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Tuesday, March 10, 2009

Cars and allowances

In a few months, we will be done with our car obligations and we are free from it's monthly amortization. That would be a great addition in our monthly budget, and it is just so timely since we are faced with big expenses for this year. He was also provided by their company a reimbursement program, so part of his car expenses are well taken care of his car allowance .

The company had this program as part of their cost-cutting techniques and they are currently improving their relationship with their employees. With the current global crisis that we are facing, these type of reimbursement services truly helps not only the employees but the employer as well. They save from Administrative costs, personal use expense , maintenance costs and idle vehicle cost. Aside from this help on the employer, it also aides with the use himself. With the current car allowance that he has, he is actually planning to get a bigger car for our growing family. That we still need to think of. Hopefully the company will still give them a more extensive car allowance other than what they currently have. Or maybe we should just stick with what we have now, it fits us well plus we dont worry anything about the car.

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