It's cool enough to sip tea but it's throwing Chris off his podcast game. We talk about Chris's recent trip to Austin, Kelsey's weekend managing the tots (which included an update to our gallery wall, below) and the spa vacation that Kelsey deserves in the near future.
We combine our money talk and listener questions and start off with a clarification on our strategy for paying off our mortgage early. Our strategy is this: each month we put $1,000 or more into a Vanguard index fund. We plan to continue to save money into this account and then pay off our mortgage with this money in one fell swoop in about five years. We are doing this instead of making extra mortgage payments each month because we expect the money in our index fund to earn better interest than our mortgage interest rate (4%).
We also answer a listener question about saving and budgeting for spending around holidays and for gifts. This is something we have been working on and we've had disagreements about it! We now budget about $100 per month or $1,200 per year for birthday gifts, Christmas and holidays. We don't find that we spend much on holiday decor each year so this budget really goes to gifts and Christmas gifts.
We are loving your emails and questions, keep them coming!