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Archive for June, 2015

How's Your EF?

June 30th, 2015 at 06:59 am

The home of an acquaintance of DH's burned to the ground. Very, very sad but thankfully the family is all fine.

The older I get the more I appreciate the value of an EF. Disasters takes such an emotional toll on us humans. If you are able to take the financial aftermath in stride you are able to heal so much more quickly.

How is your EF?
If you don't feel that you are fully ready to financially handle a huge disaster, can you add just a little bit to the EF next payday? Do it for the people you love (which hopefully includes yourself).

Updates

June 26th, 2015 at 10:31 am

There have been quite a few big finance-related things going on in my life since I last posted. Here's a quick rundown.

1. 401K Catch Up Contributions: I decided to start making catch up contributions to my 401K. I still don't much like the investment options in my 401K, but I'm doing it for the tax savings plain & simple.

2. My Work Situation Up in the Air: My employer lost the contract that makes up the bulk of my work, effective the end of July. My work situation is even more up in the air than usual.

3. New 4-Legged Family Member Addition Pending: We are very close to finalizing the adoption of a dog. Needless to say (but I'll say it anyway), I'm thrilled. Pets are a financial responsibility, and worth every penny.

4. End of the Road for DH's Big Dream: DH has decided that he is not going to try out for the Champions (aka senior golf) tour. He has dreamed of going pro since he was in college and has never stopped working toward it. He'll continue to be a passionate and very talented amateur golfer. Being the awesome & responsible guy that he is, he has never allowed his pursuit of the dream to jeopardize our financial stability, and was willing to throw in the towel when he realized it wasn't going to happen. This frees up the "Big Dream Fund" money. Did you know it costs a lot of money to go pro? Paying for Q school is just the tip of the iceberg. Pro golfers have ZERO guaranteed income and must cover some pretty hefty expenses (travel, caddy pay, etc). It's one of the reasons we have lived so far below our means and saved so aggressively for decades, so that the money would be there if DH reached the skill level where he could go for it.

5. Another Move May Be In Our Future: We are seriously thinking about another move, this time to a high cost of living area. We're still just in the thinking stage, not yet planning. Our next door neighbors just listed their house for sale, and since it is comparable to ours we will be keeping a close eye on how long it takes to sell and the sales price.

Many other small things going on, but I just wanted to get the big stuff down.

P.S. LOL - I forgot to mention that our house got hammered by a hail storm awhile back and we have to get a new roof, gutters, window, screens, etc. We haven't replaced anything yet because we're waiting until storm season is over and more contractors are freed up. Funny that I forgot to include this in my original post. Of course we have insurance, but we have to pay the deductible. Thank goodness for the EF.