Money Money
Mar. 21st, 2008 12:48 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
susandennisWhen I have work to do, I make a very good living. When work is slow, it's not such a good living. No work hours = no pay. I have always had a sizable rainy day stash in a Corporate One high yield savings account - available whenever I needed it. Over the past two years or so, I've only added to it, never needed to take from it and grateful for the cushion.
Then the interest rate plummeted and it became wasteful to keep it in an account that earned relatively nothing so I turned it over to my investment guy at Ameriprise to invest with my long term retirement monies.
Minutes after I did that, my co-worker announced he was leaving. Work has been slow but with him gone, it will, I suspect stay slow and/or get slower. (We backed each other up on various projects and now I suspect they will move those projects to other people.) (And, while all I have to do is ask for more work and it will come, there are some ancillary reasons why I don't do that, not yet.)
Long term, I'm set. Short term, not so much. I've been consumed by coming up with considering alternatives, coming up with a plan, fashioning a bunch of it/thens and figuring out possibles.
And I finally think I now have it. My real estate tax and my income tax bill - both due in April will cut a deep hole in my petty cash so the first order of business is to fill that hole back up. Plus, I want to have 3 months living expenses in hand (in my easy to get my hands on savings). I have 1.5 months now. refilling the the tax hole will bring that up to 2.5 so I'll only need a little more to get to 3. Spending like a drunken sailor needs to be suspended during until I can get there. I figure if I get lucky, I could get back to drunken sailor spending by the end of April.
I feel better now that I have a plan. The older I get the more anal about all of this I get. In the grand scheme of things, I have plenty and will be able to live nicely for way more years than I probably want to. I just don't want to be a short term money fool.
In this process, I also set up my Ameriprise accounts so I can transfer money to and from electronically without having to write any more checks. Whew. And I can also dip in for a little if I have to without having to go through my financial adviser if I want to. This makes me feel better, too.
Whew.
Then the interest rate plummeted and it became wasteful to keep it in an account that earned relatively nothing so I turned it over to my investment guy at Ameriprise to invest with my long term retirement monies.
Minutes after I did that, my co-worker announced he was leaving. Work has been slow but with him gone, it will, I suspect stay slow and/or get slower. (We backed each other up on various projects and now I suspect they will move those projects to other people.) (And, while all I have to do is ask for more work and it will come, there are some ancillary reasons why I don't do that, not yet.)
Long term, I'm set. Short term, not so much. I've been consumed by coming up with considering alternatives, coming up with a plan, fashioning a bunch of it/thens and figuring out possibles.
And I finally think I now have it. My real estate tax and my income tax bill - both due in April will cut a deep hole in my petty cash so the first order of business is to fill that hole back up. Plus, I want to have 3 months living expenses in hand (in my easy to get my hands on savings). I have 1.5 months now. refilling the the tax hole will bring that up to 2.5 so I'll only need a little more to get to 3. Spending like a drunken sailor needs to be suspended during until I can get there. I figure if I get lucky, I could get back to drunken sailor spending by the end of April.
I feel better now that I have a plan. The older I get the more anal about all of this I get. In the grand scheme of things, I have plenty and will be able to live nicely for way more years than I probably want to. I just don't want to be a short term money fool.
In this process, I also set up my Ameriprise accounts so I can transfer money to and from electronically without having to write any more checks. Whew. And I can also dip in for a little if I have to without having to go through my financial adviser if I want to. This makes me feel better, too.
Whew.
