Surprise

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. Whenever I have budget surprises, they normally aren’t the happy kind.  They usually mean something has been more expensive than I anticipated or there was an unexpected expense.  This time is different however.  There is going to be a surprise source of income. My wife will start bringing in an income starting in September.  She will be providing childcare for someone 5 days a week.  She will be earning between $1,000 and $1,400 dollars a month depending upon the number of days she watches the baby.  Since I don’t count on her for any income, this certainly will be bonus income. What to do? The easy answer to this question would be to save it all.  Though it would not be easy to convince my wife this is the best course of action.  So, I need to balance saving some of the extra income with the need to enjoy some if it too.  What I … Read more…