Monday, 8 June 2015

Retro Pay Update: The Final Numbers

G’s paycheque was uploaded to ePost this afternoon and I was able to see what he would be taking home after taxes and deductions. A little over $4000 will be deposited into our account Wednesday after taxes and deductions gobbled up about 40% of his gross pay. I’ve been calculating and plugging away the numbers to see how things will pan out this month. We have about $1390 sitting on credit cards from the end of May (namely vet visits and our plane tickets to Vegas) that will get paid off before any interest hits & then Friday when my pay gets deposited I will transfer $2000 to the LOC.

We should still be able to make an additional payment to the LOC this month no problem. And that was calculating that G’s second paycheque for the month is just his regular pay – when infact he is owed a bit over $3600 in overtime from back in April. I was surprised not to see it on this pay but I’m guessing it was less confusing with the retro pay calculations on this one. It would be awesome if it was on next pay because that would definitely have him hitting the EI maximum for the year and be just short for the CPP max. It’s going to be so nice once those deductions are gone!

Although, we are planning on eliminated at least $4000 worth of car debt this month, I also think it’s important that we have a bit of fun aswell. G and I have a few weekends off together this month (which is extremely rare) so it might be a nice treat to head out to the lake about 30 mins north of us and rent a boat for a few hours. It’s something we both enjoy and we always pack a nice picnic. Saskatchewan seems to have completely skipped over spring and gone straight into summer. I’m not complaining, but keep telling G this is perfect boating weather lol. It’ll be nice to spend that time with him too because I don’t actually get to see him much this month.

sigh - After eight months of waiting and waiting I’m so glad this raise thing is finally figured out and we have the numbers. I can’t wait for the LOC to go down to 4 digits! :D

- M


  1. That's awesome that it's all coming together with the raise!