So, a recent topic of conversation around here has been...."Wouldn't it be cool to sell the house, make a huge profit, buy a smaller home with a large down payment, and get rid of ALL the other debt?" Hmmm...I have to say, I seriously considered it. And.....if the right house (with matching right price) came along, I would certainly have to entertain the idea. In some ways, it would be a lot easier in that we'd make a quick buck. But...then again....moving? Again? Yuck!
For multiple reasons, the debt payment has slowed down a little bit. Well...by about $300 - $400 a month. I've said it many times before and I'll say it again...this sucks! Not having the debt gone - that part is awesome! Just the day to day, struggling, sacrificing....it's hard. Money is so tight even though we've got more of a cushion than we've ever had. (DH is a great provider - thank you babe!) We keep having to adjust the envelope amounts because even though we aren't spending money on non-essentials, life just seems to keep happening. Soccer for the kids, for instance. Laundry, a sensitive reaction to the cheap diapers, Father's Day, birthdays...you get the idea.
I think I've also said this before, but since I'm feeling it even more, I'll repeat myself.....The frustrating part is that I have a consuming desire to be rid of all debt. I don't want it anymore. I don't want new debt. I'm good with changing how we do our finances. I want the debt gone! I just want it gone NOW. And it's not. We have to keep plugging along. This is the endurance part. It's not 'new' anymore and the end is in sight although it's an incredibly long way away. I can barely make out the finish line, but I know it's there. It's so tempting to just say....let's slow down a little bit and allow ourselves a bit more wiggle room. In fact, I think I did say that to DH! But - as usual, he is strong when I am not. He is a good partner to have! We'll have to make some minor adjustments, but other than that...the war on debt rages on!!
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2 comments:
Its an intriguing idea, but at the same time, the market is terrible right now, and depending on what state you live in, buying a house is just not so much of a smart move right now. Besides, if you buy too small, youll find yourself in debt down the road making repairs or even remodeling. If it were me, and its not because we rent (and I hate it,) Id stay put till the market is a little more in your favor.
Thanks for the advice! It's something that we will certainly think a long time about if we decide to pursue this path. We were planning on living here for the next 30 years or so, so it's something we won't do unless it's hugely profitable and a good move for the family. I think right now it's more of a "What if...." deal. We'll see....!!
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