Denali Northern Expenditure

Tag: PFD

If I had and how to spend my life insurance

If I had… & How to Spend My Life Insurance

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On October 5, 2016

In Personal Finance

Periodically, I like to run through what I would do with a windfall. Tomorrow is PFD Day and we’ll be receiving $5,110 overnight. In celebration, here’s what I would currently do:

If I Had $5,000

(Or $5,110) in this scenario. In case you forgot, we tithe 10% of all increase. So, our PFD amount left after that is $4,599. With this money, we will be putting $1,600 extra toward our mortgage (on top of the extra $1500 we’ve been putting toward it the past few months) bringing our mortgage balance under $60,000 (I’m already looking forward to the October Plan Update!). The other $3,000 will go toward my Roth IRA which I hope to max out with the other $2,500 by the end of the year.

If I Had $10,000

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Financial Benefits of Alaska

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On March 14, 2016

In Alaska

I wanted to write a post highlighting the financial benefits of living in Alaska. With oil prices low, the state of Alaska isn’t in a great financial position. The state’s operating budget has counted on major income from oil and that income is now severely lacking. Because of that, many of these things may change this next year. But as things stand now, despite our high cost of living, there are several major perks for living in the state.

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September 2015 Plan Update: PFD DAY!

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On October 2, 2015

In Plan Updates

Yesterday was PFD DAY! YAY! Unfortunately, this is a September update, so these numbers are true through September 30 and do not include that extra $10,000+ we just got… but tune in next month to see that money added to the numbers… (at least we can count on our mortgage numbers to improve… the market may be a different story).

September is fall around here (sick of moose-in-fall leaves headers?). The leaves are entirely orange and red and all over. The belugas migrated through and we got to sit on a rock and watch them swim around on Labor Day. The sun is much lower in the sky and the ground is kissed with frost in the mornings. We got our first snow this week. The darkness has returned, which means we’ve had some great Northern Lights shows out our window. We did not attend FinCon this year, but we participated from afar. This is also my birthday month. We celebrated with Mr. T making a three-layer fudge chunk cake with chocolate mousse in between layers and drenched in chocolate ganache on top. Oh, and homemade vanilla ice cream. It was absolutely divine and better than any purchase he could have made. Overall, it’s been a lovely month.

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How I’m Making $10,360 Overnight

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On September 30, 2015

In Alaska, Personal Finance

Tonight, I’ll go to bed as I usually do, and when I wake up, I will be $10,000 richer. The secret? Live in Alaska. Okay, so the title was clickbait. But it’s true. Tomorrow every eligible Alaskan will be $2,072 richer than they are today because the Permanent Fund Dividend will land in bank accounts and be mailed out to others. (To celebrate, it decided to snow last night!) With five of us, that makes us $10,360 richer tomorrow.

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Alaska Pays Us: What is the PFD?

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On June 17, 2015

In Alaska

You’ve heard rumors. “Alaska will pay you just to live there.” Maybe you’ve seen references to this. Well, I’m here to tell you, as an Alaskan, that it’s true. In Alaska, a PFD does not mean a life jacket (those we mainly just call “life jackets”). The PFD is the “Permanent Fund Dividend.” The Alaska Permanent Fund is an investment fund the state of Alaska voted to create in 1976 as the oil pipeline was just finishing up. The constitutional amendment created states: “At least 25 percent of all mineral lease rentals, royalties, royalty sales proceeds, federal mineral revenue-sharing payments and bonuses received by the state be placed in a permanent fund, the principal of which may only be used for income-producing investments.” Basically, the state of Alaska saw that with the oil pipeline about to open, oil would become a big deal financially to the state for awhile. So, they set up a fund in which they put 25% of all profits. And every year, the interest produced from the fund is divvied up between all investors: every Alaskan man, woman, and child.

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