I'm starting January '09 off on a good foot financially.
After analyzing my month end for December, I realized that my actual pay for January will be $1383.86 higher than my spreadsheet estimate! Hurray!
What to do about the extra monies...
The logical thing would be more prepayment towards the mortgages but I feel we are doing "enough".
So I am stopping by the bank on the way to work today to get some cash to put aside -- Canadian and US cash. I already have Euro stashed away.
So if we ever needed cash and the bank machines are not working or there is another major power blackout, we can still buy batteries, groceries and gas etc.
As for the US cash, it is nice to have for those last minute weekend trips and for airport expenses en route somewhere.
The 2 currencies won't eat up all of the monies. I'll likely put the rest towards what I know for sure will be spent later on the year ie. BC property taxes, hockey season tickets, flights etc).
All in all, a good problem to have.
I'm also happy to report an increase in net worth for Dec '08 due to increased debt repayment, cash position and some little increases in stock and mutual fund values. I am using NetWorth IQ to help me track this (see side bar).