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Archive for April, 2009

Just when we thought we were out of debt.. Bam! $10,000 on the cc again.

April 26th, 2009 at 01:19 pm

It's not as bad as it sounds though. As some of you know, we recently became debt free save for the mortgage. The next step was to build our emergency fund and move onto the mortgage... but something got in our way.

My wife and I decided to install a modest home theater in our home. We took our computer/storage room, cleaned it out, then started from scratch. With a goal of spending no more than $5,000 dollars, we wanted to have the feeling of the movie theater (Save for the sticky floor, bad smell and babies crying). Well, I am happy to report $8,000 dollars later we have our theater.

Though it cost a little more than we planned (And truthfully, we still have a few more improvements that we would like to do) we are very happy with the turn out. The thought process is we will have the ability to stay home and watch a movie on the weekend and save us some money in the long run. (Maybe not but the entertainment will be worth it)

The equipment was charged on a 0% credit card and since we no longer have any debt, we were able to save enough money in the two months we took to install the theater to pay the balance in full. The only ongoing charge will be our Netflix subscription that will provide weekly movies for us to watch (We shut off our cable TV to save us almost $70 dollars per month).

Thanks for reading,

UPDATE: Thank you all for your comments, please view this link to see my HT progress. I will need to add current pictures but this link walks you through the steps I took.