We Will Wait

Today, or maybe yesterday, marked the official end of our contract on the home. The mortgage broker (RLCA) totally failed us, refusing to go to bat for us with the bogus Landsafe appraisal. We had signed a 1-week extension last week for the appraisal to be adjusted, but this is not going to happen. So now we are back to square one. I was originally thinking we would wait another year to purchase a home, but I feel confident we can still make a purchase this year, probably in late summer or early fall. This will give us time to get our finances in even better shape.

Once again, the credit cards are paid off. I get a big smile inside myself whenever we do this, though it seems we still manage to find things to spend the money on. Last time it was our dog Thunder, who got so dehydrated we had to take him to the vet. He spent the night there, got some fluids, and $700 later we got our great dog back. He is officially worth 7 times what I paid for him! But we love him.

I am the financial planner in the family, and I don't mind this job. I even find it sort of fun, in a somewhat sick way, and have taken to watching The Suze Orman show on CNBC. I can't wait to start getting into more investments in the near future, but high-interest debts need to be taken care of first. The credit cards were the worst, so that is the big thing to avoid now that they are paid off. Almost as evil as them is government.

I used to do some contract programming work back in 2003 and 2004 and failed to account for all income. It was not intentional, my records keeping back then was less than perfect. So I owe Wisconsin about $2k, the IRS about 3k and Missy still owes Maryland about $4k. So the plans for the immediate future include paying off Wisconsin in a couple weeks, and Maryland in the next month or two. The IRS will probably wait until tax refund time next year, or another economic incentive package to help take out more of that balance. As each one is paid off, we have more money each month because we no longer make payments to them, and the 18% interest stops adding up. I would even like to pay off my truck, which is entirely possible, but only if we don't buy a house. We would rather have a house.

I find myself dreaming of a debt-free day. I don't mean mortgage or auto loan free, those will almost certainly always be there. But free of credit card and tax debt, and having just one car loan instead of two. I just don't like clouds like that hanging over my head, and would much rather be making money off interest in investments than paying it. Am I getting old?

Nope, I refuse to grow up. Years of struggling with finances and many months of working very hard to pay off credit card debt, collections and other "issues" on our credit reports was rewarded today. I broke down and bought a Microsoft XBox 360 and Grand Theft Auto IV, for the family of course :) Actually, it will be used mostly to simplify our TV entertainment center, something I will blog about later. The Grand Theft Auto IV is for me, when I feel the need to lose my freakin' mind and mindlessly indulge in hookers, drugs, stealing crap, and killing people. Damn that is a good game!

And no, that purchase was NOT put on a credit card!