Friday, November 7, 2008

The Game-changer

This morning started as any other morning in our little apartment.  The cat napped around us, and then, at about 5 in the morning, decided it was time to wake us up.

My wife got up, and I followed soon after.  The thing that was different about this day was the positive result from the pregnancy test that she took.  We are going to have a baby!

Of course, she will take another test in about a week, just to be sure, but the tests are 99% right, and almost never show a false positive, apparently.  As well, there are several other indicators conveniently explained by pregnancy, so we both feel the test result is right.

This means that our current plan to pay off debt may change somewhat.  Of course, it is never a bad thing to pay off debt, but we don’t want to just return to the place we just came back from.  So I am in the process of thinking through what we will do, and what our plan will be.

Dave Ramsey’s plan would entail paying nothing but the minimums on everything, and immediately begin stockpiling cash.  I really believe this is a good plan, but I also really, really want to be done with the credit cards, so my current plan is to stick with paying the American Express off, and then re-evaluate from there.  We are only talking about a month from now before the AmEx is paid off anyway, and that should give us enough time to really think through what we should do.

All in all, not a bad week.  Anniversary, got the AmEx below $3,000, and found out we were going to have a baby.  Life’s not so bad…  :-P


  1. Congratulations!! Check out Frugal Babe's blog for some great ideas on saving money with babies.

  2. Congratulations!!! I agree that you should grow the emergency fund.

  3. congratulations!!
    yes, babies are sooo expensive. so i think you should set a baby fund goal (about $5000) and pay a little more than the minimums on you debt. when you reach you savings goal then hit your debt hard again. You are def. one of the most inspiring debt bloggers I have read about.