School is about to begin. This will be the final year of school for our son. It is a day we spent years thinking about and it’s a surreal moment as well as a milestone of sorts. Even more surreal is the fact that he has begun applying for admittance at colleges. But in reality, only one College matters to him. The others are back up plans that he has no intention of pursuing unless absolutely necessary.
While we prepare ourselves for this next year we are also trying to prepare and plan for the next steps after this school year. Over the past few years we have downsized our lives in many ways, like selling our 3000+ square foot home and moving into a small townhouse. However, we have also taken on a lot of extras in place of what we have given up. Some of these decisions, like purchasing a large and costly new RV, have been expensive up front but were done with an eye to the future. Other decisions have been made in the moment which isn’t usually the best way to make sound financial decisions. We are prime examples of impulse buyers and that has cost us quite a bit of money. One thing is for sure, we need to find a way to further cut back our monthly expenses and increase our savings rate which is currently topped out at 22%. Continue reading “Life Update” →
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