Hi everyone! Sorry for the absence. We moved from Cleveland to Vancouver, Canada two weeks ago. Moved into a new apartment last week, and things have been really really crazy! did I mention I'm 34 weeks pregnant?
Our furniture arrives on Saturday and hopefully we'll be all unpacked and settled in within the next week.
We had managed to rack up alot of credit card debt, have a car debt, and my student loans, plus we had no savings, etc. It was a big reality kick in the pants since only a couple years ago DH was making a kick-ass salary and we were living the high life. But we made some poor decisions and my pretty-darn-good salary this past year was being eaten up by debt payments, which was really depressing to be living so frugally when I was making more money than ever before. Well, our one saving grace was a property we bought pre-purchase for a small deposit almost two years ago. We had a sale set up that fell through, but last week we found another buyer and it sold!
We made a nice profit and that money is going to pay off all our debt except the federal part of my student loan. That's about $12k Cdn and the interest is low enough that it made more sense to use it as savings. We are giving ourselves each a "treat" - DH is getting a new laptop and I'm getting six months of a weekly cleaning lady, lol.
But we still want, and have to, live frugally. I got my last paycheck in the mail today, having finished my job to be a SAHM for the next little while. DH does not have a job yet (he's been the SAHD for the last year) and we really, really don't want to eat up our newfound savings this way. With the moving etc he hasn't had a chance to do any real looking around, and with baby due in 5 weeks we may just hang in there for a while. So we are going to stick to the frugal living style we were forced to learn when back in debtsville. When DH has found a steady income, we are going to be looking to buy a place - mother has generously offered to help with the downpayment, but obviously we'll need to take care of the mortgage, and budget accordingly.
I'm feeling a huge load of relief, needless to say, but still very enthused about living frugally. Until DH has a job, things are very uncertain, so there's big motivation to stay living simple! (besides, we like it that way!)