Why Money Matters

Rubbing Pennies started as a personal challenge to save $10,000 in one calendar year. As a young couple, we (Ian and Jen) know how important it is to live within your means, avoid acquiring a lot of debt and have a healthy financial cushion to fall on in case of emergency. On April 10, 2010, we set out on the journey of marriage with two steady incomes, a newly purchased home, one vehicle payment, and a very modest savings account. In an effort to beef up our piggy bank, we launched Rubbing Pennies in January 2012. This is our story of how we love the life we live, and how we can afford it.

Monday, February 13, 2012

Unexpected Money

   As I mentioned in the "Budgeting Basics" post, we have made a commitment to save any money that comes in over and above our regular paychecks. Overtime, commission checks, tax return, etc.   
   Last week, we received two unexpected checks. One was from Ian's boss - a $100 bonus for having such a good month (January) at Gulf to Lake Sales. Ian is a really hard worker and makes a lot of sales. He could sell a boat to an aquaphobe :)
   The second check we received was from Wells Fargo. We overpaid into our escrow account in 2011 and got a rebate check for $175. Yay!
   That is nearly $300 we were not expecting to get at all, and therefore had not planned on using it to pay anything. So into savings it goes. (See savings ticker)
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