32B's Blog

…where I write my words

I heart Personal Finance!

Piggybacking off My Employment Future, during our company meeting this past Friday it was disclosed that some offers have been placed on the table from interested parties so our owners will pick some one/company soon.  What the next steps will be are these lucky new owners coming in to do Due Diligence (I know what that means but not within this context) and they will be interviewing everyone.  Why?  That’s the part I was leaning forward at the edge of my seat to hear but all I got was a face full of floor because she never answered that.  My timeline of a few months or even a year is shot to hell since she clearly said “in the next few weeks” and warned us that there may come a week when we’d all be asked to work from the office just in case we are called on for an interview.  Oh, and dress business casual too.  Well, I got an email from my manager today saying our work-from-home days next week Monday thru Wednesday are cancelled and that we are to dress business casual for those 3 days.  I need a paper bag to breathe into.  Why is everything going so fast?!  Our CEO is 62 years old and her ex-husband (our Chairman) is at least 5 years older than that so I understand y’all want to retire but I still have a question to ask and no one but me seems a tad bit uneasy about this sell.  I’m not getting a phat check after the sale closes…I just wanna know if I should start kissing butts for a new job or am I cool.  For right now at least.  I guess D-day is next week….dress to impress whether or not I think it matters.

A co-worker was offered a new position in QA which is a new one-person dept created just for this new role which we really needed a looooooong time ago.  How does a software company NOT have a QA dept?!  I have no freaking idea!  It’s a Microsoft Vista situation waiting to happen.  So, this co-worker accepted the position which includes a pay raise since the last time the position was offered to the same co-worker sans pay increase it was turned down.  Co-worker tells manager (after accepting position) that he is moving to PA with his wife.  Manager talks to the corner offices who agree to keep employee on but allow this person to work remotely full-time instead of hiring someone who knows nothing about the system(s) and lose someone who has 5 years of knowledge stored in their head.  This person makes employee #2 who is a full-time remote employee.  The other is a computer programmer working from TX.  My point is….there really isn’t any but maybe it will come to me later.  This person who is moving to PA just passed his 5 year anniversary too and received a check.  You got a pay raise, allowed to work remotely, and a check for staying here 5 yrs….is this not a great situation or what??  I kinda wanna know who the new owners are.  I am anxious for next week in a good and bad way but I shall plan for the worse but pray for the best.  I don’t wanna be laid off.  I don’t wanna job hunt.  I don’t wanna be like so many others out there scraping for anything.  I don’t wanna go back to school either.  I should title this post “I don’t wanna….”

My budget is revealing little things about my spending habits I didn’t want to admit to myself such as I spend way too much on silly things at CVS just because it’s walking distance from my house and they give me $5 off coupons.  I am recording every single penny spent.  A lot of work but necessary.  If I spend $100 at Wal-Mart I force myself to add a comment (using Excel) documenting all the items bought that equaled $100 so I know what I really didn’t need and where I need to be more disciplined.  So far, I am about $100 over budget which means I spent more than my recent paycheck and now must either dip into my savings or use what I had in my checking account before this paycheck was deposited.  I told myself that I don’t need a budget because I can add, do bookkeeping in my head, and I know I am not dropping big faces at the mall but it’s a big difference when you see you don’t have to go to the mall to overspend on stuff you don’t need. 

My ex lost his permanent job weeks ago (he just told me this last week), has been working a temporary job (which explains my low child support payments), gets a new assignment next week, and is trying to network for a permanent job outside of retail in time for the kids to come for summer since the long hours of retail don’t do so well with having at least 3 kids to take to and from daycare.  Yeah, I thought everyone knew that one.  This puts my budget and savings in trouble because I didn’t expect to spend my money on daycare which his child support pymts are supposed to cover which blows my pretty little Excel spreadsheet with the formulas programmed to calculate columns for me to smithereens and makes me wanna call Wayne Brady to choke a b*tch (Dave Chappelle).  My attorney gave me my options: A) change my case standing from private to public which means the courts handle it all and she is left out of it.  The pro is the state can intercept his tax check like everyone who played against the Bears this season.  The con is that the state may lower our agreed child support amount from the divorce papers to match his income which will leave me with pennies just because he eff’d up his career for some lil na na.  B) file paperwork to hold him in contempt of court since he is not adhering to the divorce agreement as it applies to child support.  It will take 4-6 weeks for the judge to review my case and assign a court date (I hope I don’t have to attend) at which time the judge will decide between jail, work release (locked up still but allowed to leave for work only), or a personal finance class to teach him how to budget his money.  The pro is the judge will force him to catch up and he will understand I pull the reigns in this so pay up!  The con is I have to pay for my attorney to file and pursue this issue in court.  Either way it goes, I come out my pocket money but, long-term I gotta think about this strategically.

My investments are doing well…..all 12 shares of them.  I didn’t have a lot of money to start investing in and I didn’t want to use any of my money so I used Mr. D’s instead.  I sold some and bought some more but I have gained 21.26% thus far.  My 401k is rising, then dropping, then rising, and then dropping a bit more but it’s on the up tick right now.  I have been reading about mutual funds and ETFs and how to make an income off them too.  It’s a lot of reading but it’s worth it.  I have funded my revocable trust.  Only thing left to add to it is my bank account which I never seem to have the time to do.  Still have not bought life insurance because I was making sure the 20 year term so cool since my kids will be 24 and 28 and fully capable of taking of themselves by then (they getting the hell outta my house anyways), the cost difference between a regular term policy and the ROP (Return of premium) policy, and confirm which non-medical exam policy I was going to settle on.  You would think I was dying tomorrow….well, lets pray not.  Once everything is finalized my net worth should definitely be more than the $5 some article said most African-American women are worth nowadays.  Kick my butt Mr. Article!!

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March 29, 2010 Posted by | Career, Life | , , , , , , , , , , , , | 2 Comments