This and that
Good things on the money front. The following is the outcome of a financial discussion J and I had after calculating our net worth. We’re going to try to have one of these financial “dates” once a month:
I’ve ratcheted my retirement contributions back up to 20%. I’ve had a general feeling of unease ever since bringing my contribution down to 6%. On the debt front, we’ve decided to exercise some stock options to pay off ALL of our credit card debt. It won’t make much of a difference in our net worth, but oh, to be rid of the headache! And finally, given the poor outcome of the appraisal, we have also decided to temporarily suspend extra payments toward our mortgage principal in order to pad our emergency savings account. Due to some recent developments which I’m not yet in a position to divulge, I’d like to get some more money in the bank.
In other news, I’ve given up thinking I know what people will buy on Ebay. The lovely pea-green silk skirt from Esprit didn’t sell, but the Old Navy jeans went for $26! (I’m not even sure I paid that much for them.) That sale nearly made up for the other disappointments. I have two more non-clothing items on Ebay right now, and one of them already has a bid, so it’s not over yet.
posted by SMB @ 11:38 AM
1 Comments:
Looking back you will probably be grateful you exercised the options and killed the debt. You almost never hear folks say "I wish I had kept some of my old debt" while you generally do hear "If only I had paid that debt off years ago when I had the means to do so".
On the Ebay front - I once sold a pair of jeans that had sat unworn in the bottom of a drawer for a couple of years (still had the tags on). It sold for twice what the tag said (and yes I disclosed the tag price in the auction). The buyer did tell me that those jeans were no longer made and they fit her perfectely, so for her it was worth the premium. You just never know....
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