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We've Come A Long Way

September 11th, 2010 at 01:29 pm

Our financial life, in a nutshell:

* Mr H's job continues to be stable. I anticipate it will be stable for another five to seven years.

* We haven't had any economic catastrophes. In that way our life is good.

* In March I bought two used curriculum items at the Goodwill outlet for $1 total. I sold them for a total of $8, less 15% (they were sold at used curriculum fair - 15% to the sponsoring organization). Correct my math if it's wrong, but isn't that a 485% profit?

* My brain has been in other places that aren't financial. We have overspent Checkbook Number One for a few months. The big difference between now and a few years ago: Mr H actually knew about it. I have made no progress on any of my goals.

* To counterbalance my lack of progress, Mr H has been consistent in the saving of money for retirement and a replacement vehicle. He has neatly handwritten all amounts in a manual ledger for several months.

* Mr H, on his own, opened up a Roth IRA with the saved money. He has a pretty conservative investment (he's even more risk averse than me) but he is happy with it. It's made more so far than our various savings accounts and CD's. He's tickled by that fact. **

* We meet regularly and have discussions about our finances. Mr H originally said every Sunday night. He's not that consistent, but I take what I can get and I don't remind him. If he "remembers" - great. If he doesn't it irritates me but I try to let it go.

A discussion about finances is really a discussion about future plans, hopes and goals. In that area we have more productive conversations than we have ever had. I wish I could be happier about this, but it feels like the first 16 years of our marriage (we have been married 17 years) were a complete waste of time. But if I set those thoughts aside (hard to do for me) we really have come a long way in the last three years.






** As a side note, I read on The Simple Dollar blog about the blog author's retirement investment strategy. He and his wife vary in their ability to tolerate risk, so they each choose what they want in their porfolio as if the other didn't exist. That seemed like a good strategy for us. It helps that they are reasonably financially sensible people.

3 Responses to “We've Come A Long Way”

  1. FrugalTexan75 Says:

    Good to hear about how you and Mr. H are doing. Are you still doing no s?

  2. Homebody Says:

    Hey you are doing better than DH and I. I think we were married about 27 years before getting on the same page financially. That was 5 years ago (anniversary September 8, 32 years) and we have made a lot of progress. I try not to think about the first 27 years!

  3. Petunia Says:

    FrugalTexan - I guess I'm doing no S in a too-relaxed way. I was holding steady until I spent about five weeks basically being gone this summer. I gained five pounds that I'm having a hard time getting off.

    Homebody - must be something about getting on the same page in your late 40's then. . . Happy Anniversary!

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