My wife started her new job today and it's going great so far. She'll be spending most of her time the next couple of months on home study, but is excited to get out in the field.
Check out some of her benefits:
* $0/month out of our pocket for health and vision insurance for both of us
* Complete home office (laptop, printer, etc.)
* Reimbursing for internet and cell phone service
* Company car / gas card
I'm so proud of how she is doing in her career. She keeps upgrading from one great job to another.
Showing posts with label Career. Show all posts
Showing posts with label Career. Show all posts
April 16, 2010
April 1, 2010
Offer Letter
My wife just received her offer letter and it’s a good one.
They offered her a $60,000 base, $4,500 more than her last job. Also included in the offer is a bonus structure for up to 25% of her base pay. She also gets a company car and a complete home office.
That is WAY more than I made when I was 26 years old. Come to think of it, with her bonus and company car, it’s more than I make now. Good thing I’m man enough to admit it.
They offered her a $60,000 base, $4,500 more than her last job. Also included in the offer is a bonus structure for up to 25% of her base pay. She also gets a company car and a complete home office.
That is WAY more than I made when I was 26 years old. Come to think of it, with her bonus and company car, it’s more than I make now. Good thing I’m man enough to admit it.
March 13, 2010
Wife Laid Off
My wife’s company has been struggling and finally decided on Friday to layoff the entire sales force off.
It’s unfortunate, but not a total surprise. She had already survived 2 rounds of layoffs with this company and there were rumors and signs things were coming to a head.
Where does that leave us? Not in too bad of shape, actually.
• She will receive 2 weeks severance
• Her vacation will be cashed out
• She’ll be bonused on any sales until 4/2
• She gets to keep her company car for 2 more weeks
With $475/week of unemployment and reducing some of our expenses, we shouldn't even have to dip into savings. Speaking of savings, with our tax return, our savings jumped from $4,327.37 to $9,320.43. We’ll likely need to use some of this to buy a used car, but the rest can act as a cushion. Plus, we should be able to continue to add a little bit into savings each month.
My wife is so on the ball, she’s already lined up a phone interview for tomorrow.
It’s unfortunate, but not a total surprise. She had already survived 2 rounds of layoffs with this company and there were rumors and signs things were coming to a head.
Where does that leave us? Not in too bad of shape, actually.
• She will receive 2 weeks severance
• Her vacation will be cashed out
• She’ll be bonused on any sales until 4/2
• She gets to keep her company car for 2 more weeks
With $475/week of unemployment and reducing some of our expenses, we shouldn't even have to dip into savings. Speaking of savings, with our tax return, our savings jumped from $4,327.37 to $9,320.43. We’ll likely need to use some of this to buy a used car, but the rest can act as a cushion. Plus, we should be able to continue to add a little bit into savings each month.
My wife is so on the ball, she’s already lined up a phone interview for tomorrow.
December 4, 2009
This Is Only Drill (at least for now)
My wife found out yesterday at 30% of her company received an email that morning explaining they were laid off. We feel terrible for her coworkers that were laid off, especially right before Christmas.
Thankfully, my wife kept her job, but it was certainly a wake up call. So, I ran through the numbers to see how we would have been affected if she would have been part of the lay off.
The 1st negative impact would have been losing the $2,770/month income she takes home and her quarterly bonuses. Next, would be her company car and $110/month in cell phone and internet reimbursements. Finally, she'd lose her insurance and 401(k) plan (which she contributes 15% to).
We took a look back at what unemployment paid her before she found her current job. I was surprised it was a little over $400/week after taxes. That more than I remembered and supplements ~60% of her regular paychecks. Cutting back a bit on our retirement contributions and unnecessary spending would make up the difference. Losing the company car would be tough, but since we just paid off our $450/month auto loan, we're in a better position that ever to take on another (small) auto loan, if necessary. Health isurance is very important, and since my wife is young and healthy, she easily qualifies for good health insurance that only costs $80/month.
Working through this drill was reassuring. Should her company do another lay off in a few months, and if she is let go, we should be fine. One possible wrench is my job. Sales are starting to soften a bit at my company, but we're introducing innovative new products in February that should increase sales. Worst case scenario, I believe I'd be keep on until at least May. In the meantime, we'll start socking away cash for added security. And of course, say our prayers.
Thankfully, my wife kept her job, but it was certainly a wake up call. So, I ran through the numbers to see how we would have been affected if she would have been part of the lay off.
