We just became members of the Pay it Forward club! (holler)
We have received a hefty check to help pay our grad school and mortgage costs!And the timing couldn't be better. The Mrs. starts school on Monday! As in, 3 days from now. As in, WOOHOO for her, and BOOHOO for our money ;)
Unfortunately I have to remain pretty vague here, but we're talking about more than just a few hundred dollars. AND, better yet, we don't have to pay it back! ..... at least yet.
The person who gave it to us had been helped by a similar action years ago herself, and she's always wanted to "pay it forward" when financially able to do so. And now, lucky for us, that time has come :) Not only was it totally unexpected, but it really does go to show that my brother's crazy saying really DOES work. I better start paying even closer attention!
What this means to us is that we can push off taking out loans to make up for our loss of $50k in salary for now. I'm just thankful Mrs. Budgetsaresexy accepted the college who gave her a full ride!!! Or else we'd be out a good $100k PER YEAR at least. *shiver*
So this "paid forward" contribution will be saved into our money market account with USAA, where our Emergency Fund is (no point in opening up another, right?), and will be drawn upon monthly for $1225 - the amount the Mrs. usually sends over each month to help pay for all house related items. Per my calculations, this will keep us going nicely for a bit before loaning it up. (I almost slipped and said for how many months, but then you'd be able to figure out exactly how much we got! haha...sneaky sneaky).
This paying it forward idea is really damn cool, not to mention healthy for society. One person's sincere and loving gesture years ago, now affects our future together and will be continued for more years to come! It actually works out perfectly because we weren't going to accept any money from ANYONE without paying each penny back in full anyways. So this is even better.
NOW we get to pay it back on our own time frame, AND help out another great cause down the road. If that's not sexy, i don't know what is. Well, i do, but that's for another time and place ;) I gotta go out and watch that movie "Pay it Forward" all over again and start getting some pointers!
Labels: awesomely awesome, gifting, life, loaning money, money management, money markets
posted by J. Money at
8:02 AM
14 Comments:
Dang it man... you can't drop something like that on us and not give us the one and only detail we really want to know!!!
And I'll admit it... I shed a tear at the end of that movie...
I've never heard of this pay it forward concept before...congratulations, what wonderful news!
I'm with Tom- if this blog is truly anonymous, what's the harm in making us all a little jealous?
This post has been removed by the author.
sorry folks...you can blame me for that omission! the person who helped us out asked that we keep it confidential, so when mr. money wanted to blog about it, i asked him not to reveal too much, including the amount. i know it's an anonymous blog, but you never know who might come across it! sorry again!
Well that is great! Congratulations on the $. I know it feels good. We just got a little extra $ today as well.
I actually never saw the movie pay it forward.
I'm so happy good things are happening for you both!
Love the picture...creepy, but cute.
Wow this is GREAT news!
Yay! As you may have guessed by my past comments I am a big fan of this. I just reread the book a few weeks ago on my lunch breaks. Good on you for taking part and helping the effort!
Love your blog! Added you to my blogroll.
GI Jane
http://gijanefinances.wordpress.com
Thanks for all the positive comments everyone!!! Just got back from a rousing bachelor party in Philly and was excited to see what you all had to say :)
it KILLS me that i can't tell you the amount, but gotta stick to my guns for the Mrs...but i CAN give you a hint. are you ready?
okay. We got OVER $1.00, but less than $50,000. Does that help? he he...and for all you that haven't heard of the concept, or the movie, def. check it out - I, too, shed a couple of tears at the end. but no one saw me, so it's all good ;)
That's awesome. I thought the idea was very cool in the movie, but didn't know people actually did it.
-1MansMoney
Way to go! I will rent the movie ASAP :)
LOL. Over one dollar, Less than $50k.
Congrats to the wifey on grad school and rock on for paying it forward. Since I'm considering grad school, will you think of me? (J/k. Who needs grad school?!)
Paying it forward is a beautiful thing. Be wise in your selection and you'll be happy.
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