March 2020 Financial Update

Deep breath………………Ok here we go.

Let’s just get the obvious out of the way. March was a disaster for the markets, the country and the world. People are losing their jobs, their savings, their friends and their family members. It has been a pretty dire situation for the last month as we all try to cope with this reality. Bottom line, it sucks!

One thing I love about our country is that we tend to pull together during big events and do what’s best for the greater good. I think MMM hit the nail on the head with his write up about the situation. You can read it here. For the most part people are doing what needs to be done to get us past this horrific moment in history and back on track as a society. This is encouraging to see and we will be successful. Continue reading “March 2020 Financial Update”

February 2020 Financial Update

Oh where to begin on this one? In our January update we talked about the end of the month impact on the financial markets from the Coronavirus. At that time we had some panic selling that turned the markets negative for the month and wiped out some nice gains. I was tempted to buy into the market, but ultimately decided to hold off which turned out to be a good decision.

Then came February and the panic took full hold with massive irrational moves to the downside. For me, it was time to move once we passed the 10% correction threshold. I half jokingly tweeted on Friday the 28th as the market closed that I thought we were near the bottom. Continue reading “February 2020 Financial Update”

Reality Bites

As we inch closer to March it has quickly become clear that we need to start making some plans and decisions.

We were at our favorite campground recently and stopped by the office to inquire about their extended stay rates for when we decide to go full time in our RV. They gave us the rate, which is just below our budgeted amount 👍🏻, and then the young lady said we had better book it soon as October is already getting full. Wait, what? October is getting full already? Are you kidding me?

This comment thrusted us into a situation of needing to better understand how this whole process works as we were not planning on making a decision until after the College Road Trip 2020 in August/September. It turns out now there is no way we can wait that long if we hope to have a place to live after our house sells. What we thought would be a smooth glide until the second half of the year is now turning out to be a sprint to a goal date. Continue reading “Reality Bites”

Lifestyle Deflation

Recently some of my fellow bloggers have written some excellent posts about lifestyle inflation and the impact it has on savings and finances over time. My friends over at moneyonfire.blog have a great write up on the subject which you can find here.

This got me thinking about the subject and I came to the realization that over the next year we will be entering a period of significant lifestyle deflation. This has always been the plan as you can’t live full time in an RV and have a lot of stuff. However, the fact that we are now within a year of making this dream a reality is very surreal.

This realization is already starting to impact our decision making and spending habits. Several times this past week we passed on purchases because it wouldn’t fit our future lifestyle. We have had more discussions about things that we need to figure out how to make work in the RV, like computer equipment, as well as things we are going to need help getting rid of. Continue reading “Lifestyle Deflation”

This and That……

It has been a few weeks now since our RV was damaged in a incident at a truck stop. You can read up on that here if you missed it. This has been a major bummer for us as we have had to cancel two trips now and have been stuck at home on weekends. The good news is that we finally got word this week that the repairs are completed and our RV is ready to be picked up.

The worry however, as with any vehicle, is that there will be additional issues that need to be worked out or that some things will not work the same as they did prior to the accident. I guess we will cross that bridge when we get to it. Also, our insurance waived our deductible so we are not out of pocket for any money. In the end, we got the best results out of a bad situation and we are grateful for that. Continue reading “This and That……”

College Road Trip 2020

This past Summer we enjoyed a wonderful family adventure. We visited Yellowstone National Park and a whole host of other states and campgrounds. It was our assumption that this trip would be the last time our son would join us in the RV as he would be heading off to college next Fall. Well, it looks like we will be doing a little family road trip next year after all.

Now that our son has accepted admission to a big east coast U we started discussing the logistics of getting him and his stuff across the country. Our first thought was for us to fly there and ship all of the necessary items to him. This was going to be very expensive as flying is not cheap and neither is shipping. Our son is also a student athlete so we are not just talking about shipping some clothes and some bedroom items. We need to bring his gear also, which is a big and heavy bag. Continue reading “College Road Trip 2020”