The 1st negative impact would have been losing the $2,770/month income she takes home and her quarterly bonuses. Next, would be her company car and $110/month in cell phone and internet reimbursements. Finally, she'd lose her insurance and 401(k) plan (which she contributes 15% to).
We took a look back at what unemployment paid her before she found her current job. I was surprised it was a little over $400/week after taxes. That more than I remembered and supplements ~60% of her regular paychecks. Cutting back a bit on our retirement contributions and unnecessary spending would make up the difference. Losing the company car would be tough, but since we just paid off our $450/month auto loan, we're in a better position that ever to take on another (small) auto loan, if necessary. Health isurance is very important, and since my wife is young and healthy, she easily qualifies for good health insurance that only costs $80/month.
Working through this drill was reassuring. Should her company do another lay off in a few months, and if she is let go, we should be fine. One possible wrench is my job. Sales are starting to soften a bit at my company, but we're introducing innovative new products in February that should increase sales. Worst case scenario, I believe I'd be keep on until at least May. In the meantime, we'll start socking away cash for added security. And of course, say our prayers.
May 15, 2009
$1,000 Unexpected Bonus
My wife was informed by her company yesterday that she will be receiving a $1,000 bonus this weekend. This is in addition to regular bonus that she should receive in July.
Her company has exceeded their sales targets and, therefore, they are hooking up all of the sales reps. This is a huge blessing. We're going to use the money to buy a bedroom set that we were planning to pull money out of savings for.
My wife has been doing such an awesome job with her new company. She’s working hand-in-hand with the VP to secure a huge account. They have a meeting with the account next week that will include both the VP and CEO of her company. Talk about great face time!
March 5, 2009
Got a Good Scare
A couple of days ago, my boss told me that the Owner of our company may be laying off 20% of the company and that my name came up during a conversation. He explained that it was because I am not putting in enough extra hours during this very tough time for our company. I explained to him that, in addition to coming into work earlier than everyone each morning, I spend evening and weekends at home working.
Long story short, my boss spoke with the Owner cleared it up. I have also decided to put in extra "face time" at the office in the evenings to eliminate any perception that I am not working enough hours. Thankfully, our sales are up and there won't be a layoff this month. My boss assured me that I would not be let go if we do another layoff.
My wife and I have decided to focus on building our cash reserves again and reduce our retirement contributions. This will serve two purposes: 1st to provide security should I lose my job and 2nd to help us save for a house if I do not lose my job.
Long story short, my boss spoke with the Owner cleared it up. I have also decided to put in extra "face time" at the office in the evenings to eliminate any perception that I am not working enough hours. Thankfully, our sales are up and there won't be a layoff this month. My boss assured me that I would not be let go if we do another layoff.
My wife and I have decided to focus on building our cash reserves again and reduce our retirement contributions. This will serve two purposes: 1st to provide security should I lose my job and 2nd to help us save for a house if I do not lose my job.
February 6, 2009
My Wife Just Called. . .
I rarely post twice in one day, but today is an exception.
My wife called to let me know that she just received and accepted a new job. Since being laid off a month ago, she has been working hard to get back into the same industry. All of that work really paid off today.
The package is even better than her last job:
* Annual salary is $55,500
* Annual bonuses of approximately $16,500
* 2,500 shares of company stock
* 401(k) plan
* 2 weeks vacation a year, 10 sick days a year, numerous holidays off (including Christmas to New Years week)
* Company car
* Laptop computer
* Cell phone reimbursement
That is a huge blessing and something I know my wife will enjoy and excel at. She already gets along really well with the managers that she has met at the new company and is excited to get started. Her first day is the 23rd.
My wife called to let me know that she just received and accepted a new job. Since being laid off a month ago, she has been working hard to get back into the same industry. All of that work really paid off today.
The package is even better than her last job:
* Annual salary is $55,500
* Annual bonuses of approximately $16,500
* 2,500 shares of company stock
* 401(k) plan
* 2 weeks vacation a year, 10 sick days a year, numerous holidays off (including Christmas to New Years week)
* Company car
* Laptop computer
* Cell phone reimbursement
That is a huge blessing and something I know my wife will enjoy and excel at. She already gets along really well with the managers that she has met at the new company and is excited to get started. Her first day is the 23rd.
