Incomes: 2 incomes to 1 income

New state, new school, new house, brings another new. There have always been 2 incomes in our household, but with this move we will be going down to 1 income for the time being. The decision was made that my wife will wait to get a job. This will ensure our daughter is fully adjusted to the move, especially school. Since my wife is a teacher, we figured that most school positions were filled already since school started almost a month ago in Georgia. In fact, she applied and already received an interview, but again the best decision at this time is to wait.

A major benefit is that my wife set her current pay to continue to get checks over the summer. By doing this we received 2 incomes throughout the summer.

Dollars and cents behind the move

I have previously mentioned that we are moving. The driving force behind this was to be closer to my in-laws and along the way reduce our monthly expense. It would also be nice if we could walk away with some extra money to invest. Below is a quick break down of where I see us being in a couple of months.

Old House Numbers:

Market Value $305,000 – $310,000.

1,400 sqft, 3bed/3bath, .8 acres

Current Mortgage: $193,548

A move is coming

I have to say I am not the best writer nor the most organized with getting my thoughts on virtual paper. I am sure this post will jump around a bit and with that here we go.

I mentioned in the May Net Worth post that we had bought another house and are planning a move. We are moving from New England to the great state of Georgia. Where do I start with this one? I was born and raised in the same area of New England for my entire life and my wife has lived here for about 15 years. This is a huge change for both of us. Trading in the cold weather gear, 4 seasons, and the snow (No more snow blowing!!) for warmer weather, longer swimming season and slower pace of life.

Over the last 10 years