D got a call yesterday with another job offer. How lucky is he? Very, and we know it. He didn't burn any bridges because you just never know in this day and age.
As a general observation, it seems like lots of people around us are either trying for or expecting their first child. Some are more financially prepared for the event than others.
The ones that worry me come with stories like -- We can barely make ends meet but we wanted to have our first baby at this stage of our lives... or ... We cannot afford to live without both incomes... or ... I don't care that we have loads of debt and our careers aren't established yet, we still want to sign up for in vitro...
I understand the whole concept of the biological clock and the emotions associated with that can be overwhelming and consuming. I also believe that a solid couple relationship emotionally and financially can be the difference between a stable childhood upbringing and a stressful one. I wish all of them the best.
Lots on the news lately about the impending Bank of Canada rate increase this summer. What will it mean for us? With 2 variable rate mortgages, our payment amounts will increase as the rate increases. We will need to maintain the higher payments in order to stay on course with our existing amortization.
The goal stays the same. We do not want to renew our mortgage when our 5 year terms come to an end in 2 1/2 & 3 yrs. In order to achieve that, we are doing our best to max out the prepayment amounts allowed by the bank each year. If we are successful, then we will have paid for 2 places in 5 years -- A worthy goal.