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I hit my goal!!

December 13th, 2008 at 09:05 am

I hit $40,000 in savings today!! I made my goal!! Only took me 3 years! I never set a time limit on hitting the goal (because I never thought I would get there), but 13k a year is good in my book.

And honestly I cannot act like I did it all on my own. I did start out with a bounty of items that I inherited that needed to be sold on eBay.

The money ALL came from eBay...but it was blogging, other sources of income and discipline that kept me from raiding the eBay account time after time.

Anyways, I'm thrilled with hitting the goal, it's a bright spot in this housing thing.

Mortgages are complicated right now...we are primarily working with Bank #2 and we have a preapproval letter. We worked it down to a 5.5% interest rate, so yea that! The funny thing is, Bank #2 told us that if I moved to the city and got a job making $20,000 I just need to show them 2 paystubs and the preapproval would have been sooo much easier to get. Seems like kind of flimsy way of evaluating ability to make future payments...but once I knew how their game worked, I was able to fit my numbers into their formula and make it work. So we did work it all out without me having to move out of state, get a quick job and pay rent on an apartment just to get qualified.

So tomorrow we are driving up to GA to see if there is anything worth spending our 40k on.

We'll see. 3 duplexes went on the market yesterday for 30k less than the one we are hoping to buy...but they are not as nice either, but they are all in about the same location. So the housing market is still in a slight decline, good for us. It encourages me to be patient and wait for the place we want for the price we can afford.

That's it for today. I'm tired. Honestly, all this mortgage stuff has just worn me out.

11 Responses to “I hit my goal!!”

  1. Ima saver Says:

    Congratulations to you!!

  2. frugaltexan75 Says:

    Way to go! 40k is quite an impressive number to have! Sending good duplex vibes your way. Smile

  3. Analise Says:

    That is awesome! Good for you and keep up the momentum.

  4. whitestripe Says:

    congrats! that's a great achievement! remember if the not as nice duplexes can be made nicer by $10k of DIY then it's probably best to get the not as nice ones and fix it up yourselves. remember you can paint, garden and even put in your own flooring with some guidance as well as things like fixing up kitchens and tiles.

    in the last 6 months (four or five for BF) we've managed to save about $11 000. the same as you, it seemed like such a large number that i figured we'd be renting forever.

  5. Apprentice Fun-Frugalist Says:

    40k in 3 years ! Well Done !! :-)

    Best of Irish Luck on the housing front !!

  6. homebody Says:


  7. Blue Eyes Says:

    Great job...congrats!!

  8. lizajane Says:

    That's super! Happy house hunting.

  9. Amber Says:

    Way to go Big Grin That is awesome

  10. monkeymama Says:


  11. Myrtle Says:

    Wow, that is simply wonderful. Best wishes.

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