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It Wasn’t Meant to Be

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I mentioned in the comments on Monday that my husband didn’t get the good job that he applied for. This job would have basically doubled our income.

It is difficult to not think about how much we could have done with that extra income. Our credit card debt would have been gone in a year. Within three years, we would have been able to pay off all of our student loans and our mortgage. Sometimes, it is too easy to get caught up with thinking about what we could have done with the money.

Then you get a letter in the mail that says it was not meant to be. At least, that’s what I tell myself because it is supposed to make me feel a little bit better. I can’t sugar-coat it. My husband not getting a job that he was clearly qualified for stinks.

Anyways, that job was a deciding factor on whether we were going to pack up and move. Where we live now doesn’t have much in the way of jobs that my husband is qualified for. We are very fortunate that my job is portable and as long as I have high speed internet access I can go anywhere. But for him, it’s a little harder.

It’s tough, though, because if we move we could have a whole new set of problems to deal with. We know the area we live now and it is dirt cheap to live here (our home only cost $35,000). Then there are the things you can’t put a price on. Things like taking a short drive to the lake to build a sand castle. Or standing on my porch and seeing a sky full of stars and the northern lights shimmering across the sky. I could go on and on why where I live is special.

C’est la vie. It wasn’t meant to be and it’s time to move onto another phase of our life. Who knows? Maybe we’ll find another spot in the country even better than where we live now.

Pay Off Debt at 0% or Beef Up Savings

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After we were able to transfer all of our credit card debt to a new card with a 0% balance transfer offer, my plan was to pay off that debt as quickly as we could. But I realized something.

That debt is at 0% right now. Something that I could do is to use the extra money that I would be paying towards our credit cards and put it in our savings account. That way, the money could earn some interest. Before the end of the 0% balance transfer term (which is a year), I’ll take the money out of the savings and make a large payment to our credit card.

I’m on the fence as to what to do, so I thought I would open up the floor and ask your opinion. If you were in my situation, what would you do and why?