In the end, DH was a voice of reason and noted that we really don’t know how long his job is going to last (they have funding for ~2 years, but it’s touch and go after that, and the company owner is in his 70s and keeps putting off succession plans), and he would much rather have 10K in the stock market than a 10K vacation to Hawaii (or anywhere else).
That said, we did make a few changes:
- DH increased his allowance from $35/week to $40/week, with a 10x lump sum of that at birthdays and Christmas. It’s been $35/week for a long time and was $30/week before that and $25/week back in graduate school, so this isn’t that big an increase. He is looking forward to buying a new super fancy monitor. (Work will be upgrading his computer for him, but he wants a nice monitor for gaming!)
- I impulse bought a $75 pair of jeans online without knowing if they will fit based on this post from anabegins. There was a woman in the reviews who sounds like she’s the same size and shape I am who gave her size which is what tipped me into purchasing. [Update: They fit and are as advertised.]
- After we get the water filter thing figured out, in theory we will move on to replacing the counters (I want quartz that looks like marble), the stovetop (DH really wants gas), and the sink (it’s cracked, showing the iron beneath it) in the kitchen. [Update: My sister’s car died recently and her car shopping got me looking at cars and there’s a lot of new stuff out there so we might replace DH’s car prior to remodeling the kitchen. We will see. Update: We bought a base model Clarity for $35,500– it’ll be a while before we update the kitchen! DH wanted a new car more than a gas stove.]
Other than that, all our plans are still puttering ahead back from when DH got back from layoff. So that means we’ve been donating more. We’ve funded backdoor Roth IRAs. Our 529 saving was already bumped up to $750/kid/month (previously it was $500/kid/month). The DCs will be going to various daycamps as expected (this will be the first year for DC1 who previously had daycare!) I’m trying to keep 50K in the Capital One savings account (currently 40k), 30K + the month’s expenses in our Credit Union [currently down to one and a half month’s expenses with the car purchase], and ~20K give or take in Wells Fargo. (I don’t mind having less in Wells Fargo, mainly I put any reimbursements or side income that comes to us in checks in there and write most of our checks under $500 from it, so the amount varies. We need at least 2.5K in there to keep the checking free.) Additional lumps of money will go into a taxable Vanguard broad based stock, though I’m not sure how much to build up before making a transfer. Back in graduate school I invested when it got to 6K over what I thought we needed (I think because that’s what it took to fully fund two IRAs!). The last time I put money in taxable stocks it was 30K because we had excess leftover from living in Paradise. Maybe I’ll do 10K now since that’s a nice round number.