LSUCrawdaddy

I found a high deductable policy ($5k). It covers me (31), wife (30) and our 6month old for about $300/month. We started a HSA for each employee enrolled and the deductable ($5k for family and $2500 for single) is incorporated into their yearly salary as a tax free bonus. Once the deductable is met, Insurance pays 100% of EVERYTHING. We just started in August, so the only thing we have been out of pocket is the doctors visit for my sons immunizations, but I just wrote a check from my health savings account to cover the cost.

The employer wants to pay everyone in advance. The goal is to pay everyone on 12/15 for all of December and January. This will make January’s paycheck as taxable income for the 2010 tax year but only making the taxable amount for 2011 based on 11 months of income instead of 12. That is of course unless the employer decides to do the same thing again.

I typed FICA while I was thinking about social security and I deal with social security numbers (SSN) all day long. I may have been typing faster than my brain could compute. The question remains what would the total deduction be after federal & state withholding, Medicare and social security?
$6800 is the taxable amount.
And yes, employer does match contributions.

SSN = Social Security
FICA = Federal Witholding
sorry about that, my head is spinning 1000 ways this morning

I've only been in my home for a year and half no $$$$$'s down so HELOC was out of the question.

quote:

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Have you thought about selling your truck, buying an old reliable pickup, and using the difference to pay some debt?

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I have, but that makes me :wah: thinking about it. have to have internet as wife will be working from home. Have not had cable TV in over a year. I just cancelled our cell phone plan, that was $150/month.

I think most of the CC out there are variable rate's and at the end of the promotion period they go up to the service rate, usually around 12-13% APR now. I have one card that is 8.99% and has been for the past 3 or 4 years that I transferred higher APR CC balances too in order to pay them off quicker. I do not want another card that will raise my rate because they feel like they can. I have cut up all the ones I had and have decided I will never own another (may have one with a $1k or 2k limit that I know I can pay off in a couple months for emergences).

Issue of not getting the yearend bonus and wife working less (pregnant, she is due at the end of April). My income alone is just getting us by. I have budgeted our money and after all bills and money taken out for groceries and gas, we have about $150 every two weeks in discretionary funds. I don’t think now is the time to ask for a raise (although I deserve one, it’s been two years since I asked for my last one and I have taken on a lot of responsibility and work longer hours) My subtle attempt at self gratification.

1st home, VA loan no money down...soooo. I just hate the 20 and 30% Int of the fricking CC's :banghead:.

BTW: CC's have been destroyed. I had two bank cards and two gas cards, wife had 3 bank cards and a old navy.

Looking into getting either a line of credit or signature loan.

Reason: To pay off credit card debt on cards that are now upwards of 20% one even pushes 29.9%. Wife and I have a little over $10k in credit card debt.

We own have a house note ($974/month) and two :banghead: car notes ($700/month). Her transmission went out last year on her Honda that had over 200k miles. My truck note will be paid off this summer so we thought we could swing it at the time since we had some savings.

Savings are gone (due to medical bills and high deductable ins).