My Company Laid Off 4 More People
My company laid off four more employees this week, including my boss. That drops us down to 28 total employees. Thankfully, my old boss has come back over from our sister company to act as our new General Manager. I really enjoy working with him and am convinced that if anyone can help see our company through these challenging economic times, he can. Plus, I’ve stayed in touch with him since we last worked together and have been playing cards with him and some other friends every Wednesday night for the last few months.
These additional layoffs helped minimize the salary reductions that the rest of us have to take. I found out today that my salary will be reduced 10% (from $70,460 to $63,423), beginning with my 2/25 paycheck. I expected a salary reduction of up to 25%, so needless to say, hearing it will only be 10% was a blessing.
These additional layoffs helped minimize the salary reductions that the rest of us have to take. I found out today that my salary will be reduced 10% (from $70,460 to $63,423), beginning with my 2/25 paycheck. I expected a salary reduction of up to 25%, so needless to say, hearing it will only be 10% was a blessing.
January 3, 2009
God Takes Good Care of Us
My wife has always counted on God to help her when she needs to find a new job and it’s amazing to watch Him make things work out. Here are just a few examples from the past week:
She was informed on Wednesday that the company she interviewed with last month had decided to hire her, but unfortunately, the company was purchased and the new Owners will not be bringing any new employees onboard. It was sad that she was so close, but good to know that her interviewing skills are still sharp. Plus, this company may decide to hire her at some point down the road.
While we had hoped that she could seamlessly transition to a new job, it wasn’t in the cards. However, she received her final check from her company yesterday and it was much, much more than we thought it would be. She expected to receive 3 days pay for the end of December and 3 days of pay for her cashed in vacation time. Well, the check was for 13 days of pay for the end of December and 3 days of pay for her vacation time. After taxes and a $121 contribution to her 401(k), the check came to $2,150.26! This as a huge blessing and will buy us even more time while my wife looks for a new job.
My wife also received a call from a friend who offered her $360 if she would help her with her work one day this month. That’s good money for one day’s worth of work. My wife offered to help this friend last year when she was in a pinch, and although she did not accept the offer, she did remembered it and is now returning the favor.
My wife filed for unemployment last week and received a call from them yesterday. The lady told her that if she waited just one week, it would put her in a higher income quarter from which they calculate her benefits. This small suggestion had a big impact on her benefits, as they increased from $375/week to $450/week. Granted, she will miss out on one unemployment check because of the delay, but it will only take a few weeks to make up the missed check.
And finally, my wife has begun watching our neighbor’s child will probably earn $120 or more this month for just a few hours of work. Our neighbor’s child is a very good kid and my wife can take care of her and search online for jobs at the same time.
We’re confident that God will provide my wife with a great new job, but in the meantime, He’s taking pretty good care of us.
She was informed on Wednesday that the company she interviewed with last month had decided to hire her, but unfortunately, the company was purchased and the new Owners will not be bringing any new employees onboard. It was sad that she was so close, but good to know that her interviewing skills are still sharp. Plus, this company may decide to hire her at some point down the road.
While we had hoped that she could seamlessly transition to a new job, it wasn’t in the cards. However, she received her final check from her company yesterday and it was much, much more than we thought it would be. She expected to receive 3 days pay for the end of December and 3 days of pay for her cashed in vacation time. Well, the check was for 13 days of pay for the end of December and 3 days of pay for her vacation time. After taxes and a $121 contribution to her 401(k), the check came to $2,150.26! This as a huge blessing and will buy us even more time while my wife looks for a new job.
My wife also received a call from a friend who offered her $360 if she would help her with her work one day this month. That’s good money for one day’s worth of work. My wife offered to help this friend last year when she was in a pinch, and although she did not accept the offer, she did remembered it and is now returning the favor.
My wife filed for unemployment last week and received a call from them yesterday. The lady told her that if she waited just one week, it would put her in a higher income quarter from which they calculate her benefits. This small suggestion had a big impact on her benefits, as they increased from $375/week to $450/week. Granted, she will miss out on one unemployment check because of the delay, but it will only take a few weeks to make up the missed check.
And finally, my wife has begun watching our neighbor’s child will probably earn $120 or more this month for just a few hours of work. Our neighbor’s child is a very good kid and my wife can take care of her and search online for jobs at the same time.
We’re confident that God will provide my wife with a great new job, but in the meantime, He’s taking pretty good care of us.
December 16, 2008
A Little Breathing Room
I spoke with boss today about my wife being laid off and my concerns about decreasing sales at my company. He agreed that things are bad and said there will likely be another reduction in workforce in January or February. Thankfully, he told me that I am a core manager and would be one of the last people let go.
