What's so bad about the economy ???
My thoughts, exactly. Don't get me wrong. God himself has blessed me and my family as He always does. I work hard, try to make good financial decisions, and I don't run a balance on a credit card (if I have to make payments for a trip, some clothes, or a video game, I don't get it).
Here's how the economy is affecting our plans this year.
1. We bought APs this year since it's cheaper than two one-week vacations. We just got back from an 11 night trip and are planning a December trip and another January trip.
2. The December trip will easily be covered by that "stimulus package" we'll get this spring. Thanks, GW.
3. We sold our house back in November. We're renting right now before we build this summer. I bought a 7-month CD with the capital gain from the house. Not a whole lot but the interest will easily pay for the January, 09 trip.
4. The home we're building this summer. Nothing extravagant and absolutely no interest-only, balloon, or any other hocus-pocus mortgage designed to get us into a house we can't afford.
5. Since the interest rates are dropping like a hot rock and are predicted to continue to drop (again, to stimulate the economy), I'm hoping we'll get a mortgage rate in the 4% range. Thanks GW.
DO NOT think I'm tooting my own horn here because I absolutely ain't. The good Lord can taketh just as quick as He has giveth. What I'm trying to convey here is there are boatloads of opportunities out there to make DW trips and other things possible if we just make good decisions. The main theme of this downturn economy is the housing situation and all the foreclosures. The vast majority of those foreclosures are because people bought houses they absolutely had no business buying and could not afford. Unfortunately, the government is gonna' come running in to save the day and once again, so few will learn their lesson and in a decade or so, something similar will probably happen like this again.
