| Well, we fell off the wagon. We threw $23k down on a new car that we couldn't afford to buy outright and financed the remainder for 36 months @ 2.48%. I plan to make minimum payments on the car loan and get started early on our mortgage payoff since its rate is 4.5% - I also do not plan to itemize my deductions next year. It is looking like we will just barely clear the standard deduction for 2011.
Retirement's still there...
Looks like our home's value is taking a substantial hit this Christmas season. Whatever.
The car value seems insane, and frankly I agree. It's all downhill from here though. KBB doesn't yet have 2012 available, so I took $2k off our purchase price (TTL excluded, of course) for this month.
Mortgage should be dropping a bit faster, hopefully, by next month.
Student loans are still just chilling out.
Auto loan is new, as explained above.
Credit card statements are paid in full, don't worry!
With the impulsive Black Friday car shopping, I figured this wouldn't be a stellar month. But it's fun to look back just one year to see how far we've come. It seems like so much more time has passed. It is encouraging to imagine continuing this trend for five, ten, twenty years... and where we might end up as a result. |