We discussed other areas I can contribute while the product line I manage is in the dumps. I was very encouraged to learn that I have a bit more job security than I had thought, although my boss was careful to say that nothing in this world is guaranteed. If we do have another layoff in the next couple of months, my boss indicated that we may also go to a 4 day work week with a 20% reduction in pay. That would be tough, especially with my wife on unemployment, but it's still doable and better than the alternative.
Oh, and in other good news, my wife already has a job interview lined up for Thursday. What a blessed day!
We discussed other areas I can contribute while the product line I manage is in the dumps. I was very encouraged to learn that I have a bit more job security than I had thought, although my boss was careful to say that nothing in this world is guaranteed. If we do have another layoff in the next couple of months, my boss indicated that we may also go to a 4 day work week with a 20% reduction in pay. That would be tough, especially with my wife on unemployment, but it's still doable and better than the alternative.
Oh, and in other good news, my wife already has a job interview lined up for Thursday. What a blessed day!
December 8, 2008
The Unemployment Rate Just Went Up A Tad
My wife was informed this morning that her last day with her company will be December 31st. We were expecting it, but now it is real.
She is already on top of the search for a new job having updated her resume and cover letter last week and requested letters of recommendation. She even applied to a few companies over the weekend and updated her profile on job search websites.
We’ve begun taking a look at were we can dramatically reduce our monthly expenses and have started gathering information on unemployment. My wife has a few vacation days that she will cash in before her last day. More importantly, my wife found out on Friday that she will receive a $3,544 quarterly bonus on 12/15. Thank God for his perfect timing. She also learned that she will receive another quarterly bonus in March, even though she will not be with the company.
With ~$450/week for employment and earning the rare buck or two baby sitting our neighbors child, we shouldn’t have to pull any money from savings for quite some time.
There’s a lot happening right now, I’ll keep you posted.
She is already on top of the search for a new job having updated her resume and cover letter last week and requested letters of recommendation. She even applied to a few companies over the weekend and updated her profile on job search websites.
We’ve begun taking a look at were we can dramatically reduce our monthly expenses and have started gathering information on unemployment. My wife has a few vacation days that she will cash in before her last day. More importantly, my wife found out on Friday that she will receive a $3,544 quarterly bonus on 12/15. Thank God for his perfect timing. She also learned that she will receive another quarterly bonus in March, even though she will not be with the company.
With ~$450/week for employment and earning the rare buck or two baby sitting our neighbors child, we shouldn’t have to pull any money from savings for quite some time.
There’s a lot happening right now, I’ll keep you posted.
November 25, 2008
Severance Package
After returning to work from my business trip, I found out that my company ended up laying off 7 employees (1 more than my manager told me). I was surprised by a couple of the employees chosen for the reduction in force, especially a woman who had been with the company for nearly 20 years and appeared to be a hard worker.
It's never a good time to be let go, but right before Thanksgiving has to be one of the harder times of the year to lose your job. Many companies operate on a skeleton crew during the holiday season because everyone is on vacation. I have to think this is not an ideal interviewing time, especially with the unemployment rates increasing because of the economic downturn. I hope they are able to find new jobs quickly.
I learned that the employees were given 1 week of severance for each year of employment. Should the worst ever happen to me, it's comforting to know that I may get the same package. That would be ~7-1/2 weeks of severance for me. I’m going to work my tail off to ensure that it never comes to that though. God willing.
It's never a good time to be let go, but right before Thanksgiving has to be one of the harder times of the year to lose your job. Many companies operate on a skeleton crew during the holiday season because everyone is on vacation. I have to think this is not an ideal interviewing time, especially with the unemployment rates increasing because of the economic downturn. I hope they are able to find new jobs quickly.
I learned that the employees were given 1 week of severance for each year of employment. Should the worst ever happen to me, it's comforting to know that I may get the same package. That would be ~7-1/2 weeks of severance for me. I’m going to work my tail off to ensure that it never comes to that though. God willing.
November 14, 2008
1st Layoffs At My Company
I will be on a business trip in Europe next week, so my boss took me to lunch today to let me know that our company will be laying off 6 employees next Friday. We’re a small company, so this represents 15% of our employees. They are basically cutting one employee from each department. I did not find out who will be let go, but was assured it won't be me or my sales representative.
