Financial Sanity Update – April

light at the end of the tunnel
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Well, it’s been a while since we’ve posted here.  Life happens and so does Lent.  In the four months since our last chat on Financial Sanity, we’ve made great progress.  Firstly, the tax bill was paid in full before the new year.  Secondly, we were able to scrape up enough money to pay off the STUPID loan we had to get to pay the equity difference when we sold our house.  Thirdly, we successfully refinanced the loan on the land.  All that’s left is to pay off the wife’s vehicle, then we’ll turn our attention to the land loan and building.  Here’s how we stand:

Item                         Previous                      Current                      Difference
Fed Taxes                 $601.64                        $0.00                             ($601.64)
Land Refi                  $7,000.00                     $0.00                             ($7,000.00)
Signature Loan        $12,107.56                   $0.00                             ($12,107.56)
GMC                          $9,748.23                      $8,083.87                     ($1,664.36)
OK Land                    $43,970.16                   $0.00                             ($43,970.16)
Land Loan                $0.00                              $39,627.26                  $39,627.26
TOTALS                     $73,427.59                   $47,711.13                 ($25,716.46)

All of this is very encouraging as we watch the balances go down.  However, a small problem has arisen.  Over the past 13 years, our family has become accustomed to moving every 18 months to 2 years.  It was just a way of life for us.  Well, we are close to that length of time now.  My job is not the issue – in fact I believe I am very lucky in that regard.  I have a great boss who has been more than generous.  However, there is always a bit of wanderlust in me.  I crave new experiences.  Needless to say, I’ve put out feelers to my network to see what opportunities are available.

We’ve been very diligent with our debt reduction efforts and I wonder if that has something to do with these feelings.  Our path to Financial Sanity has meant that we lived very differently from our previous life.  We’ve lived with family for an extended period, not taken any trips and cleaned other people’s toilets for extra money.  This is NOT what I had in mind when I took this job, but we endured because we were finally close to family.  In short, this move has been disastrous to our finances and has left me wanting to go back in time.

Despite the above (and the possible depressive state I’m in), I believe that looking at the situation practically, we should stay here.  The kids love our piece of land and being near the grandparents. I just have to keep convincing myself of that…

2 Comments

  1. I would think that the older your kids get, the more likely it is that moving every 18-24 months to greener pastures will result in your kids doing the same exact thing as they go into adulthood.

    Sooner than you think, that 20-year old isn’t going to follow Dad across the country to his new job.

    The way I see it, setting down roots means a higher probability of your kids and grandkids being a part of your life 50 years from now. In the long run, that’s probably going to be worth much more than most “new experiences”.

    1. Author

      Rich: Thanks for giving me the kick in the backside that I needed. You are correct in everything you say here.

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