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Some random financial updates

October 6th, 2016 at 08:15 pm

-- Our renters want to meet sometime soon to discuss possibly purchasing the house! Let's cross our fingers...they've rented the house since Aug 2012 and have been great renters but we would love to sell it to them instead.

-- I am to get a one-time $400 bonus this month. Woo Hoo! I wish it were more but I'll take it and will put it into our savings.

-- Hubby is itching to purchase a "new" car. He currently drives a very beat-up 1998 truck. We've agreed to stay in the $5k-$8k range if possible and will pay cash for it.

-- Just a quick financial snapshot of where we are right now.

Debts
*House mortgage = $273,486 (15 yr fixed @ 3.375%)
*Rental mortgage = $228,018 (ARM @ 4.75%)

Cash
*Retirement accounts = $106,778 (not including pension accounts)
*Mutual Fund savings = $9,585
*Bank account savings = $16,703

Other Assets
*Main house is worth about $450k
*Rental house is worth about $275k
*Our 3 cars are worth about $30k total

Definitely not where I want to be in regards to cash, but we are in a much better place right now than ever before. Slow and steady wins the race, right? We've made so many mistakes and have learned a lot so I'm not downgrading where we are right now. Our cash balance may not be as high as some of yours, but it's moving in the right direction for us.

1 Responses to “Some random financial updates”

  1. FrugalTexan75 Says:

    My DH is also on the car prowl. We're looking between $2k - $5k for a winter delivery vehicle.

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