To survive during this tough economic time, my company is going to continue to dramatically reduce expenses. The Owner of the company has recently quit taking a paycheck, and my boss and our controller took a 20% reduction in pay. If things keep getting worse, my company may move to a 4 day work week and ask all employees to take a 20% cut in pay. Quite frankly, I'd much prefer that to loosing my job.
I feel bad knowing that some of my co-workers/friends are going to be out of a job next week. I thank God that I made it thru this first cut and hope my company is able to get through these tough times.
On a related note, my wife’s company will be having a big shake-up in December. Her boss, who has been with the company 23 years, has already been informed that his position will no longer exist. He was able to find a rep position to move to in the company in December, but new employees, like my wife, won’t know where they stand until December.
These are scary times. In addition to praying for our companies and jobs, we’ve cut expenses and tried to bolster our savings. It looks like we should plan to tighten our belts a bit further.
To survive during this tough economic time, my company is going to continue to dramatically reduce expenses. The Owner of the company has recently quit taking a paycheck, and my boss and our controller took a 20% reduction in pay. If things keep getting worse, my company may move to a 4 day work week and ask all employees to take a 20% cut in pay. Quite frankly, I'd much prefer that to loosing my job.
I feel bad knowing that some of my co-workers/friends are going to be out of a job next week. I thank God that I made it thru this first cut and hope my company is able to get through these tough times.
On a related note, my wife’s company will be having a big shake-up in December. Her boss, who has been with the company 23 years, has already been informed that his position will no longer exist. He was able to find a rep position to move to in the company in December, but new employees, like my wife, won’t know where they stand until December.
These are scary times. In addition to praying for our companies and jobs, we’ve cut expenses and tried to bolster our savings. It looks like we should plan to tighten our belts a bit further.
June 19, 2008
Let the Good Times Roll
During training this week my wife learned quite a bit about the company, her position, and the products she will be selling. While challenging, this new career is already living up to her expectations. Her manager has also done an amazing job of taking care of the new sales reps including providing very nice hotel rooms and meals.
My wife found out this week that her company will be providing a few more perks they had not mentioned before. Each month, they will give her $60 towards a cell phone, $60 towards internet service, $50towards office supplies and up to $100 for a mini storage unit (for her samples). They also gave her a laptop, docking station, printer for her home office - perfectly timed because our printer is on the fritz.
I am amazed at how well her new company is taking care of her to ensure that she feels like part of the familiy, is properly trained, and has the tools necessary to do the job. Let the Good Times Roll
My wife found out this week that her company will be providing a few more perks they had not mentioned before. Each month, they will give her $60 towards a cell phone, $60 towards internet service, $50towards office supplies and up to $100 for a mini storage unit (for her samples). They also gave her a laptop, docking station, printer for her home office - perfectly timed because our printer is on the fritz.
I am amazed at how well her new company is taking care of her to ensure that she feels like part of the familiy, is properly trained, and has the tools necessary to do the job. Let the Good Times Roll
June 16, 2008
A New Chapter Begins
My wife began her new job today; it’s exciting to get this new chapter in her (our) life started.
She will be spending the first couple of months learning the products. Then, she’ll be heading out into the field to meet with the doctors. Her company has provided her with a rental car until her new company car is ready. She should also receive her company gas card this week. Her first paycheck will arrive on 7/4 and will tell us exactly how much extra we can invest, save, and use to pay down our 2nd mortgage. Exciting stuff!
Her old company had a nice send off for her on Friday, including giving her a gift card and taking her out to lunch. Not only was that very nice of them, it’s a good indication that they will pay her the final commissions she is do. She hopes to receive the large ~$4,000 commission in mid July.
My wife is leading the way in our quest for financial freedom. I’m going to do my best to try to keep up.
She will be spending the first couple of months learning the products. Then, she’ll be heading out into the field to meet with the doctors. Her company has provided her with a rental car until her new company car is ready. She should also receive her company gas card this week. Her first paycheck will arrive on 7/4 and will tell us exactly how much extra we can invest, save, and use to pay down our 2nd mortgage. Exciting stuff!
Her old company had a nice send off for her on Friday, including giving her a gift card and taking her out to lunch. Not only was that very nice of them, it’s a good indication that they will pay her the final commissions she is do. She hopes to receive the large ~$4,000 commission in mid July.
My wife is leading the way in our quest for financial freedom. I’m going to do my best to try to keep up.
