislikes were.
2. Continue to bail out my brother. Telling my brother that his free ride was OVER might have been painful for me to say, unbelievable for him to hear, and shocking for fellow bloggers to read, but it was past time that he started to grow up. Of course, my decision alone didn’t matter until he’d hit rock bottom, but it was the right thing to do at the right time.
3. Let go of my responsibilities before I was ready, as some friends encouraged me to do. They just worried about me, but my OCD attachment to PF over the years has been a blessing in this blog, the friends I’ve made through the community and the knowledge I’m able to use and share.
While washing my hands this morning, I had two long term goals occur to me:
1. In the job after next, I would like to be earning a six figure income.
2. And I want to save half of that income. My portfolio/net worth would be SO awesome!! Muahahha…..
Anybody else reflecting on their dids and didn’ts lately? Care to share?
October 1, 2008
(‘though, how often are revelations expected?)
While flipping through my planner for the thousandth time this morning, something caught my eye. I had today marked as the first of three paydays. Which is great! After all, it’s an integral part of The Plan, and when is a three paycheck month ever bad? Exactly!
Except I was just paid last week. And since that clearly did happen, and we don’t get paid weekly, my planner must be wrong.
That means I’ve thwarted myself by incorrectly planning on three paydays in October instead of December. Drats.
This isn’t a disaster, it’s just a little disappointing that there won’t be a whole check I can throw at savings/expenses. I’ll work out the math a little later.
September 2, 2008
This weekend, I tried every which way to put together an outfit appropriate for making an excellent first impression in a business-casual encounter. Not for quite a formal Interview, call it a prelude to an interview sort of dealie. I wanted to establish a (preferably black) trouser, crisp button down shirt and belt combination as a go-to staple in my wardrobe.
Unfortunately, my attempts to look sharper at work on a daily basis have reduced my best black pants to second-best. They’re still nice, but they’ve lost that sharp, crisp look that gives off *professional* so well. Alas, they’re a bit worn. That’s what happen, y’understand, when you actually wear things on a regular basis and possibly also when you’re most frequently shopping bargain bin. At my size, bargain bin and quality don’t always go hand in hand.
In my frustration, I groused to a dude friend about the pants I didn’t think would be tailored quickly enough, and he convinced me to go shopping.
Macys, I decided. Macys would have a grand Labor Day Sale and I was armed with a coupon and gift card. To Macys!
To Macys we went, and seven pairs of trousers later, my attention span somewhere between my heel and the tiger bandaid on my foot to fend off a threatening blister, I was about to give up. I had, for once, been smart enough to wear heels of the approximately appropriate height that would normally be worn with the pants. Smart, I say! Except my feet were tired within twenty minutes and being somewhat less of a shopping maven as, say, my dude friend, I was ready to give up. He refused to hear anything of it, “we haven’t even gotten started!” and chivvied my lazy bum out to the next stores.
Le sigh.
It was a good job he did though because we hit the jackpot at Ann Taylor Loft. I only had a $30 gift card there, but I found three pairs of pants, all 00P, and promptly sent him to scour the sales racks while I found the dressing room. Had not yet gotten my hopes up since the price tag I saw was $79, when I tried on the first pair and my jaw dropped. They FIT. Perfectly. Seriously, they fit absolutely perfectly. Waist, length, tush, rise, everything. The only possible objection was that the fabric looked like a softer, heavier cottony material, instead of that more coarse, crisp polyester blend that’s commonly accepted as the more professional look. It also buttoned across the front, so it didn’t have belt loops. The next pair was the preferred material, and just about a perfect fit as well. It turned out they were the $79 pair, though, and for more than eighty dollars after tax, I’d like to see some lining in the pants. The first pair were *only* $60, machine washable, ever so comfortable and once again: fit perfectly.
I bought them immediately. So, chalk one up as a win for the wardrobe, and a $30 hit to the pocketbook. Overall? No blister = a good day.
Caveat: I would normally never advocate the immediate, impulse purchase of a nonsale item, but … it happens. And it happens more often because the good quality 00P sizes don’t occur very frequently in nature. This is an unfortunate, incontrovertible fact. I promise to take very good care of them.
P.S. I suck. There was a printable 20% coupon online valid this weekend. Drat. Should have checked before I left.
July 17, 2008
Geez. I had it all worked out: the amounts I had to pull from the expense account, and from the other maintenance (short term savings for car, insurance, and travel) for the enormo credit card bill that was due on Tuesday. And I made the payment when due.
But I forgot one thing. I forgot to transfer the entire collected amount from the expense account to the checking account. Now how do you forget something important like that???
Igh. I still can’t believe that with my obsessive little system, I had all the money, and I still forgot an essential step. Now I have to throw myself on the mercy of Citibank in hopes they won’t charge an overdraft fee since I’ve never made this stupid mistake with them before. Seriously, this is why I’m always paranoid: I make stupid stupid mistakes.