Monday, March 12, 2007

Second Income

I was able to finally find a second job to compensate for the lack OT. I'm not sure exactly how many hours but I think it may be 10-15 hrs a week @ $5.65/hr. Once I figure in taxes it should be $45-$68 more a week. The dilemma I'm having is how to best utilize this income.

Need to review my budget first then make a decision based on that. If I remember correctly my monthly income is sufficient to cover my monthly expenses, so I should be able to apply my "extra income" to paying down my debts. Regardless of what I actually make I'm thinking of 60/40 split--60% toward old debts/40% savings.

Will have to research this a bit more to see what course of action is best served.

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