New month/new goals!
We have a family vacation planned in the first week of December and my big goal this month is to pay that off in full. We have not been on a family vacation that wasn’t for a wedding or to visit family EVER, so even though I feel a little guilty about it, it is time.
After this vacation, we don’t intend to take another big vacation until our house is paid off in FULL.
I am also hoping to squeeze another $200 from the budget to send to PoniesandFIREjr’s 529 account. That would move us into four figures in that account. We don’t plan to go crazy on the 529, at least until we have all our debt gone, but I also don’t want to completely neglect it while we have time on our side.
We spent some time on the 4th driving around some smaller lake homes. There is one for sale currently that, if we sold our home and bought that, would halve our mortgage. It’s on the lake we like, which is a five minute commute for me. It’s only 680 square feet however, which sounds a little insane for 3 people, 2 dogs and a cat to live in. There is some decent outdoor space and we could probably add on a garage and laundry room, but obviously that costs money and would counteract the savings.
I’m really torn on what we should do. I love our house, but it’s huge. I want to downsize and save money and accelerate our journey to FI, but there are so many positives to our home too. Where we are now, we have apple trees, room to garden, room to have chickens. I could add blueberry bushes and a full orchard, if we wanted.
It also is another wrench in the plans that the 58 acres that butts up to our land that I absolutely LOVE and dream of owning, the owners are now putting it up for sale. WHAT DO WE DO?!?!?
If we stay and buy the land, we are 10 years away from FIRE. If we downsize, we could probably do it in 5. Still having a huge mental struggle on what to do…