June 4, 2008
Transitioning to the New Career
My wife starts her new career on the 16th, and gave her two week notice at her current job on Monday. Although her boss fought her a bit, she was able to negotiate keeping all of the commissions that she has earned, but not been paid on yet. This includes a large ~$4,000 commission that should come in around August, once the company has been paid by their customer. This is such a blessing. We were worried that they might try not to pay her the commissions and/or let her go immediately rather than pay her for the final two weeks.
My wife receives her new company car before her start date, so we plan to put her car up for sale this week and hope to sell it within the next few weeks. This will save us $450/month in car payments and $150-$200/month in gas.
Her first paycheck from the new job will be deposited on July 4th. With the increased income combined with the money we will be saving on the car, we want to restart our 2nd mortgage accelerated payment plan by paying an extra $400/month to principle. In addition, we will apply ~$12,000 of her $20,000 annual bonuses towards the 2nd mortgage. We’re hope to have the 2nd mortgage paid off by July 2010 and begin saving for a down payment with a goal of purchasing a home by July 2012. We also plan to increase our tithe, contribute 6% of her salary to the company 401(k) that includes a 25% match up to 6%, and deposit $200/month into our savings account. The only deliberate increase in lifestyle will be an extra $20/month each for fun money.
This new career is such a blessing in so many ways. My wife will be working in a field she is passionate about, earning greater pay, working out of our home, and receiving amazing benefits/perks. I am very impressed and proud of her success, especially at such a young age. Because of this opportunity, we will be able to go after multiple goals (increasing our tithe, paying off our 2nd mortgage, increasing our savings, and adding to our retirement savings) much sooner than expected.
My wife receives her new company car before her start date, so we plan to put her car up for sale this week and hope to sell it within the next few weeks. This will save us $450/month in car payments and $150-$200/month in gas.
Her first paycheck from the new job will be deposited on July 4th. With the increased income combined with the money we will be saving on the car, we want to restart our 2nd mortgage accelerated payment plan by paying an extra $400/month to principle. In addition, we will apply ~$12,000 of her $20,000 annual bonuses towards the 2nd mortgage. We’re hope to have the 2nd mortgage paid off by July 2010 and begin saving for a down payment with a goal of purchasing a home by July 2012. We also plan to increase our tithe, contribute 6% of her salary to the company 401(k) that includes a 25% match up to 6%, and deposit $200/month into our savings account. The only deliberate increase in lifestyle will be an extra $20/month each for fun money.
This new career is such a blessing in so many ways. My wife will be working in a field she is passionate about, earning greater pay, working out of our home, and receiving amazing benefits/perks. I am very impressed and proud of her success, especially at such a young age. Because of this opportunity, we will be able to go after multiple goals (increasing our tithe, paying off our 2nd mortgage, increasing our savings, and adding to our retirement savings) much sooner than expected.
May 24, 2008
My Wife Is Beginning a New Career
My wife has enjoyed working at her current job, but has always wanted to have a career in a health related sales field. Since college, she has focused on learning about this competitive industry and what it takes to get into it. Long story short, over the past four weeks, she has been in a series of interviews with a company and yesterday, received an offer. . . and accepted!
This is such a blessing and something we have been praying for for quite awhile. I am very happy that my wife will be able to work in the industry she is passionate about. Her hard work and persistence paid off.
This new job will also greatly increase our household income. Check it out:
This is such a blessing and something we have been praying for for quite awhile. I am very happy that my wife will be able to work in the industry she is passionate about. Her hard work and persistence paid off.
This new job will also greatly increase our household income. Check it out:
- $52,500 base salary
- $20,000+ annual bonus
- $20,000 annually for entertaining clients
- Company car and gas card
- Computer
- Matching 401(K) plan
- Excellent health and dental insurance
- 3 weeks vacation
She starts next month and already really likes her future co-workers.
August 30, 2007
It's Good To Know We Were Prepared
Great news! My wife has accepted the job offer that she was considering. We are very blessed in that she was offered the job within 2 days of being laid off from her last company. After meeting with them again this morning to learn more about the company and the job, she decided it was a good fit. She starts with them on Tuesday of next week.
Her first 2 months with the company are training, but there may still be an opportunity for her to earn some commission during this time because she inherits all existing accounts in her protected territory. Any accounts that are due to renew service, she receives a commission for.
I am very proud of her. You hear horror stories of people being out of work for months on end. Within a week, she interviewed with numerous companies and received quite a few call backs for second interviews.
