MInTheGap

Standing in the Gap in a Society that's Warring with God.

Once You’re Down to One Car…

March 19th, 2007 Viewed 3819 times

Debt and Demand…Stay there.  At least if you’re a one income family.

If you’ve been keeping up with the story so far, we had two sports cars, then we traded in one for a more practical car (kinda: it had four doors, but no power doors/windows/locks, etc.) and got burned because we gave it away for too little money.

Well, after this, we thought we were doing well.  I had backed down my 401K contributions to help with the car payments, we only had that loan, and the car was running well.

At this point in our young married life, I was driving the quick five minutes home from work for lunch every day with my beautiful bride.  At this time we were expecting our first child, and Virtuous Blonde was getting more sleep than normal.

Sell the Car Yourself

March 12th, 2007 Viewed 5062 times

Debt and DemandOne of the things that put me into the debt crunch I’m in today was something that happened to me shortly after I was married.  While I was single, I lived at home, saved my money in stocks (just in time for the bubble burst), 401k, savings accounts– all over the place.

When I got married, a lot of the extra cash I had on hand went into our honeymoon– and a little over.  We took care of that debt, and went to work on her school debt.  After having paid that off, we had two cars, an apartment, and a job.

We planned on having children, and knew that neither of our sports cars would be good for a car seat.  Seeing as my car was the better of the two, and hers was having chronic problems, we went into the Saturn dealership and talked prices with the friendly guy there.  We wanted something with four doors, and we looked through the lot.

MInTheGap

Standing in the Gap in a Society that's Warring with God.