Thursday, February 16, 2017

Why I love February... (No, not because of V Day)

We are paid monthly here in this country. Retired people get paid every quarter unless they opt to be paid their retirement pensions on a monthly basis. Mom likes to get paid quarterly. She is used to budgeting that way and saves quiet a bit of money each quarter.

I love February because we get paid in 28 days :)

My salary is paid on the last day of the month, my retirement pension is paid on the 24th and my tenant pays the rent on the 16th of every month.

The large portion of my payments are due at the beginning of each month. Small expenses are scattered throughout the month. I diligently keep a budget and know exactly how much money should sit in my checking account for automated payments. Missing a payment because of sloppy tracking is a no, no in my book. After all, this is not rocket science.

My largest income comes in on the last day of the month so, this makes it very easy for me to set aside what has to be paid out before the rent money and pension comes in. I also set aside money for expenses and the rest goes into savings directly.

At the end of the month, right before I get paid my salary, I transfer the remaining balance in my checking account into savings and calculate my progress.

Every month, I look at my numbers and enjoy seeing a steady upward trend in my savings.

If I find myself out of the door when the company is sold, I will not be able to enjoy this any longer. So, I am trying to make the best of it while I can.

I spoke to my boss this morning and he told me that he is now expecting the big company to give him an offer for ours. Yikes! This is too soon! I hope, the negotiations last at least until June. The big company has to go through some legal hoops since their stocks are traded both in Turkey and abroad. I just hope, that takes a looong time.

After that, I will try to hold onto my job as long as I can. There will be a transition period, I am sure. The excitement of not knowing what is going to happen is actually very stressful and I just realized that, this is affecting my sleep very much.

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