Tuesday, August 10, 2010

If you don't have anything nice to say

you should keep your mouth shut, right?

I'm blaming my ultra-negative view on all things financial for my blog absence. Nothing else major has happened. I'm just tired of feeling like a hamster on a wheel that keeps getting the wheel spun faster by outside forces.

Health insurance premium increases are going to take $42 of the $73/month raise I got a few weeks ago.

And then I got to thinking about what the expiration of the Bush tax cuts are going to do to our budget. I started quantifying it over the weekend, and barring a Congressional act (literally), we'll be paying at least $2k more next year. And we are FAR from a high income family. Check it out for yourself....the elimination of the 10% bracket is $835 more off the bat. Then if the child credits go back down to $500, that's another $1,000. Eliminate the preferential rate for dividend income? At least another $120. That's without taking into account the changes in Flexible Spending accounts or wondering if the deduction for state and local sales tax will be extended.

All this in an economy where average Americans are already stretched, struggling to hang onto their jobs if they are lucky enough to have one. It just doesn't seem like good sense to me. Hopefully, someone will knock some semblance of sense into Congress before it's too late!

I know. I know. It could be tons worse. So what if I can only pay down $6,000 of debt next year instead of $8,000. I guess in the grand scheme, things could be much much much worse. We have income, we have a home, we're pretty darn healthy. I was just hoping to see a little more forward progress on the financial side by now.


  1. I'm with you all the way here. The tiny pay raise coming this month is going to be eaten up (maybe more than eaten up, not sure yet) but the increase in health insurance premiums. Today I went to the urgent care in the poshest section of town for a shot in the hip for what turned out to be an unbearable migraine. I was very glad to be able to flash my card and pay only $20 for the visit and $10 for the meds to take home from this quick-service, friendly place run by one of the best hospitals in the world. I try to remember how grateful I am for this when I start griping about the cost of health insurance. This still doesn't mean either of us should be happy about the hikes that are wiping out the raises.

  2. Well if it makes anyone feel better...we pay for our own health insurance - which only provides for major medical, and it is increasing by amounts that brought me to tears when I opened the envelope. Plus, we have no paycheck, let alone a raise in sight.