Well, June budgeting went okay... We actually did pretty well with groceries and came under budget! Whoo-hoo! The only category we really went over was household supplies and sometimes that's just the way the month rolls out, isn't it? You have to restock your cleaning supplies buy cat food or buy laundry detergent. There's always something that just can't wait.
I will say overall for June I'm pleased with our progress. It was the end of the month that startled me. Chris received some distressing news about back taxes... We're working through that issue currently and dealing with it. When we know more I'll give a brief update.
We are making significant gains on rebuilding our Baby Emergency Fund (Step #1 of Dave Ramsey's plan) once again. $400 dollars and only $600 more to go! We'll get there... I just hope we can still save the emergency fund and deal with Chris' tax issue, instead of needing to use that money to fix his problem that has arose. In other news, my tax return is still on hold. Every time I've called CRA to discuss the issue I'm given a different answer. The new date to hear back from them is now August 17th, which is over four months since our taxes were filed on April 11th. At this point, I'm just throwing up my hands in frustration and giving it to God.
I know what the issue is, I know why there is a delay. Up until last year (2016 taxes) my income was much more significant. On paper it was high, because I have been taxed on the principle amount of the annuity and so I was paying thousands of dollars for income taxes. But last year our life dramatically changed. We were able to renegotiate the annuity and take early retirement. I had to guess at how much to pay towards taxes. (This was part of the "debt" we claim as our total owing.) So we paid a significant portion towards my taxes, but much less than any other year. I added up the number incorrectly, told our accountant it was $13K but in actuality we had paid a little over $16K. I had asked her if we should correct the number before sending in the taxes, she said "No, CRA will figure out the error and it'll be fine." Well, there STILL trying to figure out why there is a big pay difference and why our numbers are slightly askew.
So here we sit and wait... to see how much we may get back... All the while feeling quite overwhelmed about Chris' tax issue now...
If it's not one thing, Ir's another right? Oh well, The Lord has all this in His hands... We give it over to him and just try to stay the course with what we're doing for the month of July.
Onward and upward and all that...
Honestly, we know we'll be fine... we'll get through it just like we do everything else. Patience and faith will win out. We are thankful for another month of success and we hope our numbers look even better for July.
Chris will be taking me out to lunch for my birthday. I'm 39 this year. I don't feel thirty-nine... and I was hoping to debt-free for my 40th birthday. I worry now that might not happen.....
Keep pulling up your boot straps along with us, folks! If you're in the middle of your debt pay off, it's a struggle every month, but boy will it be worth it!! CANNOT WAIT!!!
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