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February 16th, 2011 at 06:53 pm

I got a rebate check for my disability premiums, today. This makes the cost the equivalent of $150 per year for good disability insurance. (Sounds crazy but it is true). It is through my professional association, and so I suppose accountants don't get disabled as often as other professions. Accordingly, hard to beat these rates. I suppose my membership due would also sway those costs, but my employers have always paid for that part.

Short-term disability is actually mandatory to have in California (paid through payroll taxes), so I also have a one-year waiting period for the long-term policy, which significantly decreased the cost, as I recall. Short term disability pays about as well. (maybe $3500/month versus $4k per month).

Anyway, I hadn't looked at where I was for the end of the month. Dh took out $40 for some game buying/selling, but I got a $70 amazon deposit today (game sales). What a day, huh?

I needed to buy another set of aerobics classes ($30) and I ended up being about $50 short in the check book, after all that. At face value, the school charity dinner came from cash flow (which is impossible) so instead of transferring the money from savings, it will come from my insurance rebate.

This leaves about exactly $60, which I added to the mortgage payment.

As it stands, I want to come up with another $2k for the mortgage, this year. IT will be interesting to see what else we can come up with. During summer we tend to splurge this kind of stuff (rebates) on outings, etc. BUT, this time of year - we are bloated on stuff from Christmas, the weather sucks, and I am working 6 days a week. To the mortgage. Where else would it go? Usually cash savings or retirement, but this year we have mortgage front of mind.

IT is working well because dh is more motivated by mortgage pay down. I will have to meditate on that next year when the mortgage might not be my primary goal. I don't know why I didn't figure this out sooner. If I want him to get a job, I just have to talk about the mortgage a lot. Hmmmmm... Talking about IRAs is just not his language, for whatever reason. HE is crazy debt adverse, but he is also a huge saver. I have said before, I think not working just doesn't make the IRAs that much of a priority. I just wish he cared more about me being able to retire some day too. Big Grin

I can just see it now - when he returns to work we will agree 100% his income to mortgage. You will all tell me that's crazy, and I will say, hey, we SAVE more this way. You got to play the psychological angle once in a while.

2 Responses to “+$112”

  1. ThriftoRama Says:

    Hmmm. What would be an accountant's disability? Headaches due to the ever-changing tax codes?

    And I don't think 100 percent of the second income to the mortgage is weird. That is what we did to pay off this house! Then, 100 percent of my income went into savings -- after maxing out both of our 401ks. I admit the only thing I miss about full-time work is the 401k. Sheer savings bliss!

  2. Melissa Says:

    DH is a CPA and I'm assuming you both get your disability through the same organization. I can't believe how cheap it is! We also both have life insurance through them. Again, it's super cheap! Yay for being an accountant. Big Grin

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