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Smaller paychecks from now on.

October 21st, 2011 at 04:50 am

So we got DH's new paycheck and it now smaller.

We started deductions for baby's dependent care flexible spending account.

We are deducting the full $5,000 between now and December 31 (we can spend the money until end of March). That way we can do another $5,000 next year. Deducting it pre-tax saves more than 1/3 of that money.

So it is a money-saving thing, but check is now smaller.

With dependent care deductions, flex health spending account and 401K being deducted the check seems so small. It is a psychological thing. I do understand these things are benefits that save money. It is just when you transfer money after getting a paycheck, you get a different feeling than you do when you get a smaller one.

1 Responses to “Smaller paychecks from now on. ”

  1. ceejay74 Says:
    1319216139

    Totally understand that dismaying feeling. Though I gross $160 more than NT, he nets about $170 more than I do, so it feels like I'm "losing" $330 from my paycheck (=$660 monthly). The difference? Dependent care FSA, and our daughter's healthcare premium (plus a couple other things I have to pay for pretax, which his company gives him for free: bus pass and healthcare).

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