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Networth almost back to pre-house levels

June 24th, 2009 at 03:05 pm

On one hand, it feels like treading water. On the other hand, I bought a fixer upper with no appliances in it and have been working on it for over 6 months and have managed to draw even with a couple of months before buying the house. Given how much we have spent on this house getting it fixed up, I think I should actually be proud of myself. The kitchen needs the painting finished (we are at the one coat of primer stage) and we are currently landscaping the front yard. Everything else is basically done.

For those of you keeping track, we have all told spent about 30k in cash and 20k in credit card deals fixing up the house, getting appliances, bringing things up to code and working on the yard. Also that involved a lot of tools for working on things ourselves. Not exactly a cheap hobby and my goals for the next five years promise to only add to that number (fortunately though not as much as the first 6 months). There is nothing quite like trying to pay off debt while spending lots on new improvements.

The rest of this year though is about paying down the debt and finishing the front yard. (Next year the goals are debt free and new recumbent trikes, maybe even a small hot tub next fall if we are really good and yes in that order). We have a $400 visa gift card from hubby's work that is going to buy us a load of stepping stones and another shovel tonight so that this weekend we can get an early start on our yard.

I haven't forgotten that I owe everyone here some kitchen pictures, I just still haven't finished painting. Maybe I will do that this weekend (inlaws are coming next week so I have the motivation for it).

Anyways, my debt numbers should start looking good here since we are currently able to pay at least 2000 per month towards the debt. We will just keep plugging along.

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