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! :)


Thursday, June 29, 2006

Wife is pregnant!

A few days ago she mentioned that she had missed her period. I didn't think much of it because she had recently stopped birth control and knew it would affect her cycle dates. When she went to confirm with her GYN today, I got the call around the afternoon yesterday telling me she was about 2-4 weeks pregnant. Needless to say I was a little shocked, but had that "feeling" in the back of my head that told me something was going to happen (dad intuition maybe). So yes she's confirmed pregnant! Yippee! Due date expectancy is around Feb 28, 2007. Its going to be our first child so I'm a little nervous but also excited at the same time. I still think deep down that I'm a child myself, like where has my youth gone? I'm reminded of somone that mentioned to me that 'you really are never 100% prepared for having a kid'. Even though psychologically I may not be "there" yet, but financially I know its coming down the pipe pretty soon. Our goals are still the same to finish her college loan debt by the end of August and then save 10,000 in an emergency fund by mid October. Finishing up some other minor house items, a new fence, landscaped backyard and a baby room with funds by the end of December. Ideas of starting a college fund and where to park it; I think we are going to use t rowe price where our IRAs are being funded. I want to get a jump start on as many expenses as possible before March and maybe set up a 'baby' savings fund. All in all, this will be an exciting 9 months.

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Saturday, June 24, 2006


Its funny to think how long I've gone without posting a blog! In case you're wondering, my 2 1/2 week vacation was fantastic. I met with family, friends, and spent time with the wife. Also completed master bath remodeling at my home and helped my grandmother with some bathroom and home repairs in Pennsylvainia. Since I'm back in the workforce I'm pacing myself back into a routine schedule. I started at my new career on Thursday joining a team of eight. First impressions are its a well rounded organization and the people so far have been pleasant and eager to get to know the "new guy". I dressed in business casual (black polo tucked into some khakis with black shoes) and a fresh haircut. I was glad to be back into the earned income bracket after receiving final paychecks from my previous employer last week. The job is very low stress and the change will be an exciting one. I will update my budget and charts on my blog soon. I'm just glad to be blogging again.

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Tuesday, June 06, 2006

Housework: Master Bath Completed

Im enjoying the first of my many days off by getting some housework done. Today I completed the master bath remodeling. The trim in the mitre box was probably the most difficult task but again it was my first try at one so Im guessing there is a learning curve. I always love making new changes to the home and not just to increase the value but because I enjoy doing the housework and making a change that I can say I completed. I take alot of pride in the work that I do and make sure that its done right the first time. On the plus side, I have alot of time on my hands for precision. Took most of the day to complete the trim work, caulking, and vanity. Tomorrow's goal: Hall bathroom, prep and paint. (Going to see Omen movie too)

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Sunday, June 04, 2006

I have left the building!

After 5 years (over 2 and 1/2 years in one department), I'm officially done with my job. My last day I was showered with a cake, balloon, stuffed animal and a fantastic card from my team! I know it has been unbearable and frustrating but I am looking forward to better things. I kicked off my celebration weekend by going to my grandmother in laws 75th birthday about 200 miles away. I visited with my in-laws and their families. I always have fun and some relatives are more down to earth than others. When I return home, I'm writing a plan of what to do with the rest of the month. My new job starts on the 23rd, so I will have some paid downtime, courtesy of my previous job. During which I will get some housework done, visit a couple cousins and spend some time with my elderly grandmother. (Hopefully gathering wisdom and maybe documenting some cultured recipes yummmm). Otherwise, budgeting our monthly expenses tomorrow and updating our networth.

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Emergency Fund
2007 Roth Contributions
$8,000 Total

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