This quarter I want to try something different. Sure, I set my annual goals back in December. Those goals are the big goals that I want to make sure I can accomplish over the course of twelve mounts and they are supposed to take time to complete (which they definitely are). However, that doesn’t mean there aren’t a ton of other short-term goals that I want to accomplish along the way. During the fourth quarter, I want to create some shorter term personal finance and life goals that I also want to complete over the next three months. Some are large and some are small. But all will have a meaningful impact if I can accomplish them.
It shouldn’t be a secret for too many of you. After nearly a year of marriage and our desire to wait as long as possible to purchase a house, my wife and I are now actively searching for our first home. We have toured over a dozen houses within the last two weeks and we have not found one that we like enough yet to make the plunge. It may be another three years before we find one that checks all of our boxes at this rate. This will be a long process and I’ll have a lot of different topics to write about along this journey. So today, I wanted to write about my recent process for finding the perfect mortgage and finally getting our pre-approval.
Lanny and I have talked extensively about our disdain for owning a car, forking over a monthly payment for a depreciating asset, and dealing with all the random costs and annoyances that come with owning a car. Well, a half a year ago, I caused some self inflicted damage to my car and have a massive dent to show for it. This time, I drew a line in the sand and determined I am not spending my hard earned money for the repair!
Throughout the life of our blog, Lanny and I have searched and slashed our way to save as much as possible to invest in the market NOW. Even though we have tried to identify ways to save through battling with our phone/internet provider (nice job Lanny!), tried to make our football season more enjoyable at a cheaper price (Can a football season be enjoyable as a Browns fan?), or just finding random savings “life hacks,” there is one expense that we have flagged as a major liability…I mean…money pit… our cars. A car is a necessary evil in the Midwest that does nothing but lose value and cost you money. Sadly I am writing this article, so that must mean something happened to my car. Let’s see how my car took a little extra money out of my savings account this month.