The American Dollar
One industrious American family's focus on a financial goal of freedom. Through worldly personal finance education, here is our story.
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Our Story: Both my wife and I are 27 years old and have gone through financial hell and back. Now we are on track to financial freedom, however we are not financial advisors or professionals, just everyday people. Share our journey from a negative networth and email us if you have questions or comments! :)


Tuesday, October 17, 2006

Home improvement recap and some family stuff

After that last post, I havent had an opportunity to write another post due to a cousin's wedding and visiting relatives on my wife's side of the family. Needless to say they are as excited as we are to be having a girl... they also want to know names! Shhhhh! We had to keep some of it a secret! Anyway that was mainly the weekend and us getting back into the groove this week.

Ok one issue I wanted to touch on: Home improvements. We have made some after being debt free except for the mortgage and having savings in the bank. First is a new cedar privacy fence around our backyard (we havent had a fence in 2 years) $3280 PAID IN CASH. Second is the wood trim on the house being replaced and repainted; Cost $835 paid for with cash. Thirdly this weekend we are getting a main bathroom sink chosen and then installed later next week. Cost: $600, which of course we havent yet but will pay for with, you guessed it, cash. With all this home stuff getting to our heads, Im beginning to think that we need to make sure we have some left over to max out our ROTH IRAs this year. My wife wants to make sure we have enough for Christmas too. I'll be posting a budget shortly to show all of our expenses, this way we will have a monthly/weekly plan for where the money is filtered.

On a side note, she decided to buy some cute little GIRL outfits and I know its a little early but she wanted to endulge herself after the recent findings :) Cost was less than $50 so it was ok!


Blogger Melissa said...

You should both be very proud of yourselves, as I'm sure you are. So many people would give anything to be in the same financial position.

Does one of you handle the expenses, or do you discuss every little detail of your budget with each other before making a decision?

Tell your wife to be careful when shopping for little girl clothes! It can be addictive. I should know, I have two girls. The cost adds up very quickly. And babies grow SO fast, as you will soon find out, that they often wear an outfit two or three times before it doesn't fit anymore. Nice consignment stores are definitely the way to go :-)

11:33 AM  

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