Weekend Recap and A Blog Carnival
2008 June 9
Wow! I slept till 8 today…oops. It felt good though. We were going, going, going all weekend.
- Friday night we had a nice dinner with Brian Ayers and his wife.
- Saturday I worked for 6 hours at Wegmans, and we then went to a Kid’s Quest Volunteer Party and had a good time. Hot fun in the summer time!
- Sunday we were up bright and early for church and a lesson for our kindergartners on Big Heads (humility). I worked at Wegmans for a few hours that evening.
So here we are at Monday. Time to get moving!
Before I go, here is the link to this weeks Carnival of Debt Reduction (#143-The History of Debt). My post, Our Progress: Month 5 was included with all the other excellent posts. My favorite was from Sound Money Matters. These guys might even be more ambitious than us! They have the same projected finish date, but are attacking about $40,000 of debt. Stop by and cheer them on, and check out the other great posts at the carnival.
Have you ever had that nagging feeling that there was something more to do with your life? I don’t remember exactly when it started for me...
I slept in till 9 lol :D
now…. do you mean we shouldn’t even borrow to buy a house? How does it compare with renting, where you never see your money again? I would never agree to taking out a second mortgage, just to get some cash out of the house—–paying it off as fast as you can is the better route. And you can deduct the interest in taxes (or at least we used to be able to). If you’re really careful and you buy a house at a good low price, it can be a really good investment later on, especially if you pay it off and prices go up. Borrowing to buy a house is a kind of investment and all investments are risky. Even if you pay it off and the value is the same or less, at least you have a place to live. But car loans and credit card borrowing are not good, I agree—these things drop in value fast and they are not investments at all. Just some thoughts coming from my way!
b
@beth thanks for the input. i think this comment was supposed to go with the “seth godin on debt” post?
Dave Ramsey says that borrowing on a house is the one debt he won’t yell at people for. but it is still SMARTER and possible to not borrow if you don’t have to. And if you’re in debt then you shouldn’t be buying a house, hence the renting like we’re doing.
We might end up borrowing (mortgage) at least a little to buy our first house. But we won’t do that until we’re out debt. We won’t get in over our heads. And we plan to pay that off as fast as we paid down our credit debt.
but if there is anyway we can avoid it, we will. I’d like to keep the perspective that this world is not my home, it’s just in between, and i won’t tie myself down (in debt) to temporary things.