Well, I got a nice comment on an old post from a new reader. He asked me a little about my story and how we got out of debt. I told him a bit and suggested he look back through my blog by category (such as "debt", "earn money", etc.) - so I actually did this myself.
It was actually really fun and inspiring to read many of my old posts and to see how far we really have come.
We started on our journey in February 2008. We became debt free (except for the house) in April 2009. As of today, we are a little more than 2/3 of the way in saving our Fully Funded Emergency Fund of $30,000 (we have $22,500 so far).
My husband is expecting a very large commission at the end of the month, maybe close to $10,000 - so there is a chance we could finish the FFEF then! (This will only be the second commission check my husband has received in the last 6 months, and the last one was much much smaller.) So, I'm hopeful but trying not to count my chickens before they hatch.
The other problem I will be facing is - my husband.
Every week he talks about something else that we need to do around the house. He wants new windows, a new heating system, finish the basement, we'll both need new cars soon, etc. The list goes on and on.
I fear that when the big commission check comes in he'll want to spend it instead of save it.
In some ways this has been an ongoing problem. He isn't completely on board with the whole "get/stay out of debt" thing. He is happy that we are out of debt but I think he is skeptical about weather or not we'll be able to stay out of debt. (I am determined!)
Most likely, I will need to give in a little and spend a bit on some household upgrades that we do need (want) and are important to him. I'm just hoping that there will be enough money to finish the FFEF and do something he wants. :)
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4 comments:
I understand the whole "husband not on board" situation...what I would do is compromise with him...get the emergency fund completely funded then let him do what he wants to with the rest.
If you have $22,500 so far, that leaves $7,500 that needs to go to the fund. If he gets around $10,000, that'll leave him with around $2,500.
This could be a win-win situation; your fund gets fully funded and he gets some extra cash.
You have an amazing ef to date... I say split it in half & let him do some guilt free spending & then you can put some in the bank... (this is where I am a bad pf blogger - I think you should pay off debt, but still set some aside for wants & wants to do...) 'best of both worlds...' I know you know that song with your girls ;) haha.
My husband is exactly the same way. We're currently in debt but whenever we have extra money to throw at it, my husband wants to spend it elsewhere. All of the sudden we need to fix this or that.
Your home is probably the largest investments you will ever make. Putting money into maintaining it, as long as you have no other debt, is wise. I think it's crazy the amount of personal financial information you are posting on the internet.
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