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Home > Another update....

Another update....

February 1st, 2009 at 11:03 pm

Make that a quarterly one! (Computer issues to blame, and lack of time always!)

Lots of news at our house...

The best is that my brothers and I received and divvied up some money from a trust - not a lot, but enough to help out. After MUCH deliberation over how best to make use of the dollars, this is what we did. (It was kind of funny that during the same time period, BA asked the question in his blog about how to spend a sum of money - I read with great interest!)

My household is officially debt-free! We just paid the mortgage off this month, so it doesn't seem real quite yet. Writing the check for the payoff amount at the bank to get the cashier's check was a wow though!

Then after much research and analyzing (years before the advent of our money event, and after) we purchased with cash a new-to-us 2004 Honda Odyssey, with intent to keep until it no longer runs. This upgrades our failing fleet a bit - maybe to one not failing and well, let's not talk about the rest! (This wasn't an investment by any means, but gosh it's nice to have a newer car and hopefully less of those failing features common among the rest of our fleet!)

The balance of the money is sitting for now. We never had much of an EF, so now we do. Right now, both my husband and my jobs seem to be stable (though in this day that hardly means a sure thing.) And the whole car repair and medical costs events of the past few years surely could have been alleviated by having a decent EF - lesson learned!

We are looking into increasing/maximizing our retirement dollars. I have spent a lot of time lately thinking about 401k, IRAs, etc. How easily my decisions would have been made not all that long ago... I think I know what I want to do, just want to make sure.

Other news...

We've had a tough winter so far, car-wise. My second daughter hit some black ice and smooshed the front corner on a guard rail - luckily no injuries or other cars hit, and no damage to the rail (I found out the state will send a bill - yikes!) My husband replaced the headlight assembly and snipped the dragging part of the bumper - our formerly 'best' car looks quite wonderful, as you can imagine, but it's drivable.

My oldest was driving to work on New Year's Day, and when passing a walker and dog on a snow/ice covered road, ended up spinning around until hitting the rear against a tree on the opposite side of the road. An ambulance was called because she was bleeding from the back of her head (prob from hitting the seat belt housing) and for a possible neck injury. My husband and I arrived just ahead of the ambulance. I rode with my oldest, and my husband oversaw the towing of her Suburu, which was a goner. After some x-rays, a few staples, my daughter came home with aching head and spirits (she worked long and hard to buy her first car.) Her staples are out, and she's making due with the 91 Olds Custom Cruiser, aka the land yacht.

Granted, this winter's ice and snow has been quite the hands-on learning experience for my girls, when the recent past years have been so warm and lacking in snow. But can anyone really blame me for not allowing ANY of my daughters to drive my new Honda??

There's so much more to catch up on - my grocery successes, my utility bill challenges... not to mention taxes, college apps for the oldest, FAFSA, etc. A tad overwhelmed - that's me! This entry is quite long enough though, and the making of dinner awaits. Take care!

4 Responses to “Another update....”

  1. Miss T Says:
    1233530442

    Congratulations on paying off your mortgage! I cant even imagine how great that must feel Smile

  2. shiela Says:
    1233533430

    Wow! congrats.

  3. homebody Says:
    1233535129

    Yes congratulations on your decisions. I think good ones all around. My DH hit some ice too and hit a guardrail on a very rural road. We pick up his truck tomorrow after $5800.00 worth of work!

  4. whitestripe Says:
    1233610790

    wow. glad to hear you had good news, and congrats on the mortgage and new car! i am glad to hear you did responsible things with the money. it really must feel wonderful to have your mortgage paid off.

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