Today is pay day (and Friday – woo hoo!). My net pay is only $60 less than my previous job and I’m getting more vacation days and full 100% coverage health benefits for the both of us. PLUS, previous to this job, BF and I were paying $114/month combined for MSP (since we didn’t have a health plan), and that is now covered. So really, I’m making more than what I was at my old job, even though salary-wise I’m making a tiny bit less ($1k difference annually).
After my car payment and setting some aside for regular living expenses, here is what I was able to save today:
- $300 Retirement Portfolio ($250 RRSPs, $50 TFSA)
- $50 Emergency Fund
- $100 Savings Fund
- $75 Property Fund (BF also contributed $75)
- $50 Travel Fund
- $25 Car Fund
That’s $600 I was able to save, for a total of 43.5% of my net income.
I’ve had some people curious about my health & benefits package. I’ve already started coverage – there is no waiting period. There is also a $1 million lifetime maximum under the plan – so in other words I can’t exceed $1 million worth of benefits. It’s a 100% full coverage package, which includes extended medical, dental, short/long term disability, and life (2x annual salary). The cost of this package for BF and I (which also includes our MSP payments of $57/month each = $114/month) is $23.54 bi-weekly. This means all of our prescription drugs are 100% covered, doctor & dentist visits, emergency medical, as well as specialist visits (up to $500 annually for each) like chiropractor, massage therapy, acupuncture, etc. We also have a Health Spending Account (HSA) of $250 annually that we can use if we go over the $500 annually for specialist visits, or if we go over for custom orthotics or vision (which neither of us need). This is one of the best health & benefits package I have ever seen.
Anyway, I’m closing in on my 4th week on the job. I can’t believe how fast time is flying by! My old job still hasn’t found a replacement for me (they probably never will with the ridiculously strange qualifications they’re after), and it really feels like just a few days ago I was still unemployed and depressed. It’s good. I’m excited for what’s to come.