About Us/Background
Hello all,
Thanks for joining me. I am a military wife and mom of two. We are stationed in the south and have been here since December 2005. In January 2006, I stumbled upon Dave Ramsey’s website. That same week I listened to his radio show and called in. I was shocked to be able to get through and, here I am admitting this for who knows to read, asked a simple, obvious-answer, question. I asked if we should sell our house on the west coast or rent it. Dave said to sell – we were far away, who knows if we would get back to it soon and was he right that all of our money is currently going to our new home. He was right – but we didn’t listen.
Not that we didn’t try! We had been trying to rent the house since we left in early December. Then we changed our minds (three weeks later) and said sell. Then we changed again and said rent or sell, just do *something* with it! Needless to say, we were frustrated.
I ended up finding a renter on my own and we now have been renting the home since March of this year. We are not going through a property management company, thus all of the money comes to us. Yay you are thinking – big deal we are thinking as though they pay more rent then what our mortgage is costing (not hardly that much more), we are also paying on an equity loan for that house. So we are in the negative every month with that home. We’ve come to be okay with this since the house is worth so much more then the loans.
We also have a mortgage here (2 mortgages actually – our loan is an 80/15), a car payment, a handful of small bills (Target, the hubs’ student loan), my student loan, etc. Check out the debt update page for that info.
I’ve had this blog for months now, but finally I am able to start updating it. The past few months have been tough but times are changing. Thanks for sticking with me and I hope you can learn from our mistakes and encourage us along the way.
More about the family – dh is in the military, I am a work at home mom and the kids (boy and girl) are 5 and 3 years old. We just started homeschooling this year.