Bonus Money – How We’re Spending It (December 2010)

So Richard received another one of those quarterly bonuses and it was the most he’s ever been given! The grand total was $17,500 but after taxes we were left with $10,161.23! These bonuses have been coming every 3 months for over a year now, but the reason we don’t include them in our income is because you never know when the money will stop coming in. Bonuses are not guaranteed. The amount given (if anything) all depends on how well the firm does (hubby is a stock trader). We would be very sad if one quarter he didn’t receive a bonus, but we would be very happy to know that we didn’t include these amounts in our budgets, otherwise we would be in some serious trouble.

So – here’s how we are spending this bonus:

1. Dinner Out = $80
2. Website Giveaways = $500 – this one’s for you all!
3. Photo Prints & Albums = $500
4. Boxing Day Sales = $200
5. Filing Cabinet = $35
6. October & November Budget Overages = $264.31
7. Special Christmas Gifts For Our Parents = $1470
8. New Cellphone For Richard = $259.89
9. Shoppers Drug Mart Redemption (Taxes) = $75
10. Richard – Course For Work = $1400 (he will be reimbursed later and we will treat that money as extra income)
11. Investment Account = $1300
12. House Fund = $4050
LEFT OVER = $27.03

Our house fund is really growing now… the total is already up to $7,174.77 and we just started saving in August! Richard really wants to start trading more, so that’s why we put a good chunk of money in the investment account. The rest is just miscellaneous things that we want/need. We always allow ourselves to splurge a little bit when we get a large chunk of cash like this. I don’t want to be too stingy, or saving for a home of our own would be a chore, and I want it to be fun! As long as the bulk of the cash goes into the house fund, I’m happy. 🙂

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Comments
  1. Tiffany says:

    Wow wtg on the house fund!

  2. Carla says:

    Holy *expletive*!! That’s a nice bonus! LOL!!! Does your hubby wanna get my hubby a job where he works? 😉

    Congrat’s on the house fund being funded so well already!!! Yay!

  3. Sun says:

    Quarterly you say, eh? And I thought MY bonus was pretty impressive. Haha!

    My annual bonus is his quarterly bonus! I think I’m in the wrong area of the bank. LOL

    Enjoy! Happy to see your house fund is growing nicely. 🙂

  4. me! says:

    wow $500 on prints and photo albums, that seems like a crap load, would be smarter to buy a few digital frames and do it that way

  5. admin says:

    i actually dont think the digital frames would be smarter. i hate digital frames as i think they are a waste of electricity. i love looking through photo albums and love to display albums.. but that’s just me!

  6. Me Again! says:

    Really nice bonus, congrats, working hard does pay off, 12 hours is not your average work day! Good on you for not including bonusses in your budget, I’ve seen alot of people get burned this way 🙂 I love “real” photos too…. 🙂

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