Since she received a new job so quick, and her old company agreed to pay her until 9/5, we will not experience any paycheck lapse. Therefore, our emergency fund will remain untouched and we're moving forward. I've got to say, it's good to know we were prepared for the worst in case things worked out differently.
This concludes this test of the Emergency Broadcast System.
Her first 2 months with the company are training, but there may still be an opportunity for her to earn some commission during this time because she inherits all existing accounts in her protected territory. Any accounts that are due to renew service, she receives a commission for.
I am very proud of her. You hear horror stories of people being out of work for months on end. Within a week, she interviewed with numerous companies and received quite a few call backs for second interviews.
Since she received a new job so quick, and her old company agreed to pay her until 9/5, we will not experience any paycheck lapse. Therefore, our emergency fund will remain untouched and we're moving forward. I've got to say, it's good to know we were prepared for the worst in case things worked out differently.
This concludes this test of the Emergency Broadcast System.
August 29, 2007
The Beat Goes On
Thus far, we have done a pretty good job of reducing our expenses while my wife is searching for a new job. To further help our cash flow, we have decided to postpone a $165 deep cleaning that my dentist wanted to schedule this month. Also, if my $1000 business expense posts before my wife has a new job, we will likely pay the minimum to preserve cash.
My wife has had many interviews with various companies and is seriously considering an offer from one. She has arranged a 2nd meeting to learn more about the company and the position before making her decision. The position is in a field that she is not experienced in, but the company has a training program to get her up to speed and she would receive existing accounts in a protected territory. They would like her to start Tuesday of next week, which is great timing for us.
The offer is a $35,000 base, 20% commission, milage reimbursement, laptop, cell phone, and 100% medical insurance paid for. Unfortunately, they do not offer a 401(k), but they are considering adding it down the road. I am only contributing $2,000/year to my 401(k) currently, so we have plenty of room to increase our contributions.
Stay tuned.
My wife has had many interviews with various companies and is seriously considering an offer from one. She has arranged a 2nd meeting to learn more about the company and the position before making her decision. The position is in a field that she is not experienced in, but the company has a training program to get her up to speed and she would receive existing accounts in a protected territory. They would like her to start Tuesday of next week, which is great timing for us.
The offer is a $35,000 base, 20% commission, milage reimbursement, laptop, cell phone, and 100% medical insurance paid for. Unfortunately, they do not offer a 401(k), but they are considering adding it down the road. I am only contributing $2,000/year to my 401(k) currently, so we have plenty of room to increase our contributions.
Stay tuned.
August 24, 2007
Cash Flow
My wife’s 2nd to last paycheck arrived last night via direct deposit. We were expecting it to be somewhere between $1,000 and $1,100. It ended up being $1280.88! That extra cash is a God sent at a time when cash is critical.
One element of our finances that we have never included in our balance sheet is our checking account balance. This number fluctuates each month, depending on our expenses, and is not worth tracking in our balance sheet. With my wife currently searching for a new job, this number is important given that we’re much more focused on managing our cash flow.
We typically keep a few hundred dollars above and beyond our normal monthly expenses in our checking account. This “extra” money is usually somewhere between $300 and $600. Whenever this “extra” money gets higher than $600, it is moved into our online savings account.
Thankfully, it looks like we will have somewhere between $500 and $600 “extra” in our checking account at the end of August. This will help greatly as we manage our cash flow during my wife’s job search. In fact, our cash situation is looking so strong that, with reducing expenses and receiving unemployment benefits, we should be able to get well into October before having to resort to tap into our saving accounts.
That is a very good feeling.
One element of our finances that we have never included in our balance sheet is our checking account balance. This number fluctuates each month, depending on our expenses, and is not worth tracking in our balance sheet. With my wife currently searching for a new job, this number is important given that we’re much more focused on managing our cash flow.
We typically keep a few hundred dollars above and beyond our normal monthly expenses in our checking account. This “extra” money is usually somewhere between $300 and $600. Whenever this “extra” money gets higher than $600, it is moved into our online savings account.
Thankfully, it looks like we will have somewhere between $500 and $600 “extra” in our checking account at the end of August. This will help greatly as we manage our cash flow during my wife’s job search. In fact, our cash situation is looking so strong that, with reducing expenses and receiving unemployment benefits, we should be able to get well into October before having to resort to tap into our saving accounts.
That is a very good feeling.
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