Today I received my overage check from my law school. I am fortunate enough to have received a full scholarship for tuition, but I still take Stafford loans to pay for housing, transportation, and other sundries since I am unable to work full-time right now. However, with my wife working and making a decent wage, we don't desperately need it right now. I still thought it prudent to take it, however, since I don't know how the future is going to work out.
Perhaps we'll have to move out and find our own place. Perhaps my wife will lose her job or quit. I doubt either of these will happen, but you can't be sure. Regardless, we can't afford to not have money in the bank- or create liabilities that drain that money away. It took bankruptcy, sadly enough, to teach us that.
This blog has also drifted in another way- originally my wife and I had planned to save $100,000 for a house. We still are going to save as much as we can, but it may or may not be for a house. Paying that much money for a house would deny us the chance to enjoy the interest that money would create- so we'll probably just put down 20% or so of the asking price. Regardless, money can solve a LOT of problems, as much as I dislike the stuff. So we'll keep saving.
Old Total: $3,170.36
New Total: $11,708.11
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