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A Few Financial Issues Faced

May 9th, 2015 at 07:53 pm

Part of my real and financial housekeeping has been to look hard at all of our upcoming expenses. We both tend to just throw money in a pile, try not to overspend, and hope to find the money in the pile when we need it. Indeed if we want to use some of my nest egg for an English property, we're going to need to examine our domestic spending and goals. That means looking at our spending even more carefully.

My DH doesn't spend a lot on frivolous things, but also never compares prices or thinks about long-term planning. That's just not how he is. Our retirement planning has been my task, and I've done pretty well with it. We also have set aside some money for DD's college expenses, but not really enough. DH had the advantage of a free British university education (no longer the case there), so hasn't really thought through what DD will need. I spent some time running college calculators the past few days, and it's clear we need to save more. Although he fidgeted through the discussion this morning, he actually lasted through the whole thing--culminating in our increasing our 529 contribution significantly.

I'd still like to get a new water heater and a new bathroom in the next year, but I can see I'm going to have to find a bit more freelance editing work over the summer, be more vigilant about expenses, and keep selling clutter.

My current small steps have helped, but I'm committed to examining all our bills--from finding a better phone plan to increasing our insurance deductible on the older car.

5 Responses to “A Few Financial Issues Faced”

  1. Amber Says:

    You've motivated me to review my bills as well for better plans, thank you.

  2. creditcardfree Says:

    It really can pay to examine all bills and expenses! Good start to making your goals.

  3. Dido Says:

    Always good to heat up the incentive to save or earn more. What you plan for in advance, you can probably make work. It's when you don't take the time to think ahead that there is mire likely to be trouble.

  4. FrugalTexan75 Says:

    That's good your DH was willing to sit down and discuss needed future planning with you.

  5. My English Castle Says:

    Thank you all--that's the biggest goal for this week!

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