Move Out Bonus

As I blogged about a couple of days ago, my wife and I are finally moved into our new apartment (a very comfy and quaint basement apartment in an old Victorian style house). We were forced to move due to our last apartment complex going condo later this year. Fortunately for us, and for the complex's other residents, all residents who are being dislocated were/are being paid a move-out bonus equal to a month and a half worth of rent, which for use worked out to about $2,100.00. I received the final account statement from the apartment complex today, and we should be receiving the move-out bonus in the mail any day now.

I plan to use the move-out bonus to pay off a large chunk of my high-interest credit card debt, once it is abundantly clear that we will be in good financial shape for the rest of the summer. I do so wish that I could justify pumping all $2,100 into my Roth IRA, but it is a smarter move to pay off that high interest debt as quickly as possible (although I may still put a little in the Roth IRA, just to splurge a bit and watch my IRA balance grow!). In any case, this move-out bonus will be the easiest $2,100 I have ever made, and I am thankful that our old rental company is being so generous to us for the inconvenience of our being dislocated so soon after having moved into that complex in the first place. I definitely feel that we are being treated more than fairly.