Tenmaru45

Tenmaru45 OP t1_j2dp5f4 wrote

Thanks for these thoughts. My emergency fund is about 5 months worth of expenses, maybe 5.5. We're saving about $500 a month, and $12k is where I'd hit 6 months without being on rice and beans, but still cutting back.

That said, at the time there isn't another separate sinking fund which also worries me as the EF is sort of a both/and deal.

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Tenmaru45 OP t1_j2dgpgv wrote

That's what I'm thinking too. Maybe we if move more into the country, but then again getting more land than what we have now will probably counter any savings not living in a nice area of the city.

Depending on homeschooling etc., wife may not enter back into the workforce for at least 17 years.

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Tenmaru45 OP t1_j2bf1g9 wrote

Ah, good point. I make $75k pre-tax.

My home has appreciated due to updating our kitchen and being close to an area of regentrification--although how much it's worth now I don't formally know.

Basically my wife wants to have a bigger yard for our family/boys and to get away from some neighbors, an extra room since I've been WFH, etc. However, I think this is more of a long-term home if not a forever home due to the financials.

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