Profit Share

There isn't really a way to ease into this post, but since this is a finance blog and were pretty honest here when it comes to money and spending, we were VERY blessed financially this month.

Like I don't even know what to think about it blessed...

Kind of dumbfounded actually...

Hubs works for a company that does "profit sharing" with their employees, so if their store makes profits, a portion of those profits is given back to the store, and split among employees as determined by the Manager and some formulas. Last year hubs became either the second or the third highest ranking person in his store (we aren't sure which), but he took on a lot of responsibilities and KILLED IT.

His boss was expecting to work 60 hour days for 6 months when their purchasing manager left for early retirement... and he didn't work a day past his regular schedule....  because of hubs...

Like I said, he killed it.

His boss was expecting another employee to split the work with him, and the other guy bailed... he kept doing what he was doing before the guy retired, and then quit... hubs picked up the slack, created efficiencies, and kept the store not only stocked and running, but profitable. He didn't order what the computer said to order, but used that as a bench mark and relied on his knowledge as a sales man and previous warehouse guy... and because of that, their store sold MORE because they had it in stock.

Which meant when profit share checks came around, Hubs was the MVP... and is now their store purchasing manger.... which means he was going to be getting a VERY LARGE cut of those profits.  Hubs doesn't just order stock... he still helps on the counter and sells things, offers admin support to the office manager when she's slammed, and does what is needed at the store, including training all their new employees...

So with all of that out of the way, we just received a check for....  $26,000.00

------insert mic drop here -----

------picks self up off the floor ------

We are smart critters, and set up 10% to go directly to his retirement to make sure we got a full 4% match on it (just over $1000)... and with taxes being taxes, most of the funds we will not receive until we file our taxes next year, and were good with that.... totally absolutely good with that.... especially since we are not accustomed to such a huge windfall.

In the end, $13,700 will hit our checking account. After tithing, we'll have around $11k to add to our savings.

• We will be putting $2k to our emergency fund to cover the natural inflation junk that has taken place over the past 3 years or so since we called it good. 

That gives us around $9k.

We will cash flow some annual expenses this month, including vet check ups for our pup, and i'm going on a work conference I have to pay for and get reimbursed.

I'm sure more hiking gear will be purchased (hopefully S L O W L Y) over the next few months to prep hubs for his August overnight trip, but we will definitely have enough money to now finish the flooring this year, after we get all the tile removed. (if it stops raining, lol)

So, as the boring folks we are, after this month the cash goes to our slush fund...

But man... looks like we have the funds to finish our tile now, assuming it stops raining long enough for us to rip any out...