posted on Jul, 3 2008 @ 06:20 PM
How am I doing?
Well, my wife and I got some killer rate when we refinanced the house this spring. The credit union had no issues with our credit rating as we both
have spent our life (independantly) making sure we didnt live beyond our means as well as not taking on excess debt. Plus we rolled over our equity
which had no attached debt to it into the new loan, and as a result we hope we never end up upsidedown in our mortgage, economy permitting of
Both of our cars are paid for, and we purchase used cars. Kinda sucks as I would love to have a new car, but I cant get myself to throw down the money
they cost now a days. So, I do the repairs and maintenance myself, and try to keep them tuned up well and in good operating order.
Our retirement accounts, both of us max-out the deductions from our paychecks. As we have been doing this we force ourselves to be accustomed to the
missing cash from our paychecks. If you dont think about it,...you dont think about it.
Which brings up employment. Both of us work full-time. We are fortunate (knock on wood) that we are in positions and employed in fairly secure jobs.
Both of us spent much of our years building our careers and abilities, and that helps alot in job security for the most part. Myself I work sometimes
60 hours a week.
Which brings up vacations. I will work the next two weeks to be able to go on vacation with the wife and the kids. Hopefully every bity of it will be
paid for by the time we leave. Our Sunday drives have been significantly reduced big time though. No more jots around just because. Gas is just too
much. We probably spend 200-300 just in gas doing regular obligations around town, like work and errands, now.
As far as debt. Been there done that. Now every last charge on our credit card, is charged with the knowledge it WILL be paid off before the statement
is due. Otherwise, that purchase isnt made. We have no other debts other than the mortgage.
By and far I would say (and I am not bragging believe me), my family hopefully is better prepared than most for any future difficulties that may
arise. It hasnt been easy though. Neither of us have a driveway full of toys, a resume of wonderful vacations in the past, time off to go gallabanting
around whenever we want, nor are we anything better than barely middle class.
The only thing we do have is a past life of lessons taught that have helped us from being out of touch with our budget. Hopefully this gets us through
this storm of inflation and uncertain times with little damage other than having to readjust to what the staples cost... Alot of stocking up on things
from Sams Club. Alot of shopping at Walmart. Alot of doing without anything beyond the necessary. And alot of working and saving what we can.
Yes, all this could change with one major life altering event. I pray not.
Our kids need us for the next few years until they are adults and on their own. They roll their eyes at us now whenever we talk about how much things
cost since last month, or the month before, as they do not have to worry about the day-to-day part of being a responsible parent. They cant fathom
when I come home and say "gas just went up another dime", that what I am saying is significant and scary. They think, "big deal,..a lousy dime".
If I could just get them to see the big picture about their future.
But they are kids, so I let it be. I need them to sleep at night peacefully, at their age. I need them to feel there is hope for their futures when
they become adults and maybe someday as parents too.
There will be worry enough for themselves then, I think.