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Archive for April, 2008

I Like to put Money in my Bank!

April 26th, 2008 at 06:20 am

Yesterday my 5yo niece called me to tell me she had slipped getting up from the table, cracked the bottom of her chin on the table, split it open, and had to get stitches under her chin, so now she is going to have a scar under her chin just like her Aunt (me).

After telling me about how the stitches really didn't hurt because they were "butterfly stitches" and that she was very brave and did not cry so her mommy bought her a toy, we started talking about her new allowance. She became very animated and explained how when she gets her allowance ($3) she puts one dollar in the giving bank, one dollar in the college bank, and one dollar in the spending bank (which she saves up to buy something like a toy).

I asked her what her favorite thing was about getting an allowance. I completely expected her to say that it was when she got to go buy a new toy. But she said: "I Like to put Money in my Bank!" And of course I replied: "Me too, xxx! I like to put money in MY bank!"

Now we have 2 things in common.

Tip for those interested in HSAs

April 17th, 2008 at 07:52 pm

I know from the comments left after I posted about setting up my HSA that some of you are interested in them.

So .... here's a little tip that I learned the hard way and that I hope will help you:

The first year you have set up an HSA, you have to pro-rate your contribution based on how long you had your HDHP.

For example, I had my HDHP for only the last 2 months of 2007, so the maximum I was allowed to contribute to my HSA (for a family) was:

$5,650 (maximum allowed 2007 contribution) / 12 months of the year x 2 months I had the HDHP = $942

But of course this did not dawn on me and I over-contributed. (Got too excited about the potential tax savings, I guess.) As MonkeyMama would say - "Doh." Rookie mistake.

Fortunately, it was not a really big deal. As soon as Turbo Tax told me I had made a "boo-boo" I contacted my HSA bank, and filled out a Distribution form for the Excess Contribution, and they sent me a check.

If you open an HSA this year, save yourself a step and pro-rate your contribtuion!


April 12th, 2008 at 12:20 pm

I've been in earning mode lately ... Taking on extra shifts to earn OT when available, and busting my backside to get performance bonuses at work. Since I'm currently doing work that is intermittent temp assignments, I figure I might as well "make hay while the sun shines."

This weekend I got a full 2-day weekend (No extra shift available).

I'm happy for the bonus money when it's available, but I'm also happy for the "bonus" time this weekend!

Another bonus I've been enjoying is my first ever wildflower season in Austin. One nice thing about living in a brand new place is the chance to see seasonal changes in a completely different way than what you are accustomed to.

The wildflowers are really weeds, so they pop up anywhere you would normally see weeds, such next to roadways, so there is no need to go out looking for them ... I see lots each day on my way to and from work and when out walking the dog. I'm quite captivated and trying to learn how to identify them. The ones I'm seeing the most these days are pink evening primrose & bluebonnets.

I did not take these photos, they are from the Lady Bird Johnson Wildflower Center website:

Yay - $100 from TD Ameritrade!

April 2nd, 2008 at 04:20 pm

Yay! Just got my $100 bonus from TD Ameritrade for opening my Suze Orman "Save Yourself Account" and making my required 12 monthly deposits of $50 each!!!


Guess I can close my account now ...
Sorry Suze & TD Ameritrade.