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Potential Income Scenarios

May 29th, 2013 at 07:13 pm

Itís great to be earning real money again!!

For three-and-a-half long years you've heard me whine about how little money I have and how far I have to stretch it. I'm afraid you're in for a lot of posts about what I'm going to do with a lot more money soon!

So Iím playing with various scenarios for potential income at my new job. Itís based on an 8-hour day with a half hour for lunch and working either 3, 4 or 5 days a week. This week I worked just 2 days and next work Iíll be working 3 days.

3 days a week = $765 gross a week
$3315 gross a month
$2592 net monthly
$600 discretionary income

4 days a week = $1020 a week
$4420 gross a month
$3315 net monthly
$1315 discretionary income

5 days a week = $1275 a week
$5525 gross a month
$3990 net monthly
$1990 discretionary income

The discretionary income is money left over after paying my minimum monthly expenses of around $2,000. This money could be saved or spent, or some combination of the two. It does not include money earned from my freelance work which I hope to continue in some form.

By working full-time, you can see my discretionary income more than doubles, from $600 monthly to $1990 monthly. Seriously wonder if I can do that, though todayís commute was a more reasonable one hour both ways.

Oh, the possibilities.

Today was much like yesterday except that I got to edit a roughly 40-page document in the afternoon. She seemed to like my edits. Iím done for the week. Hooray! I suppose I may have to wait another week before getting paid for this week. But itís fun to note that in 2 days here I grossed more than I would have made after 5 days at that other proofreading job I had.

Day after tomorrow, I pick up my brand new car!!

Tomorrow I'm looking forward to catching up on mowing, getting a cashier's check from the bank for the car payment and doing some other housekeeping stuff here. May also swing my girlfriend's (my former job share person) to show off the car Friday.

Insurance agent gave me prices for the new car insurance based on a $500 deductible, as well as $1,000, $1500 and $2,000. I went with the $2,000 since I've never filed a claim and don't intend to start, and I want to bring that soon-to-be-recurring annual expense DOWN.

A stupid thing happened with one of my credit card payments. I sent payment in a while ago and they informed me the payment was rejected. I checked and realized I'd left off the first 3 digits of my bank checking account number. Luckily, I had made the payment very early on so there is no late payment fee, but if I want to use that account again, I now have to get the bank to indicate on their letterhead that this is the correct account number, etc. Kind of a pain, but i have to go there tomorrow anyway for the cashier's check so I can do this at the same time.

Still no sign of the return of $500 deposit from Ford dealer! I have to call Chase again tomorrow to find out what's going on with that. I'm still concerned.

Also tomorrow I HAVE to go to landfill which I missed doing last week.

7 Responses to “Potential Income Scenarios”

  1. My English Castle Says:

    Sounds like it's going well!

  2. LuckyRobin Says:

    Does only working part time instead of full time affect your eligibility for medical benefits?

  3. PatientSaver Says:

    Lucky Robin, this is a contract job, so even if i work full time i won't get benefits like paid holidays, health insurance or paid vacation or sick time. Supposedly this job could turn into that but I've stopped really believing employers would do that.

    As my grandmother used to say about her idea of a man's attitude if you're having sex before marriage, "Why buy the cow if you can already get the milk for free?"

  4. rob62521 Says:

    Hope is a wonderful thing, isn't it? It's great seeing you so upbeat! Congrats!

  5. CB in the City Says:

    So happy for you!

  6. FrugalTexan75 Says:

    I'm so happy for you. Big Grin

  7. Ima saver Says:

    I am so happy you got the job!

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