Look at this little house, isn't it cute?
And what do you know? It just happens to be located in the same town where my very favorite 2 people in the whole world live. What a coincidence.
Almost a year ago now, I re-named my "hobbies" sinking fund "house down payment". I have been adding small bits of money here and there. Well, I am ready to get serious about this sinking fund. Because I want to make a large down payment on my last house; 100% to be precise. The balance in the account at this moment is $857.46. While this is a lofty goal, notice that this little house is listed for sale at 49.9k. There is plenty for sale in the area in this price range.
I intend to stop making extra payments on my car loan for now. I intend to stop making Roth IRA contributions for now. I have always intended that my Roth would be long-term savings for something like a new roof or a vehicle replacement. I don't want to touch it for anything else. While 71k is not a huge sum of money, it is a fund I do not plan to tap anytime soon. I hope to need the house down payment much sooner.
I am only contributing 5% of my gross to my 457 plan. I will just keep doing that.
When will I make this move? I do not know. But I know that when the time comes, I want to be financially ready.