financial planning

Husband and I are having financial discussions on approximately a daily basis lately, since we are in the midst of buying a house.  And possibly also a car, as the computer in my 2003(!) nissan shorted out a few weeks ago, necessitating a costly repair that has been hampered by a “national backorder” on the part…  long story shorter, I have been without a car for nearly a month, and will be without one for at least another month.  For anyone out there doing the math, as Husband is moving in two weeks, that leaves me utterly carless very soon.  So, because the costly repair is nearly as much as the car itself is worth, and the time without a car at this particular juncture is pretty debilitating, we are looking at possibly buying a new (to me) car as well.

Anywaaaay, whenever we have these discussions, they are always very rational until we’ve established we can afford something.  Then, I like to throw in a little curve ball.  The “what if you get hit by a bus and die” contingency plan.  Husband deals with my morbid anxiety pretty well, and talks me through what would happen in the event of his untimely demise.  Then, we decide if whatever we are thinking of doing passes the Hit by a Bus Test, and then we proceed.

Neither of us has ever had any debt (beyond <10k in student loans between us), so looking at buying a house and financing a car is a pretty crazy jump to me.  I’ve been against financing cars (or most things, really – I’m a save first, buy later kinda girl) my whole life (ah I am so old and wise), but right now it looks like the planets might be aligning.  Between my unforseen car problems (Nissans don’t often kick the bucket at <80k miles! – my bro has well over 200k on his!) and the economy (woo for financing incentives!), I might just get myself a relatively newer and shinier car than I had ever anticipated.

I don’t even know where to begin looking…  oh, and I probably shouldn’t, because my dissertation is due in 20 days, and I am NOT. DONE.


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One Response to financial planning

  1. Jess says:

    This post reminds me that we need to get life insurance for Torsten. I have it through work. He doesn’t. We’re young and healthy at the moment and therefore it would be affordable to get a policy that would allow me to pay off our mortgage if Torsten were to die, thus leaving me free to grieve/collapse without worrying about also getting foreclosed upon. It sounds morbid but I’m trying to imagine how much harder it would be to survive the death of a spouse if you also had to deal with not earning enough to pay your bills. It’s the kind of thing that is good to prepare for when it’s just an abstract concept that will hopefully never become reality.

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