Our household income has more than doubled this year. It's great, but it's definitely an adjustment. We had a little bit of consumer debt, from our wedding, and quite a bit of medical debt (because screw the US healthcare system) that we were able to take care of. We've increased our student loan payments and should be able to pay those off sooner. We did buy a second car, since his commute is now almost 20 miles and our city's public transportation isn't great. We got a used car in good shape with a low interest rate and reasonable monthly payments, and that actually looks good for our credit score I guess. Our next goal is to buy a house. It's just weird to find ourselves with buying power, and the ability to save instead of living paycheck to paycheck and being frugal out of necessity. I'm still trying to be smart about groceries and we definitely aren't madly consuming lots of crap we don't need. But I'm looking for advice about how to approach changing my mindset from frugal-by-necessity to prudent-use-of-abundant-resources.
Here is a great Terry Pratchett quote that illustrates perfectly for me the lifestyle shift that we're going through. So, general advice on using our newfound financial position wisely?
October 23, 2017 at 12:48PM
